New Delhi, 8 September (HS): Digital Public Infrastructure (DPI) has had a transformative impact on India. It goes beyond financial inclusion. The Financial Inclusion document prepared by the World Bank for the G-20 Global Partnership has lauded the transformative impact of DPI in India over the past decade under the Modi government.
The document discusses the unprecedented steps taken by the Modi government and the important role of government policy and regulation in shaping the digital public infrastructure (DPI) landscape. Appreciating India’s DPI outlook in this, the World Bank document states that India has achieved in just six years what it would have taken nearly five decades.
Jam Trinity has increased the financial inclusion rate from 25 percent in 2008 to over 80 percent of adults in the past six years. Thanks to DPI, this journey was already completed 47 years ago. The number of PMJDY accounts has tripled from 14.72 crore in March 2015 to 46.2 crore by June 2022. Of these, 56 percent, i.e., more than 260 million accounts, are owned by women.
Over the past decade, India has leveraged DPI to build one of the world’s largest digital government-to-person architectures. This approach has transferred an amount of about $361 billion directly to beneficiaries from 53 central government ministries through 312 flagship schemes.
Hindusthan Samachar/ Indrani Sarkar
