Stakeholders’ consultation on ‘Application of Innovative Technologies for Promoting Financial Inclusion in India’

15 Jun, 2018

  • Highlights
  • Agenda

A roundtable consultation with relevant stakeholders was organised as part of the study on the ‘Application of Innovative Technologies for Promoting Financial Inclusion in India’. The study is part of ICRIER’s engagement with the Department of Economic Affairs, Government of India, in support of the country’s agenda for the 2018 Buenos Aires G20 summit. The session was chaired by Rajat Kathuria, Director & CE, ICRIER, and was attended by experts from industry, academia and other stakeholders. The presentation on the findings of the study by Saon Ray, Senior Fellow, ICRIER, focused on the relevance of emerging technologies, especially blockchain and artificial intelligence (AI), for financial inclusion and highlighted the need for dialogue and co-operation among G20 countries in this regard. The study was well received and the discussions focused on the opportunities and challenges in using innovative technologies. Guests shared their experience in using these technologies and provided insights into the challenges the fintech industry faces. It was pointed out that though technology can be a great enabler, the Indian scenario still warrants more work on the financial literacy front. The relevance and various use cases of blockchain technology were also discussed in detail. The government has been very supportive to the industry so far but there is urgent need to come up with a coherent national policy and address issues like skill paucity, standardisation, barriers to market entry, consumer protection, etc. The participants also noted that the G20 can greatly aid ongoing efforts in these areas. There is much scope for mutually beneficial collaboration since development of credible use cases and regulatory responses to these technologies are still a work in progress across the globe.

Stakeholders’ consultation on ‘Application of Innovative Technologies for Promoting Financial Inclusion in India’

Friday, June 15, 2018,

ICRIER Conference Room, Core 6A, 4th Floor, India Habitat Centre, Lodi Road, New Delhi


11:00 am – 11:15 am


11:15 am – 11:20 am

Welcome remarks by Dr. Rajat Kathuria, Director and CE, ICRIER

11:20 am – 11:40 am

Presentation of research paper by Dr. Saon Ray and team

11.40 am – 12:00 noon

Tea break

12:00 noon – 12:30 pm

Discussion on the current Fintech situation in India

12:30 pm -1:00 pm

Discussion on G20 countries experience

1:00 pm onwards