Global Fintech Fest | PM Modi: Fintech Driving Social Change In India

Prime Minister Narendra Modi addressed the Global Fintech Fest at the Jio World Convention Centre in Mumbai, highlighting the transformative impact of fintech on India's economy and society. In his speech, PM Modi emphasized how fintech has tackled the challenge of the parallel economy, bringing transparency through digital technology. He lauded the role of fintech in enabling direct benefit transfers under hundreds of government schemes, significantly reducing system leakage. The Prime Minister also underscored the profound social impact of fintech in bridging the gap between rural and urban areas, making formal financial systems more accessible and beneficial to the masses.