PM Modi Hails Fintechs For Boosting Street Vendor Businesses Through Bank Services & Loan

At the Global Fintech Fest 2024, PM Modi spotlighted the crucial role fintechs play in democratizing finance and empowering street vendors. He praised fintech firms for enabling street vendors to access banking services and loans, significantly boosting their businesses. PM Modi emphasized how fintechs have expanded financial and banking services to rural India and small vendors, a feat that was challenging in the past. He noted that while people previously had to visit banks to access services, now these services are conveniently available on mobile phones, making it easier for those in remote areas to benefit.