Month: May 2023

The importance of Micro Insurance and the Low-Income Group

Microinsurance is a type of insurance designed to cater to the needs of low-income individuals and households, who often face financial insecurity due to a lack of access to formal financial services. It provides a safety net against unexpected events such as illness, accidents, and natural disasters, which can cause significant financial strain for those… Continue reading The importance of Micro Insurance and the Low-Income Group

Financial Literacy and the need for Financial Inclusion

Financial literacy is an extensive concept that involves several aspects like budgeting, saving, investing, debt management, financial planning, etc. It encompasses the ability to make informed and responsible financial decisions that can positively impact an individual’s financial well-being. Financial inclusion, on the other hand, refers to the accessibility and availability of financial services to all… Continue reading Financial Literacy and the need for Financial Inclusion

Technology’s Role in Financial Inclusion

The start of the ‘technology era’ was a turning point for human evolution. The invention of ‘the wheel’ was the beginning of one of the most important eras of humankind. Over the years, technology along with its surroundings has evolved manifold and today, it is upholding several aspects that humankind as a society is striving… Continue reading Technology’s Role in Financial Inclusion

iServeU; Serving the Rural

India’s Rural segment amounts to approximately 900 million individuals and massive scope of work. The Government of India (GOI) and financial institutions are working tirelessly to bring the said underserved market on a symmetrical platform of inclusivity. In recent years, financial institutions have been able to reach deep rural areas of India by leveraging the… Continue reading iServeU; Serving the Rural

The Niyogin Journey

This inciting journey began in the year 2017 when two friends, Amit Rajpal and Gaurav Patankar manifested their vision of empowerment across strata through financial inclusion and equitable financial opportunities. Their core belief is that to measure the concept of growth, financial inclusion is a vital and inevitable part. And thus began the journey of… Continue reading The Niyogin Journey

Fintechs designing the ‘One Platform’ Concept

With thousands of Fintechs in the market constantly experimenting with newer products and services, the idea of bringing it all to a single platform was quite anticipated. However, Fintechs are now expected to do much more. Fintechs began by designing a virtual universe where customers could choose from a range of products and services; however… Continue reading Fintechs designing the ‘One Platform’ Concept

Micro-lending changing the Rural landscape

The origination of the micro-lending industry in India dates back to the 1980s when India took inspiration from Bangladesh’s successful reforms where they benefitted from distributing loans to the underprivileged women of their region. What began as an experiment, quickly turned into something substantial for India. Today, India’s micro-lending portfolio stands at Rs 2.93 Lakh… Continue reading Micro-lending changing the Rural landscape