Digital Financial Inclusion Programs Are Bearing Fruit In The Time of COVID-19

1
Digital Financial Inclusion Programs Are Bearing
Fruit In The Time of COVID-19
2
Introduction

• Mr. Dayashankar runs a tailoring business in
  Raipur. In late 2017, he came to know about
  Evolutes micro ATM and became a bank
  correspondent (Mitra) with one of our clients.
• The user-friendly interface with Android OS based
  tab helps him to complete all the transactions
  easily.
• On asking him about the same, he says, I am the
  only shop in my village which has been able to
  offer doorstep banking with daily transaction
  volume going to INR 1-2 lacs.

3
Coronavirus crisis
4
Digital Inclusion

• Last month, the government of India announced a
  relief package for those affected by the COVID-19
  situation.
• The dire need of the hour is that financial aid
  may reach the poor living in rural areas.
• The digital financial inclusion programs will
  help immensely the people to avail the benefits
  using the Direct Benefit Transfer DBT scheme of
  the government and Evolutes offerings fit
  perfectly here with the products being used for
  the actual transfers.
• Also, the subsidies and relief measures in the
  future can be made available easily through it.
• Though the physical banks have suffered a slight
  setback, the compelled transformation has given
  rise to the use of Fintech applications, devices
  and software services

5
Digital financial inclusion programs

• In the current situation, this is how the
  under-served population in rural areas across
  geographies are benefiting through Digital
  financial inclusion programs.
• The Coronavirus crisis is unprecedented.
• The outbreak of pandemic COVID-19 has affected
  the whole world.
• While the lockdown in India is the right step to
  contain the virus, the economy is on the downward
  trajectory.
• Other than essential services, everything else is
  shut.
• When it comes to financial access, urban people
  are utilizing digital banking for financial
  transactions.

6
Evolute Group

• We are on a mission to TechPower the world and
  accelerate worldwide change with our suite of
  highly efficient, extremely smart, scientifically
  and financially viable embedded systems
  solutions.
• Our products and solutions are built to provide
  services in the FinTech, CleanTech, GovTech and
  Industrial Electronics sectors while supporting
  SaaS, PaaS and on Premises Opex Models.
• Tried and tested, our end-to-end FinTech
  solutions are bridging the divide by reaching out
  to unbanked communities across the globe and
  making their financial lives seamless.
• For more details visit to Power, Perseverance And
  Prudence For Electric Mobility, Made in India

7
Evolute Group
For more information visit our official website
Evolute