This partnership encompasses AI integration, SME solutions, enhancing online safety, fostering local collaborations, and more. Google Pay’s introduction in response to the government’s invitation strengthened financial inclusion.

Through this partnership, a total of new 666 SBI banking kiosks have been established, each one placed to strategically provide accessible banking services to underserved regions across India.

Varthana finances affordable private schools and students with affordable school and student loans, customized to enable schools and students to unlock their full potential.

The B20 task force on financial inclusion for economic empowerment has identified 11 key themes around gender and diversity, reducing cost of borrowing for underserved segments, harnessing power of BCs, intervention of agriculture and rural segments, cross border payments and more.

The series A funding comes from Incofin India Progress Fund, a private equity fund launched in 2021. As of June 2023, Varashakti Housing Finance offers home loans, home improvement loans, loans against poverty and small ticket business loans.

The funds have been earmarked to fund women and youth financing, thereby promoting gender equality and female empowerment.

The $10 million MicroVest investment in Annapurna microfinance aims to promote economic inclusion in underserved rural communities, with a specific emphasis on empowering women in India.

India’s leading Electric Vehicle financing non-bank financial company has recently raised $7 million green bond arranged by Symbiotics Investments to strengthen its retail Electric Vehicle portfolio for two and three-wheelers across the country.

Mumbai-based Svasti Microfinance has received $5 million through Non-Convertible Debentures from Singapore-based Impact Investment Exchange's Women's Livelihood Bond 5, the proceeds of which will go toward empowering women through income-generating activities.

Microsoft co-founder Bill Gates on Tuesday met Reserve Bank of India Governor Shaktikanta Das and discussed various issues including financial inclusion, payment systems, microfinance and digital lending among others.