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ICTs in Financial Inclusion

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  Bipul Pathak, Commissioner/Secretary, Science & Technology and Information
Technology Department, Government of Jammu & Kashmir
There has been a great thrust in last four to five months from the Department of Financial Services, Government of India, to put a lot of energy into the system of financial inclusion and to direct transfer of benefits. The backend computerization and the backend digitization of the department of social welfare in J&K government have already started and it is going on. 
 prem1 Prem Narayan
Director (JNNURM), Ministry of Urban Development, Government of India
Ministry of Urban Development has taken lots of initiatives in the area of e-Governance and our ministry is guiding the states/UTs and urban local bodies for creating fully fledged IT Infrastructure which is creating transparency, speed, visibility of the benefits for the citizen at large. approved under JNNURM. Out of 65 Mission cities, 37 Mission cities have implemented e-Governance reform.
  Ashok Kumar
CGM, Central Bank of India
Central Bank of India is one of the pioneer banks in both the financial inclusion and in direct benefit transfers. We have covered financial inclusion in around 200 villages. Central Bank of India is undertaking various financial inclusion activities in around 377 districts throughout India.
  B R G Upadhyay
Chairman, Deccan Grameen Bank
Banking and financial inclusion needs technology. Financial Inclusion is somewhat different from traditional banking, it has very basic characteristic which will have to address will take the financial inclusion forward. The few of characteristic are convenience, security, flexibility and at low cost, in examining this characteristic. I think ICT can help in extending these services.
  Raveendranath Hebbar
DGM, (Agri, SME, OPS & Financial Inclusion) Corporation Bank, Mangalore
Technology is the key to provide low cost financial services. It has the potential to address the issues of outreach and create delivery of the twin objects of financial inclusion initiatives. The outreach is expected to cover the poor, under privileged, uneducated sections of the society which is more prevalent in rural areas causing financial exploitation. Some of the challenges need to overcome with technologies intervention in the areas of distance and reach.
  Amit Sharma,
Additional Secretary, Revenue Department,
Government of Jammu & Kashmir

When I was heading a sub division in the state of Jammu & Kashmir, we were facing problems in enhancing confidence level in government officials to launch various new initiatives. To overcome it, we started undertaking various exercises like automation of bank branches, introduction of insurance schemes, building network of mobile towers and organization of MSME workshop. Various initiatives are taken to bring the rural masses to the mainstream governance system like e-Chopal.

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