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DFS Secretary Urges AI-Led Financial Inclusion by Fintechs

8 July 20251 min read
BANKING & FINANCEDFS SecretaryUrges AI-LedFinancial Inclusionby Fintechs8 July 2025safalsetu.com

Why in the news

At an industry summit in New Delhi, the DFS chief asked fintechs to widen access with AI while guarding against fraud and cyber risk.

Key facts

  • Fintechs to lead in onboarding, authentication, fraud mitigation, financial literacy.
  • Inclusion supports poverty reduction, growth and social empowerment.
  • Jan Dhan accounts crossed 50 crore by 2024.

Schemes cited

  • PMJDY
  • Suraksha Bima Yojana
  • PM Swanidhi
  • Atal Pension Yojana

Exam angle

  • Event: CII’s 3rd Financial Inclusion and Fintech Summit.
  • Official: DFS Secretary M. Nagaraju.

Test yourself

1. How many of the 17 UN SDGs were said to be directly linked to financial inclusion?

Seven of the 17 SDGs are directly linked.

2. Adult bank account access in India reached what share by 2024 as cited by the DFS Secretary?

Access rose from 35% before 2014 to 99%.

3. Who is the DFS Secretary who addressed CII's Financial Inclusion and Fintech Summit?

M. Nagaraju is the DFS Secretary who spoke.

This topic is part of Daily Current Affairs 8 July 2025 (17 topics).

All topics of the dayDay quizJuly 2025

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