New Delhi, March 31 -- The advent of financial technology in terms of digital payment disruptions paved credible ways to attain financial inclusion in the Indian economy. Financial inclusion is defined as the unequivocally available financial services for the entire country's population, including the rural and urban population, at affordable cost. The disruption of digital payments is the pronounced catalyst for financial inclusion in India. Indian economy has witnessed unprecedented development and exponential growth trajectory since independence, and it persists to grow.

India, despite its remarkable growth in agriculture, industry, and services sector, failed to attain equitable financial inclusion, including for the vulnerable group...