India, March 28 -- Digital platforms have emerged as a cornerstone of financial inclusion worldwide. They bridge economic divides by enabling access to banking, credit, insurance, and other financial services, especially in developing economies. In India, the emergence of digital platforms has made these services accessible to many. For those from the economically weaker sections of society, especially, these platforms have made it easier to access credit, payments, and receive monetary entitlements and become a part of formal economy.

The Pradhan Mantri Jan Dhan Yojana (PMJDY) launched on August 28, 2014, easily the most ambitious and audacious programme globally in advancing financial inclusion, and has completed 10 successful years, a...