We are now talking about AgriStack, which will link agriculture to technology, and FisheriesStack, which will come with a lot of data: Shaji K. V., Chairman, NABARD
FinTech BizNews Service
Mumbai, July 8, 2025: It is a matter of great pride for every Indian that India is far, far ahead of many countries in payment systems. “We have, in fact been trying to expand our digital payment ecosystem to several other countries. We have a presence in seven countries and are also in discussions with a few more. Perhaps this year, we will be setting our footprints in more countries, where citizens will make payments through our UPI system, said M Nagaraju, Secretary, DFS, FinMinIndia, at the CII Financial Inclusion and Fintech Summit, held in Delhi, on Monday.
India Stack is present as public infrastructure. “We are now talking about AgriStack, which will link agriculture to technology, and FisheriesStack, which will come with a lot of data. As India reaches the #ViksitBharat stage by 2047, we need to be a developed country by bridging the urban-rural divide.
We need equity in growth, for which we need more players to extend credit, payments, and insurance to remote areas, stated Shaji K. V., Chairman, NABARD, at the CII Financial Inclusion and Fintech Summit.
“As India advances towards #ViksitBharat, inclusive economic growth, particularly for marginalised communities has remained the central focus and has led to measurable progress in areas such as poverty reduction,
education, healthcare and infrastructure development, explained Prashant Kumar, Chair, CII National Committee on Fintech & Managing Director and CEO, YESBANK at the CII Financial Inclusion and Fintech Summit.
While traditionally the banking sector has been at the forefront of driving financial inclusion, the fintech sector has been supplementing the efforts of incumbent players in today’s times. They have emerged as key drivers of financial inclusion due to their ability to provide last-mile connectivity by leveraging new-age technology and delivering both financial and value added services at an affordable cost, pointed out Chandrajit Banerjee, the Director General of the Confederation of Indian Industry (CII), at the CII Financial Inclusion and Fintech Summit.
