A STUDY ON G20 Perspective Digital Financial Inclusion in the Indian Banking System

The potential it has to empower people and promote economic progress has given the idea of digital financial inclusion a lot of traction around the globe. Digital financial inclusion has emerged as a key element of the G20's objective to promote equitable and sustainable development in the context of India, a nation with a sizable and diversified population. Through the G20's eyes, the Indian banking system's efforts to utilize digital technology and achieve financial inclusion. the key tenets of India's digital financial inclusion plan, which span a wide range of programmes including the Pradhan Mantri Jan Dhan Yojana (PMJDY), a major financial inclusion effort, and Aadhaar-enabled biometric authentication. Through these initiatives, banking services are now supplied in a whole new fashion, opening up financial goods to even the most isolated regions of the nation. The noteworthy progress India has achieved in incorporating digital financial inclusion into the world's financial system. It goes through how the G20 members have acknowledged and valued India's efforts to advance digital financial inclusion as a crucial step towards reaching the Sustainable Development Goals (SDGs) of the United Nations by 2030. India's innovative path to financial inclusion in the digital age and how it aligns with the G20's objective to encourage equitable growth. To guarantee that digital financial inclusion remains an effective tool in improving the lives of billions of people throughout the world, it reinforces the need for ongoing collaboration, innovation, and regulatory support.