First meeting of Global Partnership for Financial Inclusion Working Group of G20 kicks off in Kolkata

Tags: National News

The first 'Global Partnership for Financial Inclusion' meeting of the G20 began in Kolkata on 9 January in the presence of guests and dignitaries from across the world.

An overview of the news

• The three-day meet will focus on principles of digital financial inclusion, remittance costs and SME finance availability.

• It began with a symposium followed by a session on the role of digital public infrastructure for enhancing digital financial services.

• State Bank of India, GTX, UIDAI and NABARD among others participated in the symposium highlighting India's digital innovations to further financial inclusion.

• The G-20 delegates visited the stalls at the symposium and discussed digital innovations and initiatives showcasing innovations for digital inclusion of the masses.

• UIDAI Chief Executive Officer (CEO) Saurabh Garg said, through this workshop, digital innovations can help in financial inclusion thereby helping in productivity gains.

• Aadhaar, UPI, Trade Receivables, e-Sign or DigiLocker showcased in the workshop to G20 countries.

• Its purpose is to exchange information so that people of different countries can be benefited.

• During the first month of the G20 presidency, meetings were held in Udaipur, Mumbai and Bengaluru.