Story perspectives

Modi Champions Fintech Growth and Global Collaboration at Fest

10/10/2025

Summary

Story summary

Prime Minister Narendra Modi spoke at the Global Fintech Fest 2025 in Mumbai, emphasizing India's progress in digital democratization and financial inclusion.
He highlighted the JAM Trinity initiative as a key driver in making financial services accessible to millions.
Modi noted that India's fintech ecosystem ranks among the top three globally and is committed to ethical AI for equitable access.
He invited global investors to collaborate on a sustainable fintech future, with over 100,000 participants attending the event.

History

Historical Context

Launched on August 28, 2014, the Pradhan Mantri Jan Dhan Yojana aimed to enhance financial inclusion in India by opening over 550 million bank accounts linked to Aadhaar and mobile technology, forming the JAM Trinity. This initiative has significantly improved access to financial services and government subsidies, saving approximately INR3.48 lakh crore in leakages by March 2023, underscoring its importance in India's economic development.

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Story summary

Prime Minister Narendra Modi spoke at the Global Fintech Fest 2025 in Mumbai, emphasizing India's progress in digital democratization and financial inclusion.
He highlighted the JAM Trinity initiative as a key driver in making financial services accessible to millions.
Modi noted that India's fintech ecosystem ranks among the top three globally and is committed to ethical AI for equitable access.
He invited global investors to collaborate on a sustainable fintech future, with over 100,000 participants attending the event.

1 / 2