Union Minister of State for Finance Dr. Bhagwat Kishanrao Karad on 7th September 2023 said that the central Government is making efforts to see that Fintech is used optimally to take various government schemes to poor people in rural areas.

He was delivering a keynote address at the Global Fintech Fest 2023 in Mumbai on 7th Sep 2023.  Dr. Karad also said that Fintech will play a crucial role in making India the third largest economy from its present position as the fifth largest economy. He said, that the JAM (Jan Dhan, Aadhar, and Mobile) trinity is the key enabler of India’s transformed and well-developed digital landscape.