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Digital Payment Vortex of India: A Cul-de-sac for the Poor

Journal of Rural and Industrial Development

Volume 8 Issue 2

Published: 2020
Author(s) Name: Ayush Tiwari | Author(s) Affiliation: Student, University of Petroleum and Energy Studies, Dehradun, Uttarakhand, India
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Abstract

For financial inclusion and support in the rural areas, the way forward to reaching our country’s objectives and goals is the difficult step of introducing electronic payment systems. This is the right time to take corrective measures and make a successful beginning among the rural population to reach these goals; information, communication, and technology departments are now available, and with the help of monetary policies, rural sectors can have the desired and required infrastructure. After building the necessary infrastructure, these sectors can offer well-functioning, reliable services and facilities. The ability to build an ICT infrastructure not only stabilizes the urban sectors, but also opens up opportunities for rural sectors in terms of agriculture, education, health facility, emergency services, and a better understanding of the payment system. This can be achieved if the nation truly wants to and makes the effort.

Keywords: Rural Sector, Payment System, Infrastructure, ICT, Financial Support

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