Vakrangee Leads Financial Inclusion Initiative in Rural India
MUMBAI, India, Jan. 29, 2020 /PRNewswire/ -- Grant Thornton has done a detailed study and released a report on ‘Financial Inclusion and Rural India – Banking & ATM sector in India’.
Financial inclusion is the key to bridging the social divide and achieving a well distributed, robust and sustainable economic growth. India is the 7th largest economy globally and with a population of more than 1.2 billion people whereby over 2/3rd population residing in rural villages and small town spread over 6,00,000 villages and 640 districts.
The recent initiatives of the Government and RBI have widened the reach of Financial services in far and remote areas by allowing private players to act as Business correspondents and non-bank entities to set up white label ATMs (WLA) across the country.
Vakrangee has emerged as a leading player at the forefront of driving financial and social inclusion in Rural India. The key highlights and observations from the Grant Thornton report are as follows –
Link to the Grant Thornton Report : https://www.grantthornton.in/globalassets/1.-member-firms/india/assets/pdfs/financial-inclusion-in-rural-india-28-jan.pdf
About Vakrangee Limited (BSE: 511431) (NSE: VAKRANGEE)
Vakrangee is a unique technology driven company focused on building India’s largest network of last-mile retail outlets to deliver real-time Banking, ATM, e-governance, e-commerce and logistics services to the unserved rural, semi-urban and urban markets.
SOURCE Vakrangee Limited