Digital transformation enhances financial inclusion if it effectively reaches the most vulnerable and financially underserved, including micro and small enterprises, and if these individuals and businesses are equipped with the financial competences that allow them to make informed decisions.
On an aggregate basis, states’ gross borrowings are budgeted to rise to ` 5.5 lakh crore or 2.9 per cent of GDP, while net borrowings are expected to rise to ` 4.2 lakh crore or 2.3 per cent of GDP in 2018-19.