Indian Start-Up Ecosystem Gains Global Recognition: Union Minister
NDTV
Minister for IT and Communications Ashwini Vaishnaw asked start-ups and entrepreneurs to come out with inclusive new-age solutions to transform the lives of poor and marginalised sections
The Indian start-up ecosystem has gained global recognition and respect, Minister for IT and Communications Ashwini Vaishnaw said today, asking start-ups and entrepreneurs to come out with inclusive new-age solutions to transform the lives of poor and marginalised sections.
Terming start-ups as "accelerators", the minister said the combination of their multiplier force along with the strength of a trusted post office network can yield phenomenal results for financial inclusion goals.
"Understand the gravity of the convergence of humanity and technology...keep the bottom of the pyramid in mind for all programmes...The goal is to reach the last person in the society," the minister said, speaking at the launch of the 'Fincluvation' initiative.
India Post Payments Bank (IPPB), an entity under the Department of Posts (DoP), has launched Fincluvation. It is a joint initiative to collaborate with the fintech start-up community to co-create and innovate solutions for financial inclusion.
