Fintech sets path to financial inclusion: Modi

Singapore

NO emerging enterprise should be made "stillborn" from being cut off from credit, said Indian Prime Minister Narendra Modi, as he outlined ways in which India is boosting financial inclusion for both small businesses and consumers.

Speaking at the Singapore FinTech Festival on Wednesday, Mr Modi said financial inclusion has become a reality in India, following the launch of the world's largest biometric identification system in 2009.

The Aadhaar programme has generated more than 1.2 billion biometric identities. These come in the form of a 12-digit unique identity numbe…