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Success or failure of an innovation also depends upon use of technology and this can be said more specifically in the context of innovations in the financial sector in India. Starting from Pradhan Mantri Jan Dhan Yojana to Pradhan Mantri MUDRA Yojana or even Goods and Services Tax (GST) all are being implemented with the help of information technology making them emphatic and more importantly cost-effective, both for the Government as well for the masses. Most of these innovations are complimenting each other and thus providing a bigger basket of schemes for welfare of the common man.
Recent innovations in financial and banking sectors which have impacted the economy and benefited the common man:
These financial innovations have made life made easier for a larger section of people. And the best thing is that changes are being incorporated based on field experience making these schemes more effective.
By: DATTA DINKAR CHAVAN ProfileResourcesReport error
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