About

As a designated Centre of Excellence, this Centre strengthens IITDM Vizag’s domain focus on inclusive finance, digital financial literacy, and equitable access to financial services.

Why Financial Inclusion?

• India is a global leader in advancing financial inclusion
• Over 500 million Jan Dhan accounts opened
• Supported by national programs like PMJDY, DBT, and JAM Trinity
• Boosted by the Digital India Mission
• Supports Andhra Pradesh’s Financial Inclusion and Credit Outreach Programs

Mission of the Centre

To integrate financial technology and education with inclusive financial strategies, addressing:

• Financial literacy and education
• Access to banking, credit, and insurance in rural areas
• Behavioral finance research and economic impact analysis
• Fintech-driven inclusion and regulatory support

Expanding into Digital Financial Technology

Industry Potential:

• India’s digital financial services market projected to grow at over 20% CAGR by 2030

Supported by:

• RBI’s Financial Inclusion Strategy (2019-24)
• Digital India Mission
• Andhra Pradesh’s rural financial outreach programs

Initiatives:

• Financial literacy programs for SHGs, MSMEs, and underserved groups
• Skill development in digital banking, UPI, and mobile financial tools
• Research on financial behavior and digital access gaps
• Advisory support on public policy and regulatory development
• Partnerships with banks, fintechs, NBFCs, and NGOs

Partnerships & Impact

The Centre works closely with financial institutions, government agencies, and social enterprises to promote nationwide financial empowerment - reducing inequalities, enhancing participation, and shaping inclusive financial policies.