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The article talks about moving from financial inclusion to financial integration. India as an economy has certainly progressed on financial inclusion but lacks when it comes to financial integration. This can be made possible only when the financial products are made accessible relevant, applicable, and acceptable.
The challenges could range from lack of capital, challenging regulatory oversight, limited risk appetite etc. What we need is the customised or tailor-made products according to the different sections of society and not the one-size-fits-all approach. Also using the power of machine learning and cloud infrastructure can significantly change the game.
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