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@article{190947,
        author = {Nikunj Makwana},
        title = {Role of Digital Financial Tools in improving Financial Inclusion in India},
        journal = {International Journal of Innovative Research in Technology},
        year = {},
        volume = {12},
        number = {no},
        pages = {526-531},
        issn = {2349-6002},
        url = {https://ijirt.org/article?manuscript=190947},
        abstract = {The present research study examines the role played by digital financial tools in enhancing financial inclusion in India. In the rapidly evolving digital era, the Indian financial sector has experienced significant transformations due to the increased adoption of digital financial tools. Tools such as UPI, internet banking, mobile banking, e-wallets and various digital payment systems have gained widespread acceptance among the population. This study provides insights into the level of usage of different digital financial tools among individuals and analyzes the current status of financial inclusion in India along with the growth and expansion of digital financial services. The research is based on secondary data collected from reliable source such RBI report, NABARD, NPCI and relevant research articles. An analytical research design has been adopted for the study. To examine and interpret the data statistical tools such as trend analysis have been employed. The findings indicate that the availability of various financial services through online platforms has enabled individuals to access banking and financial services conveniently from their homes. This has led to improved financial decision making, increased saving, and growth in investment activities. Moreover, the adoption of digital financial tools has resulted in a reduction in both time and cost. The study concludes that the increased usage of digital financial tools has significantly contributed to the enhancement to financial inclusion in India, indicating a strong positive relationship between digitalization and inclusive financial growth.},
        keywords = {Financial inclusion, Digital financial tools, FI- index, RBI, NPCI},
        month = {},
        }