.............These are great steps forward, but from what we have seen so far, minimum capital requirements for these kinds of entities may be too high to allow real experimentation. The government must work hand-in-hand with the RBI to enable a range of actors to work more effectively and flexibly together, encourage the harmonization of the patchwork of standards, and allow for them to leverage each-others’ expertise and infrastructure to deliver innovative and consumer-centric products to the market. To accelerate financial inclusion in India, the government will need to continue to partner with the RBI,.............
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