The Global Partnership for Financial Inclusion (GPFI), launched in 2010, carries the mission of ensuring comprehensive financial inclusion. The platform for the G20 countries, non-G20 countries and pertinent stakeholders also aims to execute the G20 Financial Inclusion Action Plan (readied at the G20 Summit in Seoul). The Germany GPFI Presidency in 2017 was held with the theme, “Sustainable and Responsible Financial Inclusion of Forcibly Displaced Persons.” In 2018, the Argentina GPFI Presidency was held with the theme, “Building Consensus for Fair and Sustainable Development.” Building on the German and Argentina themes, in 2019, the Japan GPFI presidency fulfils the troika (of immediately preceding, present, and future presidency nations) of GPFI partnerships with the theme, “Aging and Financial Inclusion.” The G20 Leaders’ Summit 2019 will be held on June 28 – 29 in Osaka, Japan. Financial inclusion is essential for elevating livelihoods of the deprived and the elderly population. Continue reading “GPFI 2019 Japan: Elderly Financial Inclusion & India”
Introduction: The Milieu
The 1990s witnessed the advent of microfinance at the mainstream in international development policies. There was a prime focus on market development by private financial firms. As the decade of the 2000s approached, the ambience of state legitimacy (via policies and strategies of financial inclusion) made its way. The warranted summoning of government interference is owing to the (still incumbent) ailing realities shaped by the worrying existence of social and geographical inequalities, gender biases, etc. With this stance, financial inclusion is envisioned as an instrument to establish, transform, and reinforce state institutions. The deployment of financial inclusion (social) policies in India is meant to facilitate access to marginalised (susceptible) populations of afresh rights and inclusivity. Also, such social policies having financial inclusivity agenda at the core could also promote the incoming of new alternatives to organise the behaviour of recipient (fragile) segment of the society.