Government of India and ADB Sign $23 Million Loan Agreement to Strengthen Fintech Ecosystem in India
The Union Government of India, in collaboration with the Asian Development Bank (ADB), has finalized a $23 million loan agreement aimed at bolstering the fintech landscape within the country. The agreement targets the enhancement of access to quality fintech education and innovation, particularly within the Gujarat International Finance Tec-City (GIFT-City).
The Central Government of India and the Asian Development Bank (ADB) officially sealed the $23 million loan agreement at the Gujarat International Finance Tec-City. The primary objective of this agreement is to fortify the fintech ecosystem across India.
Under this agreement, the Ministry of Finance will spearhead the establishment of an International Fintech Institute (IFI). The IFI’s core focus will be on strengthening fintech education, amplifying start-up success rates, and fostering fintech research and innovation. These initiatives are anticipated to catalyze employment opportunities, enhance workforce competitiveness, and drive productivity in new and green technologies.
India has introduced the revised Wholesale Price Index (WPI) series with the base year of…
Honorable Prime Minister Narendra Modi was conferred with the Slovakia’s highest national honour, i.e. The…
From premium watches and jewellery to eyewear and smart wearables, Titan has become India's one…
National News FSSAI Regulates Healthy and Organic Food Claims on Packaged Foods The Food Safety…
India and France have strengthened the innovation-driven cooperation by launching the India-France ATL Bridge which…
The 16th BRICS Agriculture Ministers Meeting concluded in Indore, Madhya Pradesh and unanimously adopted the…