ACCELERATING G2P PAYMENT DIGITIZATION: LESSONS FROM THE FIELD

Social protection programs help government to alleviate poverty and reduce inequality. As a result, budgetary allocations of Social Safety Net Programs have grown in absolute terms as well as a share of GDP, from 1.3 percent of GDP in 1998 to 2.53 percent in FY2018-19. SSNPs now account for 13.81% of government’s total spending and reflects the high priority accorded by Government to this aspect of the social development policy. There are at present 140+ SSN programmes being administrated in the country by 23 Ministries and Divisions. Over a five-year period, there has been substantial expansion in the coverage of safety nets and cash transfer programs.

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The Digital Financial Services (DFS) Lab of a2i works with government bodies, development partners, financial service providers, and other stakeholders to promote digital financial service and create DFS access points for the rural poor and unbanked.

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