I n another major step towards ease of living for the common citizens, the Prime Minister Narendra Modi has dedicated 75 Digital Banking Units (DBU) across 75 districts to the nation. Through DBU, the government aims to provide maximum services with minimum infrastructure, and all of this will happen digitally without involving any paperwork. It will also simplify the banking procedure while also providing a robust and secure banking system. As the PM put it, people living in small towns and villages will find benefits like transferring money to availing loans. Digital Banking Units are another big step in that direction which is going on in the country to make the life of common man of India easier. The Prime Minister said that the aim of the government is to empower the common citizen and make them powerful, and as a result, policies were made keeping in mind the last person and the entire government moving in the direction of their welfare. He pointed out the two areas on which the government worked simultaneously. First, reforming, strengthening, and making the banking system transparent, and secondly financial inclusion. Recalling the traditional ways of the past where people had to go to the bank, the Prime Minister pointed out that his government has transformed the approach by bringing the bank to the people. “We have given top priority to ensure that banking services reach the last mile”, he said. A huge change from the days when it was expected that poor will go to the bank to a scenario when the banks were going on the doorstep of the poor. This involved reduction of distance between the poor and the banks. “We not only removed the physical distance but, most importantly, we removed the psychological distance.” Highest priority was given to cover far flung areas with banking. Today more than 99 percent of villages in India have a bank branch, banking outlet or a ‘banking mitra’ within 5 km radius. Extensive Post Office network too was harnessed via India Post Banks for providing the banking needs to the common citizen. Today the number of branches per one lakh adult citizens in India is more than countries like Germany, China and South Africa. Despite initial misgivings in certain sections, the Prime Minister said, “today the entire country is experiencing the power of Jan Dhan Bank accounts.” These accounts enabled the government to provide insurance to the vulnerable at a very low premium. This opened the way for loans for the poor without collateral and provided Direct Benefit Transfer to the accounts of the target beneficiaries. These accounts were the key modality for providing homes, toilets, gas subsidy, and benefits of schemes for farmers could be ensured seamlessly. The Prime Minister acknowledged the global recognition for India’s digital banking infrastructure. The IMF has praised India’s digital banking infrastructure. The credit for this goes to the poor, farmers and labourers of India, who have adopted new technologies, made it a part of their lives. UPI has opened up new possibilities for India. When financial partnerships are combined with digital partnerships, a whole new world of possibilities opens up. A huge example like UPI is before us. India is proud of this as it is the first technology of its kind in the world. Today 70 crore indigenous Rupay cards are in operation, a vast change from the days of foreign players and the elite nature of such products. This combination of technology and economy is enhancing the dignity and affordability for the poor and empowering the middle class, while at the same time it is also eliminating the digital divide of the country. He also praised the role of DBT in eliminating corruption and said that more than 25 lakh crore rupees have been transferred in various schemes via DBT.