Innovation, Efficiency and Inclusion: Integration of digital technologies in the Indian microfinance sector

Saon Ray, Sandeep Paul and Smita Miglani

Indian Council for Research on International Economic Relations (ICRIER) Working Paper from Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India

Abstract: Digital technologies are rapidly making inroads into all realms of human life and the microfinance sector is one such area. Ongoing innovations in digital technology are contributing to reshaping its operational models, governance structures, its risk profile, industry networks and dominant practices. Innovation and integration of digital technology are both important because of their potential to promote development by spurring innovation, improving efficiency and increasing inclusion. This paper explores how these mechanisms – innovation, inclusion and efficiency – have been integral to microfinance operations in the past, and how innovations in digital technology may be yet another opportunity for microfinance institutions to promote development. We refer to examples from the Indian microfinance industry to explore how the digital technology changes are shaping the microfinance sector.

Keywords: Digital innovation; Digital technologies; Microfinance; icrier (search for similar items in EconPapers)
Pages: 20 page
Date: 2018-10
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://icrier.org/pdf/Working_Paper_366.pdf (application/pdf)

Related works:
Working Paper: Innovation, Efficiency and Inclusion: Integration of Digital Technologies in the Indian Microfinance Sector (2019)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bdc:wpaper:366

Access Statistics for this paper

More papers in Indian Council for Research on International Economic Relations (ICRIER) Working Paper from Indian Council for Research on International Economic Relations (ICRIER), New Delhi, India
Bibliographic data for series maintained by Chhaya Singh ().