Ajay Desai: Enabling Access to Financial Services in Rural India
Ajay: Thanks for having me, Spiffy! Frugal Innovations for Financial Inclusion (FI4FI) is my motto and mission. I help enable easy access to financial services for Indians, especially from villages. Entrepreneurs in rural India, especially the women, struggle to obtain enough credit to run a viable business, be it farming, dairy, or other enterprises. Credit is the most vital external input for them as it enables them to convert other resources like time, skill, and raw material into valuable products which become a source of income. Besides credit, they need other financial products including insurance, investment, and pension.