MSMEs (micro, small and medium enterprises) contribute nearly 30% of India's GDP and generate millions of employment opportunities both in urban and rural India.  However, the financial statistics show that merely 39% of businesses get benefits from the much-needed business credit. The problems regarding lack of access to credit may be due to pressure of collateral, low-ticket size, unprofessional way of maintaining financial data and more. 

Designing a reliable Digital Public Infrastructure is crucial for the government to meet their development goals and help the citizens to work and connect better. As societies increasingly rely on digital systems and services, DPIs play a pivotal role in shaping the way citizens work, connect, and interact with the government. Like real roads and bridges help to move things and people, DPIs make the digital paths that support how a country's digital world works.

Do you remember those times when we used to pay some paisa in the corner store for some candies? We have also heard of some people paying in cash for big purchases.

Fast-forward to several years later: the need for small change has completely disappeared in 2020. In 2024, every Indian with a smartphone can take part in the digital economy. 

On January 12th, National Youth Day, let us reflect on the responsibilities and opportunities as young Indians. Amidst career pursuits and dreams, retirement planning is something we tend to completely overlook. Though distant, a plan to secure your future should start early. 

This Youth Day, consider the National Pension System or NPS retirement plan as a valuable tool to start saving for a comfortable retirement. Start now for a secure tomorrow!

In 2023, India experienced noteworthy transformations in its digital and financial landscape. Characterized by a series of regulatory updates that redefined our approach to accessing, managing, and interacting with data, we integrated digital public goods like Aadhaar, UPI, CoWIN, DigiLocker, etc., into our daily routines. As a trailblazer in spearheading digital public infrastructural advancements nationwide, Protean is well-positioned to support these changes and equip individuals with the latest tools and information essential for thriving in this dynamic ecosystem.

How do you plan your tax-saving investments for the year?

As you prepare to file your IT returns, keep in mind that the timely submission of documents supporting your tax-saving investments under Section 80C of the Income Tax Act can help prevent higher TDS deductions.

India has proved its digital expertise by developing Digital Public Goods (DPG) such as the digital identity system "Aadhaar," as well as several DPGs built on top of Aadhaar and the "Unified Payments Interface" commonly known as UPI. Aadhaar has emerged as a critical component in India's public service delivery architecture. UPI has changed the way payments are made.

Forgetting dates can be harmful to your health especially if you forget your spouse’s birthday or anniversary. Not much harm will come to you if you forget to pay your credit card bill or run out of money in your account towards the end of the month. You may just feel tensed upon realising that you need to make an instant arrangement for cash to meet the urgent needs. A quick call to your friends or family may get you out of this situation but you would not want to let the rest of the world know that you are really bad at keeping track of your finances.

Protean eGov Technologies Limited, a leading provider of population-scale Digital Public Infrastructure (DPI), has significantly impacted over a billion through transformative digital services in its 28-year history. 

A pioneer when it comes to verification services, the company first launched eKYC services in the year 2016. Over the last 8 years, Protean has a proven track record of facilitating over 950million+ eKYC transactions and significantly streamlining the online identity verification process.