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Startup Turned PSU: How NeSL Is Making Financial Inclusion A Reality?

Wondering how organisations like NeSL work? To understand the functioning and role of NeSL in the financial inclusivity of India, TICE recently got into an exclusive conversation with NeSL.

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Shreshtha Verma
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In the fast-paced world of India's digital growth, making sure everyone gets a slice of the financial pie is a big deal. With a burgeoning population and ambitious economic targets, the need to extend the benefits of growth and prosperity to the masses has never been more pressing. But no doubt, the government has taken up this responsibility just right. With more than 50 crore Jandhan accounts, 135.2 crore Aadhar resgitered citizens and affordable mobile data, today almost every Indian is financially empowered.

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Well! not just the, even the startups and PSUs are playing a crucial role in making India financially inclusive and among one such players is National E-Governance Services Limited (NeSL), which started as a startup and has now become a Public Sector Undertaking (PSU). 

Wondering how organisations like NeSL work? To understand the functioning and role of NeSL in the financial inclusivity of India, TICE recently got into an exclusive conversation with Mr. Debajyoti Ray Chaudhuri, Md & CEO, National E-Governance Services Limited.

In this interview, he sheds light on the remarkable journey of NeSL. He underlined NeSL's distinctive dual role as both a startup and a Public Sector Undertaking (PSU), stating, "We consider ourselves a startup because this is an innovative idea. What we are as a concept has no parallel anywhere in the world."

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Check out our conversation with Debajyoti Ray Chaudhuri, Md & CEO, National E-Governance Services Limited here:

NeSL: Blending Innovation with Public Service

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Ray spilled the beans on their journey. He pointed out that what NeSL is doing is pretty unique globally. Being a PSU means they're not just about business; they're on a mission to help the country grow. It's like a startup with a superhero cape, working for the people.

Chaudhuri talked about NeSL jumping into action to fix the money gap. Thanks to initiatives like Aadhar, Jandhan, and the mobile revolution, they're laying the groundwork for financial inclusion, which they call "Jam." During COVID times, these schemes were like superheroes helping out. NeSL is also figuring out ways to help the less fortunate build assets with various plans and policies.

How NeSL Keeps Up with the Fast-Changing Game?

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With technology evolving at warp speed, Chaudhuri highlighted how NeSL is all about keeping your info safe. They're not just about making money; they're also building a national tech hub. NeSL stays updated on the latest tech trends, like adopting the JAM framework. It's like using tech to solve real-life problems.

Chaudhuri admitted that tech has its challenges. Things like changes in biometrics, cyber threats, and not-so-great mobile connections are on their radar. NeSL rolls with the punches, adapting to changes in laws and seeing challenges as chances to grow.

Closing the chat, Chaudhuri had a message for the dreamers out there: "You need passion and consistency for entrepreneurship. Hard work has no shortcuts."

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As NeSL continues its journey, it's not just a startup – it's a superhero startup, making sure everyone gets a fair shot at financial success in India.

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