Inclusive Finance with Money through Mobile (mTm)

Inclusive Finance with Money through Mobile mTm for Poverty Eradication and Nation Building.  

Short link:

By, P. Abraham Paul.


Introduction:  India is a young nation in continuous process of development. In spite of challenges that are unparalleled, our achievements are laudable.

 However, the fruits of democracy are yet to reach all sections of society.

Economic gap between rich and poor need to be narrowed down considerably. One of the ways to achieve it is Financial Inclusion of people in the lower strata.


There was some good news that according to some recent  statistics, poverty had come down in last few years. Even taking it at face value, it is still pathetic to know that about 25% of Country’s population are living in acute poverty. Poverty eradication


Urgent need of the day is to take care of them first and then raise the index progressively; according to resources that country can afford. The first thing Government need to do towards it is to identify and know the poor in he country, quantify and classify them, with minimum flaws. Hope Aadhaar will be of help in this area  spite of its teething problems.

Embracing technology based solutions is the key to open out Inclusive Finance. IT being one thing India is strong at; realization of mTm can be easily done. Slide11

Money through Mobile is one such readily implementable technology solutions.

Please see my article on ‘Money through Mobile (mTm) for Inclusive Growth in the following link.

Theme: Embrace technology solutions for realizing Financial Inclusion.

Scrap all subsidies to those who can afford without it. Use Direct Benefit Transfer route in lieu various subsidies to poor, and stop problem ridden Public Distribution system progressively using technology solutions such as Money through Mobile mTm as explained in my blogs above.

Mobilize and regulate Mobile Money Management using mTm.

India will soon have a billion phones (Mobile + landlines). An average money management of Rs. 10,000/- per month per phone will amount to  country wide virtual money transaction of Rs. 120,000 billion which is above seven times of this years’ Union budgetary provision. It is time for Government /RBI to consider  impact of that sort of virtual money movement can contribute to Indian economy and quickly mobilize and regulate it and tap its potential before it is too late.

Other blogs related to this topic can be seen in the following links:

1. Universal Exclusive Money Management by phone.

2. Phones can save fuel, time and efforts, space and reduce cost of printing money.

3. Universal Money Management by Phones for Financial inclusion, mCommerce and mGovernance.

For more information on the subject Mailto:

or tweet: @PA_Paul


About Abraham Paul

Vision & Objective: Telecom has always been the passion of my life. After 60 years of outstanding career and many personal contributions to the industry, I still have same urge, and desire to give back to the industry, the abundant experience, knowledge and potential acquired, by providing consultancy service to forward looking enterprises and entrepreneurs in Legacy and New generation Telecom & IT in the areas of Business Management, Technology, Engineering and Services. Apolitical and religiously unbiased.
This entry was posted in IT based services, Life science technologies, Personal messages and other, Politics & Governance, Social and Community affairs, Telecom Technology. Bookmark the permalink.

One Response to Inclusive Finance with Money through Mobile (mTm)

  1. papaulsblog says:

    @PO_India @RBI_India #Rahul Gandhi may not be very good orator. But other than cynics, everyone will agree that growth sans inclusiveness is unworthy to chase. Technology can be of help.

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