“India's FinTech revolution is improving financial inclusion as well as driving innovation”
“India's FinTech diversity amazes everyone”
“Jan Dhan Yojana has been pivotal in boosting financial inclusion”
“UPI is a great example of India's FinTech success”
“Jan Dhan Program has laid strong foundations of financial empowerment of women”
“Transformation brought about by FinTech in India is not limited to just technology. Its social impact is far-reaching”
“FinTech has played a significant role in democratizing financial services”
“India's Fintech ecosystem will enhance the Ease of Living of the entire world. Our best is yet to come”

Namaskar!

RBI Governor Shri Shaktikanta Das ji, Shri Kris Gopalakrishnan, esteemed members of the regulatory bodies, distinguished leaders of the finance industry, my friends from the Fintech and start-up sectors, and all other dignitaries, ladies and gentlemen!

Bharat is currently in the midst of the festive season, having just celebrated Janmashtami. The joy is palpable, with a festive spirit evident in both our economy and our markets. It is in this celebratory atmosphere that we are hosting the Global Fintech Festival, and what better place for such an event than the city of dreams, Mumbai? I extend my warmest greetings and welcome to all the guests who have travelled here from across the country and the world. Prior to arriving here, I had the opportunity to visit various exhibitions and engage with numerous friends. There, I witnessed a whole new world of innovation led by our youth, brimming with future possibilities. To align with your work, let me rephrase: a whole new world is indeed emerging. I congratulate the organizers of this festival and everyone involved.

Friends,

We also have a significant number of international guests among us. There was a time when visitors to Bharat were awestruck by our rich cultural diversity. Now, when people come to Bharat, they are equally amazed by our Fintech diversity. From the moment they land at the airport to their experiences with street food and shopping, the Fintech revolution in Bharat is apparent everywhere.

Over the past 10 years, more than 31 billion dollars have been invested in the Fintech sector. In the same period, our Fintech startups have increased by 500 per cent. Affordable mobile phones, low-cost data, and zero-balance Jan Dhan bank accounts have worked wonders in Bharat. Some of you may recall that, not so long ago, there were sceptics who questioned how a Fintech revolution could possibly occur in Bharat. They asked, even in Parliament, and these were people who considered themselves highly knowledgeable. They questioned how this revolution could happen when there weren’t enough banks or branches in every village, when internet access was limited, and when electricity supply was unreliable, leading them to wonder where people would even recharge their devices and how the Fintech revolution would happen? These questions were directed at me. But look at where we are today. In just a decade, broadband users in Bharat have increased from 60 million or 6 crore to 940 million or 94 crore. Today, it is rare to find an Indian adult without a digital identity, an Aadhaar card. Furthermore, over 530 million people now have Jan Dhan bank accounts. This means that, in the span of 10 years, we have connected a population equivalent to that of the entire European Union to the banking system.

Friends,

The trinity of Jan Dhan, Aadhaar, and Mobile has catalyzed yet another transformation. There was a time when people believed that 'Cash is King.' Today, nearly half of the world's real-time digital transactions occur in Bharat. Bharat's UPI has become a shining example of Fintech innovation globally. Whether in a village or a city, whether in the sweltering heat of summer or the chill of winter, come rain or snow, banking services in Bharat operate 24 hours a day, seven days a week, 12 months a year. Even during the severe crisis of the COVID-19 pandemic, Bharat stood among the few countries where banking services continued uninterrupted.

Friends,

Just a few days ago, the Jan Dhan Yojana marked its 10th anniversary. The Jan Dhan Yojana has emerged as a powerful tool for women's empowerment. Thanks to this scheme, more than 290 million or 29 crore women have opened bank accounts, creating new avenues for savings and investments. Building on the philosophy of these Jan Dhan accounts, we launched the largest microfinance scheme, Mudra. To date, over Rs 27 trillion in credit have been disbursed through this scheme, with approximately 70 per cent of the beneficiaries being women. The Jan Dhan accounts have also integrated women's self-help groups into the banking system. Today, 10 crore rural women across the country are reaping the benefits. Thus, the Jan Dhan programme has laid a solid foundation for the financial empowerment of women.

Friends,

The parallel economy has long been a significant concern worldwide. Fintech has played a crucial role in combating the parallel economy, and you deserve to be congratulated for this achievement. We have witnessed how digital technology has brought transparency to Bharat. Today, direct benefit transfers are made under hundreds of government schemes, effectively eliminating leakage from the system. People now recognize the value of participating in the formal economy.

Friends,

The transformation brought about in Bharat by FinTech extends far beyond technology; its social impact is vast. It is helping to bridge the gap between rural and urban areas. In the past, accessing banking services could take an entire day, posing a significant challenge for farmers, fishermen, and middle-class families. FinTech has resolved this issue. Previously, banks were confined to physical buildings; today, they are accessible on the mobile devices of every Indian.

Friends,

FinTech has also played a significant role in democratizing financial services. Products such as loans, credit cards, investments, and insurance are becoming increasingly accessible to everyone. FinTech has made access to credit easier and more inclusive. Let me provide an example. In Bharat, there is a long-standing tradition of street vendors, but they were previously excluded from formal banking. FinTech has changed this situation. Today, these vendors can obtain collateral-free loans through the PM SVANidhi Yojana, and based on their digital transaction records, they can secure additional loans to grow their businesses. In the past, investing in shares and mutual funds was primarily limited to major cities. Now, even those in villages and small towns are increasingly exploring these investment opportunities. Today, demat accounts can be opened from home within minutes, and investment reports are readily available online. A large number of Indians now access remote healthcare services, study online, and learn new skills digitally—none of which would have been possible without FinTech. In essence, Bharat's FinTech revolution is playing a crucial role in enhancing both the Dignity of Life and Quality of Life.

Friends,

The success of Bharat's FinTech revolution is not only a result of innovation but also of widespread adoption. The speed and scale at which the people of Bharat have embraced FinTech are unparalleled. Much of the credit for this goes to our Digital Public Infrastructure (DPI) and our FinTechs. Remarkable innovations have been made in the country to build trust in this technology. The use of sound boxes alongside QR codes is one such innovation. Our FinTech sector should also study the government's Bank Sakhi programme. I would like to share a story with the FinTech youth: During a visit to Jalgaon, I met some of these Bank Sakhis. One of them proudly told me that she conducts business worth Rs 1.5 crore every day. What confidence—and she was a woman from a village! The way our daughters have spread banking and digital awareness in every village has opened up new markets for FinTech.

Friends,

The world of the 21st century is evolving at an unprecedented pace. The journey from traditional currency to QR codes took centuries, but today we witness new innovations almost daily. Concepts like Digital-Only Banks and Neo-Banking are now emerging. Technologies such as Digital Twins are advancing data-driven banking to new heights, revolutionizing everything from risk management and fraud detection to customer experience. I am pleased to see that Bharat is consistently launching new FinTech products. We are developing solutions that, while locally designed, have global applications. For instance, the Open Network for Digital Commerce (ONDC) is making online shopping more inclusive by connecting small businesses and enterprises with significant opportunities. Account aggregators are leveraging data to simplify tasks for individuals and companies. The Trades Platform is enhancing liquidity and cash flow for small organizations. E-Rupi has emerged as a versatile digital voucher, used in various ways. These Indian innovations hold immense value for other countries as well. With this in mind, during our G-20 Presidency, we proposed the creation of a Global Digital Public Infrastructure Repository, a suggestion that was warmly embraced by G-20 members. I also understand the concerns regarding the misuse of AI, which is why Bharat has advocated for the establishment of a Global Framework for the ethical use of AI.

Friends,

To support the FinTech sector, the government is making all necessary policy adjustments. Recently, we abolished the Angel Tax—wasn’t that the right decision? We have also announced the creation of a Rs 1 lakh crore fund to promote research and innovation in the country. Additionally, we have enacted a data protection law. However, I also have some expectations from our regulators. We must take more significant steps to prevent cyber fraud and enhance digital literacy. It is equally crucial to ensure that cyber fraud does not become a barrier to the growth of start-ups and FinTechs.

Friends,

In the past, it used to take 5-7 days for news to spread about a bank being on the verge of collapse, leading to eventual repercussions. Today, if any system detects cyber fraud, the consequences are immediate—the affected company can be finished in minutes. This is especially critical for FinTech. Moreover, cyber solutions have a short lifespan. No matter how advanced a cyber solution may be, it doesn’t take long for dishonest individuals to breach it, leading to its premature obsolescence. Therefore, it is imperative to continually develop new solutions.

Friends,

Today, sustainable economic growth is a top priority for Bharat. We are committed to building robust, transparent, and efficient systems. We are enhancing our financial markets with advanced technologies and regulatory frameworks, while also supporting sustainable growth through Green Finance. Our focus is on financial inclusion and achieving comprehensive saturation in this area. I am confident that Bharat's FinTech ecosystem will play a crucial role in our mission to provide a high-quality lifestyle to the people of Bharat. I am equally confident that Bharat's FinTech ecosystem will contribute to improving the ease of living across the globe. My trust in the talent of our youth is immense, and I say this with great conviction—our best is yet to come.

This is your fifth event, correct? So, I look forward to attending the tenth one as well. You may not have envisioned reaching such heights, but you will, friends. Today, I had the opportunity to meet with some of your start-up teams. While I couldn’t meet everyone, I did interact with a few individuals. I assigned each of them 10 tasks because I recognize the immense potential of this sector—it is poised to bring about significant change, friends. A major revolution is underway, and we can already see its strong foundation being laid here. With this confidence, I extend my best wishes to all of you. Thank you very much!

We took this photo at the request of Shri Krishna Gopal, and you might be wondering about its significance. Let me explain the benefit—I am someone who is connected to the world of AI. If you go to the Namo app, navigate to the photo division, and save your selfie there, you will find that wherever you appear with me today, you will be able to access that photo.

Thank you!

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PM Modi inaugurates New Terminal Building of Lokapriya Gopinath Bardoloi International Airport in Guwahati, Assam
December 20, 2025
Modern airports and advanced connectivity infrastructure serve as gateways to new possibilities and new opportunities for any state: PM
Today, Assam and the entire North East are emerging as the new gateway to India's development: PM
The North East will lead India's future growth: PM

Marking a transformative milestone in Assam’s connectivity, economic expansion and global engagement, Prime Minister Shri Narendra Modi inaugurated the New Terminal Building of Lokapriya Gopinath Bardoloi International Airport in Guwahati today. Addressing the gathering on the occasion, Shri Modi said that today marks the festival of development and progress of Assam and the North East. He highlighted that when the light of progress reaches people, every path in life begins to touch new heights. The Prime Minister further remarked that his deep attachment to the land of Assam, the love and affection of its people, and especially the warmth and belongingness of the mothers and sisters of Assam and the Northeast continuously inspire him and strengthen the collective resolve for the development of the region. He highlighted that today once again a new chapter is being added in Assam’s development. Referring to Bharat Ratna Bhupen Hazarika’s lines, Shri Modi emphasized that this means the banks of the mighty Brahmaputra river will shine, every wall of darkness will be broken, and this will certainly happen as it is the nation’s resolve and solemn pledge.

Highlighting that Bhupen Hazarika’s lines were not merely a song but a solemn resolve of every great soul who loved Assam, and today this resolve is being fulfilled, Shri Modi remarked that just as the mighty currents of the Brahmaputra never stop, similarly under their governments at the Union and State, the stream of development in Assam continues uninterrupted. He stated that the inauguration of the new terminal at the Lokapriya Gopinath Bardoloi Airport stands as proof of this commitment, and extended congratulations to the people of Assam and the nation for this new terminal building.

The Prime Minister further remarked that a short while ago he had the privilege of unveiling the statue of Gopinath Bardoloi, Assam’s first Chief Minister and a source of pride for the state. He emphasized that Shri Bardoloi never compromised on Assam’s identity, future, and interests, and his statue will continue to inspire future generations, instilling in them a deep sense of pride for Assam.

“Modern airport facilities and advanced connectivity infrastructure serve as gateways to new possibilities and opportunities for any state, and stand as pillars of growing confidence and trust among the people”, exclaimed the Prime Minister. He remarked that when people witness the construction of magnificent highways and airports in Assam, they themselves acknowledge that true justice for Assam has finally begun. He contrasted this with the past, stating that for the previous governments, the development of Assam and the Northeast was never on their agenda. He noted that leaders in those governments used to say, “Who even goes to Assam and the Northeast?” and questioned the need for modern airports, highways, and better railways in the region. The Prime Minister emphasized that this mindset led the opposition to neglect the entire region for decades.

Pointing out that the mistakes committed by the opposition over six to seven decades are being corrected one by one under his leadership, Shri Modi stated that whether opposition leaders visit the Northeast or not, he himself feels a sense of belonging among his own people whenever he comes to Assam and the region. He emphasized that for him, the development of Assam is not only a necessity but also a responsibility and an accountability. The Prime Minister highlighted that in the past eleven years, development projects worth lakhs of crores of rupees have been initiated for Assam and the Northeast. He noted that Assam is progressing further and creating new milestones, mentioning with satisfaction that Assam has become the number one state in the country to implement the Bharatiya Nyaya Sanhita. He added that Assam has also set a record by installing more than 50 lakh smart prepaid meters. He contrasted this with the previous dispensation era, when obtaining a government job without bribes or recommendations was impossible, and underlined that today thousands of youth are getting jobs without such practices. Shri Modi further highlighted that under their government, Assam’s culture is being promoted on every platform. He recalled the historic event of 13 April 2023, when more than 11,000 artists performed the Bihu dance together at the Guwahati stadium, an achievement that was recorded in the Guinness World Records. He remarked that by creating such new records, Assam is moving forward rapidly.

Underlining that with this new terminal building, the capacity of Guwahati and Assam will increase significantly, enabling more than 1.25 crore passengers to travel annually, Shri Modi highlighted that this will also allow a large number of tourists to visit Assam and make it easier for devotees to have darshan of Maa Kamakhya. He stated that stepping into this new airport terminal clearly reflects the true meaning of the mantra of development along with heritage. The Prime Minister emphasized that the airport has been designed keeping in mind Assam’s nature and culture, with greenery inside and arrangements resembling an indoor forest. He noted that the design is connected to nature all around so that every passenger feels peace and comfort. He further highlighted the special use of bamboo in the construction, underscoring that bamboo is an integral part of life in Assam, symbolizing both strength and beauty. Shri Modi also recalled that their government in a landmark move in 2017, amended the Indian Forest Act, 1927, to legally reclassify bamboo grown in non-forest areas as a "grass" instead of a "tree". This move, he said, has led to the creation of a wonderful structure in the form of a new Terminal today.

Underscoring the development of infrastructure carries a very significant message, the Prime Minister highlighted that it boosts industries, gives investors confidence in connectivity, and opens pathways for local products to reach global markets. He emphasized that the greatest assurance is given to the youth, for whom new opportunities are created. “Today, Assam is seen advancing on this very flight of limitless possibilities”, stated the Prime Minister.

Shri Modi remarked that today the world’s perspective towards India has changed, and India’s role has also transformed. He highlighted that India is now on the path to becoming the world’s third-largest economy. He questioned how this was achieved within just 11 years and emphasized that the development of modern infrastructure has played a major role. The Prime Minister stated that India is preparing for 2047, focusing on infrastructure to fulfill the resolve of a developed nation. He underlined that the most important aspect of this grand development campaign is the participation of every state and every region. He noted that the government is prioritizing the underprivileged, ensuring that every state progresses together and contributes to the mission of a developed India. He expressed happiness that Assam and the Northeast are leading this mission. Shri Modi highlighted that through the Act East Policy, the Northeast has been given priority, and today Assam is emerging as India’s Eastern Gateway. He remarked that Assam is playing the role of a bridge connecting India with ASEAN countries. He affirmed that this beginning will go much further, and Assam will become an engine of developed India in many sectors.

“Assam and the entire Northeast are becoming the new gateway of India’s development,” emphasised Shri Modi, highlighting that the vision of multi-modal connectivity has transformed both the condition and direction of this region. He stated that the pace of building new bridges in Assam, the speed of installing new mobile towers, and the momentum of every development project are turning dreams into reality. He emphasized that the bridges built over the Brahmaputra have given Assam new strength and confidence in connectivity. The Prime Minister pointed out that in the six to seven decades after independence, only three major bridges were built here, but in the last decade four new mega bridges have been completed, along with several historic projects taking shape. He noted that the longest bridges such as Bogibeel and Dhola-Sadiya have made Assam strategically stronger. He underlined that railway connectivity has also undergone a revolutionary change, with the Bogibeel Bridge reducing the distance between Upper Assam and the rest of the country. He remarked that the Vande Bharat Express running from Guwahati to New Jalpaiguri has reduced travel time. Shri Modi further highlighted that Assam is also benefiting from the development of waterways, with cargo traffic increasing by 140 percent, proving that the Brahmaputra is not just a river but a flow of economic power. He stated that the first ship repair facility is being developed at Pandu, and the enthusiasm around the Ganga Vilas Cruise from Varanasi to Dibrugarh has placed the Northeast firmly on the global cruise tourism map.

Criticizing the previous governments for keeping Assam and the Northeast away from development, Shri Modi said the nation had to pay a heavy price in terms of security, unity, and integrity. He highlighted that under opposition rule, violence thrived for decades, whereas in the last 10–11 years efforts are being made to end it. He stated that where once violence and bloodshed prevailed in the Northeast, today digital connectivity through 4G and 5G technology is reaching these areas. The Prime Minister emphasized that districts once considered violence-affected are now developing as aspirational districts, and in the coming times these very regions will become industrial corridors. He underlined that a new confidence has arisen regarding the Northeast, and stressed the need to strengthen it further.

The Prime Minister remarked that success in the development of Assam and the Northeast is also being achieved because the government is safeguarding the identity and culture of the region. He highlighted that the opposition by conspiring to erase this identity, and this conspiracy was not limited to just a few years. He stated that the roots of this wrongdoing go back to the pre-independence era, when the Muslim League and the British government were preparing the ground for India’s partition, and at that time there was also a plan to make Assam a part of undivided Bengal, that is, East Pakistan. Shri Modi noted that Congress was going to be part of this conspiracy, but Shri Bardoloi ji stood against his own party, opposed this plot to destroy Assam’s identity, and saved Assam from being separated from the country. He emphasized that their party rises above party lines to honor every patriot, and under the leadership of Shri Atal Bihari Vajpayee ji, when their government came to power, Bardoloi ji was conferred the Bharat Ratna.

The Prime Minister remarked that while Shri Bardoloi ji had saved Assam before independence, the first ruling dispensation in the post- independence era once again began anti-Assam and anti-national activities thereafter. He highlighted that they conspired to expand their vote bank through religious appeasement, giving free rein to infiltrators in Bengal and Assam. He stated that the region’s demography was altered, and these infiltrators encroached upon forests and lands. The Prime Minister emphasized that as a result, the security and identity of the entire state of Assam were put at risk.

Shri Modi remarked that the government under Shri Himanta Biswa Sarma is working diligently to free Assam’s resources from illegal and anti-national encroachments. He highlighted that efforts are being made at every level to ensure Assam’s resources benefit the people of Assam. He stated that the Union government has also taken strict measures to stop infiltration, with identification processes underway to remove illegal infiltrators.

The Prime Minister emphasized that the Opposition and their alliance have openly adopted anti-national agendas, even as the Supreme Court has spoken about removing infiltrators. He noted that these parties are issuing statements in defense of infiltrators, and their lawyers are pleading in court to settle them. He remarked that when the Election Commission is conducting the SIR process to ensure fair elections, these groups are opposing it. The Prime Minister underlined that such people will not protect the interests of Assamese brothers and sisters, and will allow others to occupy their land and forests. He warned that their anti-national mindset could recreate the violence and unrest of earlier times. He stressed that it is therefore essential to remain vigilant, for the people of Assam to stay united, and to continue defeating the Opposition's conspiracies to prevent Assam’s development from being derailed.

“Today the world is looking towards India with hope, and the new sunrise of India’s future is to begin from the Northeast’, affirmed Shri Modi. He highlighted that for this, collective efforts are required to work towards shared dreams, with Assam’s development kept at the forefront. He expressed confidence that these joint endeavors will take Assam to new heights and fulfill the vision of a developed India. Concluding his remarks, the Prime Minister once again extended congratulations on the inauguration of the new terminal.

Governor of Assam, Shri Lakshman Prasad Acharya, Chief Minister of Assam, Shri Himanta Biswa Sarma, Union Ministers, Shri Sarbananda Sonowal, Shri K Rammohan Naidu, Shri Murlidhar Mohol, Shri Pabitra Margherita were present among other dignitaries at the event.

Background

The newly completed Integrated New Terminal Building Of Lokapriya Gopinath Bardoloi International Airport in Guwahati, spread over nearly 1.4 lakh square metres, is designed to handle up to 1.3 crore passengers annually, supported by major upgrades to the runway, airfield systems, aprons and taxiways.

India’s first nature-themed airport terminal, the airport’s design draws inspiration from Assam’s biodiversity and cultural heritage under the theme “Bamboo Orchids”. The terminal makes pioneering use of about 140 metric tonnes of locally sourced Northeast bamboo, complemented by Kaziranga-inspired green landscapes, japi motifs, the iconic rhino symbol and 57 orchid-inspired columns reflecting the Kopou flower. A unique “Sky Forest”, featuring nearly one lakh plants of indigenous species, offers arriving passengers an immersive, forest-like experience.

The terminal sets new benchmarks in passenger convenience and digital innovation. Features such as full-body scanners for fast, non-intrusive security screening, DigiYatra-enabled contactless travel, automated baggage handling, fast-track immigration and AI-driven airport operations ensure seamless, secure and efficient journeys.