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Detailed explanation-1: -This February, the government picked up the idea and made it a national goal to support financial inclusion, when Finance Minister Nirmala Sitharaman announced the establishment of 75 digital banking units (DBUs) across 75 districts in Budget 2022-23.

Detailed explanation-2: -Recently, the Prime Minister of India has dedicated 75 Digital Banking Units (DBU) across 75 districts to the nation. As part of the Union budget speech for 2022-23, the Finance Minister announced setting up the 75 DBUs in 75 districts to commemorate our country’s 75 years of independence.

Detailed explanation-3: -How will digital banking units function in India? On October 17, 2022, 75 digital banking units became operational across 75 districts in India. As of now, there is at least one digital banking unit set up in each of the 29 states and eight union territories (UTs).

Detailed explanation-4: -Growth of Digital Banking in India Covid- 19 has successfully established a new dimension to the future of digital banking in India. India saw a meteoric rise in digital adoption in that period. The emergence of new digital participation from other financial entities aided transition at the micro level.

Detailed explanation-5: -Prime Minister Narendra Modi on Sunday launched 75 Digital Banking Units (DBUs) in 75 districts with an objective to promote financial inclusion. The ceremony was attended by union finance minister Nirmala Sitharaman and Reserve Bank of India (RBI) governor Shaktikanta Das via virtual mode, reported ANI.