**Executive Summary**
President Droupadi Murmu graced the Black Swan Summit in Bhubaneswar, Odisha, on February 6, 2026. She emphasized that India’s fintech story should focus on gender justice and urged entrepreneurs and innovators to make technology a tool for social justice and inclusion. The President highlighted the importance of skilling, digital literacy, and the need to prevent financial frauds.
**Key Points / Main Content**
* **Fintech and Social Justice:**
* India’s fintech success should be viewed beyond technology, focusing on gender justice and social inclusion.
* Technology must be utilized as a tool for social justice, inclusion, employment, and entrepreneurship.
* **Financial Revolution and Access:**
* India has seen a financial revolution through direct benefit transfers and digital payments, which have become essential for farmers, small shopkeepers, and women.
* Fintech must include women as leaders, professionals, and entrepreneurs, not just end users.
* **Digital Inclusion and Skilling:**
* Fintech alone does not guarantee inclusion; efforts are needed to reach remote, tribal, and rural areas.
* Skilling is vital to integrate these populations into the digital economy.
* **Fraud Prevention and Literacy:**
* Technology’s misuse for financial fraud requires increased public awareness and vigilance.
* Digital and financial literacy are critical to deter online fraud and should be integrated into school curricula.
* **Government Initiatives:**
* The Government of India has established centers like the Indian Cyber Crime Coordination Centre to prevent and report financial fraud.
* The Government of Odisha's BharatNetra initiative aims to build a future-ready workforce in digital, financial, and insurance technology sectors.
**Impact Analysis**
**Entrepreneurs and Innovators:**
* **Impact:** Urged to ensure technology becomes a tool for social justice and inclusion.
* **Action Required:** Develop new platforms, products, or policies that actively involve women in the digital and financial ecosystem and facilitate access for marginalized communities.
**Government of India:**
* **Impact:** Recognized for efforts to prevent financial fraud through initiatives like the Indian Cyber Crime Coordination Centre.
* **Action Required:** Continue enhancing measures to prevent and report fraud, including digital and financial literacy programs in school curricula.
**Government of Odisha:**
* **Impact:** Commended for launching the BharatNetra initiative to build a future-ready workforce and innovation ecosystem.
* **Action Required:** Continue supporting and expanding the BharatNetra initiative to enhance skill development and global capabilities in digital, financial, and insurance technology sectors.
**Citizens, especially in remote, tribal, and rural areas**
* **Impact:** The fintech should be designed for ease of use, and accessible to these populations, with a focus on skilling.
* **Action Required:** Engage in training to understand how to use fintech resources and tools and become more active participants in the digital economy.
Key Entities Referenced
Droupadi Murmu: President of India, delivering a speech about fintech, gender justice, and technology.
Black Swan Summit: A summit in India focused on technology, innovation, and fintech.
Bhubaneswar: Location of the Black Swan Summit.
BharatNetra: An initiative by the Government of Odisha for building a future-ready workforce and innovation ecosystem in digital, financial and insurance technology sectors.
Indian Cyber Crime Coordination Centre: One of the measures taken by the Government of India to prevent and report cyber frauds.
President's Secretariat
PRESIDENT OF INDIA GRACES BLACK SWAN
SUMMIT, INDIA AT BHUBANESWAR
INDIA’S FINTECH STORY SHOULD BE REMEMBERED NOT
ONLY AS A TALE OF TECHNOLOGY BUT ALSO AS THAT OF
GENDER JUSTICE: PRESIDENT DROUPADI MURMU
ENSURE THAT TECHNOLOGY BECOMES A TOOL FOR
SOCIAL JUSTICE AND INCLUSION: PRESIDENT DROUPADI
MURMU TO ENTREPRENEURS AND INNOVATORS
Posted On: 06 FEB 2026 5:52PM by PIB Delhi
The President of India Smt Droupadi Murmu graced the Black Swan Summit, India, organised by the
Government of Odisha in collaboration with Global Finance and Technology Network, at Bhubaneswar,
Odisha, today (February 6, 2026).
Speaking on the occasion, the President said that we are living in a time when technology is evolving at an
unprecedented pace. New innovations arrive so rapidly that our systems, skills, and business models often
struggle to keep up. At the same time, these rapid advancements can also bring serious challenges,
including cybersecurity threats, deepfakes, misinformation, and an increasing dependence on technology.
However, the rapid technological changes have a huge positive impact on innovation and growth. Throughevents such as Black Swan Summit, innovative methods can be explored to leverage technologies for
further enhancing capabilities through skilling, generate employment and accelerate the digital and
financial transformation.
The President said that in the past decade, India has witnessed an impactful revolution in the financial
system. Direct benefit transfer into bank accounts and the digital payments have become very common
among farmers, small shopkeepers and women. For them, “fintech” is not a technical term, it has become
their lifeline.
The President said that India’s fintech story should be remembered not only as a tale of technology but
also as that of gender justice. Women constitute an important segment that requires focused attention for
the promotion of fintech. Fintech ecosystem must view them not only as end users but as leaders,
professionals, and entrepreneurs. For every new platform, product, or policy, it needs to be evaluated if it
makes women active participants in the digital and financial ecosystem.The President said that fintech does not guarantee inclusion on its own. There continue to be citizens,
especially in remote, tribal, and rural areas, who are not conversant with the digital tools. Skilling them is
very important to make them participants in the development journey. Only then, fintech can become an
engine of inclusion, employment generation and promotion of entrepreneurship. She urged entrepreneurs
and innovators to ensure that technology becomes a tool for social justice and inclusion.
The President said that technology has a huge potential for making positive impact on all sectors of
economy and all sections of society. However, at times it can be misused for financial frauds. It is
pertinent to enhance awareness among people to be vigilant and alert to prevent such frauds. The
Government of India has undertaken various measures to prevent and report such frauds including setting
up of Indian Cyber Crime Coordination Centre, Citizen Financial Cyber Fraud Reporting and
Management System and Cyber Fraud Mitigation Centre. Ensuring digital and financial literacy is
essential to deter online financial fraud. It needs to be made part of school curricula so that the advantages
and disadvantages of technology can be understood at a young age.
The President said that advancing skill development, establishing global capability centres, and enhancing
innovation capacity are investments in human capital. She was happy to note that Government of Odisha
has launched BharatNetra initiative for building a future-ready workforce and innovation ecosystem in
digital, financial and insurance technology sectors. She appreciated Government of Odisha and Global
Finance and Technology Network for co-organising the Black Swan Summit as part of the BharatNetra
initiative. She expressed confidence that discussions and collaborations that emerge from this Summit will
be of transformative effect not only for Odisha but also for India and the world.
Please click here to read President’s speech.
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