CM Fadnavis unveils Maharashtra’s fintech vision with Agentic AI, tokenisation and quantum technology

Maharashtra is looking to harness emerging technologies such as Agentic AI tokenisation and quantum technology to drive the next phase of transformation in the financial sector and strengthen financial inclusion Chief Minister Devendra Fadnavis said at the Global Fintech Fest 2026 in MumbaiWhile addressing the event at the Jio Center in Bandra Kurla Complex BKC CM Fadnavis said ldquoMaharashtra was committed to ensuring that advances in digital finance benefit ordinary citizens farmers women entrepreneurs startups and micro small and medium enterprises MSMEsrdquoThe Maharashtra CM also said that the convergence of Agentic AI and quantum technology could give a new direction to financial inclusion by making sophisticated financial services more accessible to people and businesses across MaharashtraMaharashtra moves towards becoming a tokenised stateFadnavis also recalled that at last years Global Fintech Fest Maharashtra had expressed its ambition to become Indias first tokenised stateHe said the state government had since taken a significant step by beginning work on the framework for the proposed Maharashtra Digitization and Exchange of Land Token Asset Act Delta ActAccording to the Chief Minister the proposed legislation will establish a legal framework for blockchainbased tokenisation of land and real estate assets Experts from the Securities and Exchange Board of India SEBI Bombay Stock Exchange BSE National Stock Exchange NSE industry technology law and academia are being involved in the processFadnavis described tokenisation as a way of converting capital locked in real estate into productive economic opportunities It could help increase transparency create liquidity and enable otherwise idle assets to contribute to economic development he saidFadnavis says Indias digital success goes beyond UPIHighlighting Indias success with the Unified Payments Interface UPI Fadnavis said the country had already demonstrated to the world how digital infrastructure could transform paymentsThe next stage he said should focus on democratising access to credit investments ownership rights and financial informationAdvanced technology according to the Chief Minister could make highquality financial services available to businesses and citizens irrespective of their location or sizeHe said a farmer in Vidarbha a business in Kolhapur or a woman entrepreneur in Pune should be able to access financial information and services comparable to those available to large financial institutionsAgentic AI could reshape financial servicesFadnavis also mentioned that Agentic AI could significantly alter the way people interact with financial services In the future an entrepreneurs AI assistant could identify financial requirements and recommend appropriate financial products and options he said Farmers could also receive financial guidance in their mother tongue potentially making sophisticated financial advice more accessibleHe also added Even though AI works for citizens the final control should remain in the hands of citizensFadnavis describes Mumbai as countryrsquos largest financial ecosystemThe Chief Minister also highlighted Maharashtras combination of financial technological and infrastructure capabilitiesThe Maharashtra CM also described Mumbai as the countrys largest financial ecosystem and said the city was rapidly emerging as a global fintech hub Pune he said offers a strong base of technical and engineering talent while Navi Mumbai is developing as an important centre for data infrastructure and global connectivityMaharashtra to serve as realworld testbedFadnavis called on the technology and financial sectors to view Maharashtra not merely as a market but as a laboratory for innovationHe invited companies and innovators to present solutions in areas including agriculture MSMEs urban development healthcare mobility financial inclusion fraud prevention and public finance managementThe state government he said would support the largescale testing of promising technologies and solutionsFadnavis said India had created a new model of digital financial infrastructure under the leadership of Prime Minister Narendra Modi and the next question was what the countrys next financial revolution would look likeBKC expansion agreements exchangedDuring the Global Fintech Fest 2026 an agreement related to the expansion of facilities in Bandra Kurla Complex was handed over between the Mumbai Metropolitan Region Development Authority MMRDA SEBI the National Stock Exchange and the Enforcement Directorate in the presence of Chief Minister FadnavisThe developments underscore Maharashtras efforts to strengthen BKCs position as a key financial and institutional centre while building the infrastructure needed to support the states broader fintech ambitions