Dvara Research is a policy research institution based in India. Our mission is to ensure that every individual and every enterprise has complete access to financial services. We strongly believe in the deeply transformative power of finance in unlocking the potential of individuals, households, enterprises and local governments. 

To know more on our contributions and achievements click here.

Our Policy Initiatives

Financial Systems Design

The initiative aims to develop and disseminate financial systems designs focused on achieving both inclusion and stability.
Read more

Household Finance​

The initiative aims to rigorously understand the financial choices and decisions of low-income or excluded individuals and households, and their relation to achieving households’ objectives.
Read more

Future of Finance​ Initiative

The initiative aims to identify and address new challenges for policy and regulation in India around customer protection, given the waves of digital innovation currently sweeping financial services.
Read more

Social Protection​ Initiative

The initiative aims to conduct research that will inform the design and implementation of a universal social security system.
Read more

Latest Themes

Dvara Research through this new workstream/theme tries to layout pathways to enhance health financing in India to achieve universal healthcare
Read more
COVID- 19 pandemic has made a damaging impact on the lives of low-income households. In this context, we have been sharing our insights on issues related to low-income households and some recommendations to tackle the issues.
Read more
We assess the last-mile delivery challenges in welfare and provide policy and design solutions to minimize exclusion errors in the delivery architecture
Read more
We analyse how
low-income households use financial and
non-financial instruments to attain their objectives to inform product design and policies to serve them better.
Read more

Latest Work


Impact of Information Disclosure on Consumer Behaviour: Case of AT1 Bonds

February 4, 2021 | Dvara Research

Niyati Agrawal, Monami Dasgupta, Monika Halan, Misha Sharma, Madhu Srinivas


Formalising social security for the informal sector

February 3, 2021 | The Hindu

Nishanth K


Detecting Over-Indebtedness while Monitoring Credit Markets in India

January 28, 2021 | Dvara Research

Dwijaraj Bhattacharya, Amulya Neelam, and Deepti George

Latest Tweets