Bank account penetration in India has increased from 35 percent in 2011 to 53 percent in 2015, which means as many as 175 million new bank accounts were opened in these three years, says a World Ba
Good intentions often pave the way for the worst outcome. We saw it in the 1980s when a plan for rural poverty alleviation, known as the integrated rural development programme (IRDP), was launched.
With 42 percent literacy rate and more than 90 percent of its work force engaged in agriculture and living in rural areas, Mewat district in haryana has been grappling with many developmental chall
Though faint, the last serving memory of Mandwi for the rest of the country would perhaps only be the bloody massacre of 300 people in 1980. Home to decades-old ethnic conflict, the small block in
Nobel laureate Amartya Sen, in his book ‘Development as Freedom’, referred to Mary Wollstonecraft’s classic ‘A Vindication of the Rights of Women’, in which she outlin
Soon after the 1998 Lok Sabha elections when Atal Bihari Vajpayee went to meet president KR Narayanan to stake his claim to form the government, he was asked to produce letters of support from alli
Indira Iyer, a senior fellow at the National Council for Applied Economic Research (NCAER), has been studying financial inclusion. In her paper, ‘Financial inclu
Usha Ananthasubramanian is the first head of India’s first bank meant for women. Set up in November 2013, Bharatiya Mahila Bank, is the youngest and smallest of
As India pushes for big time financial inclusion of the marginalized with schemes like Jan dhan yojana, RBI governor Raghuram Rajan has said financial inclusion should not be pressed beyond a point
E-retailers are adopting and adapting to mobile money and wallets riding on the back of an explosion in the use of smartphones in India. Business consulting service firm RNCOS estimates the Indian
From next year, you could avail services of a bank at your nearest post office as the Centre has given the nod for setting up the India Post Payments Bank (IPPB). The bank would run as a public lim
In order to promote digital transactions through the USSD channel, the telecom regulatory authority of India (TRAI) has waived off the transaction cost from Rs 1.50 to Rs 0.5 paisa per session.
India ranks in the middle of a group of 26 emerging economies regarding access to formal financial services, according to a global study. The Brookings Financial and Digital Inclusion Project (FDIP
Over 450,000 villages now have access to banking in one form or the other, said the RBI in its annual report. “As on March 31, 2017, 96 percent (472,136 vil
Minister of communications Manoj Sinha on Thursday launched DARPAN (Digital Advancement of Rural Post Office for A New India) aimed at realising financial inclusion of un-banked rural population. T
“Demonetisation has created an entire system of digitisation and financial inclusion,” said PK Gupta, managing director (Retail and Digital Banking), State Bank of India, at the launch