Keyword : Financial Inclusion

9 crore Jan Dhan accounts have no money: World Bank

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

Pradhan Mantri Jan-Dhan Yojana: Silent revolution

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.

Bank accounts as instruments of ‘capability building’

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

Banking for everyone: How Tripura did it

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

PMJDY: An account of change

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

Money order: Bank on post offices

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, economist, NCAER, talks about financial inclusion

Indira Iyer, a senior fellow at the National Council for Applied Economic Research (NCAER), has been studying financial inclusion. In her paper, ‘Financial inclu

CMD, Bharatiya Mahila Bank, Usha Ananthasubramanian on Jan-Dhan Yojana

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

Financial inclusion beyond a point is bad, says RBI chief

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

Making financial inclusion mobile

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

Banking at post offices to be a reality soon

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

TRAI slashes USSD transaction charge to 50 paisa per session

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.

Govt, pvt sector must collaborate to bring women and migrants in formal banking

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

 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

DARPAN launched for financial inclusion of rural population

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

Improving livelihood with financial access is the task ahead

“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

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