Group to ensure complete financial inclusion plan roll-out in two years
SAMIR SACHDEVA | February 19, 2010
An inter-ministerial group (IMG) will be drafting the road-map to complete financial inclusion for India.
“The IMG will be within the department of information technology,” S R Rao, additional secretary of the department said, adding, “The home ministry, banking and financial sector organizations, telecom department, posts, the Reserve Bank of India will work together within the IMG to ensure financial inclusion for all Indians.”
The group will make key suggestions on various aspects of the overall plan for financial inclusion.
“The group's mandate is to plan the course for financial inclusion factoring in everything from type of transactions, to the eligibility od agencies offering financial services, the roles of telecom, regulatory issues to incorporating banking regulations in the overarching plan,” Rao said.
On the issue of harnessing the extensive penetration of mobile phone in rural areas for financial inclusion, he said that providing the entire basket of financial services would not be possible right way. “But the modicum of services it could facilitate are still vital to the plan – cash-in, cash-out or funds transfer.”
How many times a day do you flush the toilet? This number is probably between five and eight times for an average person. How many times a day do you spare a thought towards what happens to the human waste after you flush it away? The answer to this is likely to be close to zero for most people.
Hailing from Satara district of Maharashtra, Eknath Sambhaji Shinde had to leave his education midway to financially support his family. He worked as an auto rickshaw driver, a lorry driver and also said to have worked in a brewery before he came in contact with Anand Dighe, Shiv Sena’s Thane unit pr
Former Maharashtra chief minister Davendra Fadnavis stunned all at a press conference Thursday and named Eknath Shinde, the rebel MLA from Shiv Sena, as the next chief minister. Though Fadnavis said he would stay out of the government, a few hours later the BJP leadership announced he would be the deputy c
Minutes after the Supreme Court ordered a floor test on Wednesday night, Uddhav Thackeray in a televised address resigned as the chief minister of Maharashtra and also as a member of legislative council (MLC). He later drove down to Raj Bhavan and tendered his resignation to the governor Bhagat Singh Koshi
The gig economy has arrived in India, as the Covid-19 pandemic has propelled a flexibility of employment. As many as 77 lakh workers were engaged in the gig economy, constituting 2.6% of the non-agricultural workforce or 1.5% of the total workforce in India. The gig workforce is expected to expand to 2.35
From obtaining an electricity connection to a driver`s licence, ration card, or old-age allowance, delivery of government schemes and services is an aspect of governance that impacts citizens at various points throughout their lives. The Haryana state government provides over 600 such schemes and services.