The presentation includes everything about Financial Inclusion in India, the history of Financial Inclusion, meaning and objectives of Financial Inclusion, reasons for financial exclusion, measures taken by the government and the road ahead.
This presentation is based on Financial Inclusion, Financial Inclusion is the process of ensuring access to appropriate financial products and services needed by all sections of the society in general and vulnerable groups such as weaker sections and low income groups in particular at an affordable cost in a fair and transparent manner by mainstream institutional players.
FINANCIAL INCLUSION THROUGH BUSINESS CORRESPONDENT MODELIAEME Publication
In recent years, India has witnessed a high rate of economic growth, which has resulted in greater personal wealth for many Indians. However, a majority section of the society is still financially uncovered, meaning it does not have access to formal financial institutions. In light of recent research that shows a strong correlation between financial exclusion and poverty and inequality, the Indian government has made financial inclusion an integral part of its planning strategy. The spreading of banking network to the vast rural areas of the country at an affordable cost remains as a challenge to all those who are involved. In India, an effort has been made to achieve financial inclusion by using information and communication technology through a Business Correspondent model.
Yes Bank detailed presentation (2008 to 2019)ShubhamChugh9
The presentation is all about yes bank and describing its in depth details from year 2008 to 2019 and also its future prospects with all the major frauds and their NPAs details, along with this a questioner is also presented when we visited yes bank ltd.
also its balance sheet of year 2008 to 2019 is being discussed.
This project report has been prepared as per the requirement of the syllabus of
MBA course structure under which the students are the required to undertake
project.
It was a first hand experience for us as that we were exposed to the professional
set-up and were facing the market, which was really a great experience.
During project period, I had very touching experiences. When business is involved,
experiences counts a lot, as we know, experience are an instrument, which leads
towards success.
I completed a Seminar project.
My research is based on Seconday data.
I did a thoroughly research on the awareness of E-banking services amongst indian customers.
The objectives of my research are:
1) To study about the role, need, types, frauds, impact of Internet banking on banks, customers and society, various frauds and ways to overcome them in internet banking, services offered by internet banking and its benefit to the customers and banks.
2) To study about the future perspective and awareness of internet banking among Indian customers and ways to increase awareness among the customers.
This presentation is based on Financial Inclusion, Financial Inclusion is the process of ensuring access to appropriate financial products and services needed by all sections of the society in general and vulnerable groups such as weaker sections and low income groups in particular at an affordable cost in a fair and transparent manner by mainstream institutional players.
FINANCIAL INCLUSION THROUGH BUSINESS CORRESPONDENT MODELIAEME Publication
In recent years, India has witnessed a high rate of economic growth, which has resulted in greater personal wealth for many Indians. However, a majority section of the society is still financially uncovered, meaning it does not have access to formal financial institutions. In light of recent research that shows a strong correlation between financial exclusion and poverty and inequality, the Indian government has made financial inclusion an integral part of its planning strategy. The spreading of banking network to the vast rural areas of the country at an affordable cost remains as a challenge to all those who are involved. In India, an effort has been made to achieve financial inclusion by using information and communication technology through a Business Correspondent model.
Yes Bank detailed presentation (2008 to 2019)ShubhamChugh9
The presentation is all about yes bank and describing its in depth details from year 2008 to 2019 and also its future prospects with all the major frauds and their NPAs details, along with this a questioner is also presented when we visited yes bank ltd.
also its balance sheet of year 2008 to 2019 is being discussed.
This project report has been prepared as per the requirement of the syllabus of
MBA course structure under which the students are the required to undertake
project.
It was a first hand experience for us as that we were exposed to the professional
set-up and were facing the market, which was really a great experience.
During project period, I had very touching experiences. When business is involved,
experiences counts a lot, as we know, experience are an instrument, which leads
towards success.
I completed a Seminar project.
My research is based on Seconday data.
I did a thoroughly research on the awareness of E-banking services amongst indian customers.
The objectives of my research are:
1) To study about the role, need, types, frauds, impact of Internet banking on banks, customers and society, various frauds and ways to overcome them in internet banking, services offered by internet banking and its benefit to the customers and banks.
2) To study about the future perspective and awareness of internet banking among Indian customers and ways to increase awareness among the customers.
With the help of this presentation you will be able to know the financial inclusion status in india. Stats from RBI and Inclusix index also had been included in presentation.
Digital Cash Transfers and Financial Inclusion in IndiaCGAP
Developing a digital payments architecture in India:
Creates efficiencies and lessens leakages in government, by building digital rails in some of the hardest to reach and poorest areas of India;
Saves India $20 billion a year, or 1% of its GDP;
Achieves financial inclusion for millions of beneficiaries who can receive payments on time, access basic financial services, and use technology to provide feedback to government on those services.
Financial inclusion is a buzzword now and has attracted the global attention in the recent past. As the approach of 12th five year plan (2012-2017) is faster, sustainable and more inclusive growth, the issue of financial inclusion is emerging as the new paradigm of economic growth. Financial inclusion plays a major role in driving a way the poverty from the country. The main focus of financial inclusion in India is to promote sustainable development and generating employment in rural areas for the rural population. C.Rangarajan Committee (2008) defined financial inclusion as, “The process of access to financial services, and timely and adequate credit needed by vulnerable groups such as weaker sections and low income groups at an affordable cost.” The purpose of financial inclusion is to provide equitable opportunities to every individual to avail the facility of formal financial channels for better life, better living and better income. It can be described as the provision of affordable financial services, viz., access to payments and remittance facilities, savings, loans and insurance services by the formal financial system to those who are excluded. Though there are few people who are enjoying all kinds of services from savings to net banking, but still in our country around 40% of people lack access to even basic financial services like savings, credit and insurance facilities. Financial inclusion is the road that India needs to travel towards becoming a global player. This paper attempts to study the overview of financial inclusion in India.
Blockchain and the Unbanked: The Road to Financial InclusionGeorge Samuel Samman
-Blockchain + Mobile goes beyond the “last mile” to the “last metre”.
-Banks and financial services companies can connect with the unbanked at the edge of wireless.
-At a time when they are cutting back on physical branches due to regulatory and margin pressures.
-Access to Global Capital Markets for the vast majority of the world.
-Social Impact at the Intersection of Fintech.
Global Financial Development Report 2014 - Financial InclusionWB_Research
As mobile banking and other technological innovations fuel the expansion of financial services in many developing countries, a new World Bank Group report urges policy makers to focus on products that benefit the poor, women and other vulnerable groups the most.
Digital Financial Inclusion in Bangladesh: Planning Better, Executing Faster...Anir Chowdhury
Bangladesh is rapidly including people financially: 30 million plus MFS accounts. However, the financial inclusion is limited to P2P only. Comprehensive and aggressive efforts are needed to digitize G2P, P2G, B2P and P2B payments. BTCA's toolkits will be used to plan better, execute faster and move together.
Financial Literacy for Financial Inclusion, Egypt Case. Presented by Ms. Mona el Baradei at the United Nations 23 May 2014, during "A Chance for Change" co-hosted by Child & Youth Finance International and UNCDF. #CYFI2014 #UNforYouth
In India, RBI has initiated several measures to achieve greater financial inclusion,such as facilitating no-frills accounts and GCCs for small deposits and credit
Financial inclusion – objectives - Micro finance as a Development Tool - The Indian Experience - Evolution and Character of micro finance in India - Micro finance Delivery Methodologies and models- Legal and Regulatory Framework- Impact of Micro finance - Revenue Models of Micro finance- Profitability, Efficiency and Productivity Emerging issues
India’s economic growth rates higher than most developed countries in recent years, a
majority of the country’s population still residue unbanked. Financial Inclusion is a relatively
new socio-economic concept in India that aspire to change this dynamic by providing
financial services at affordable costs to the underprivileged, who might not otherwise be
aware of or able to afford these services. Global trends have revealed that in order to achieve
inclusive development and growth, the expansion of financial services to all sections of society
is of utmost importance. As a whole, financial inclusion in the rural as well as financially
backward pockets of cities is a win-win opportunity for everybody involving – the
banks/NBFC’s intermediaries, and the left-out urban population. Banks will handle core
infrastructure and services while intermediaries known as Business Correspondents (BC’s)
will be the executors and act as the face of these banking & financial institutions in dealing
with end-users. Therefore, it is assumed that financial inclusion can initiate the next
revolution of growth and prosperity. In the 21st century, India has been pulling all the right
levers to advance financial inclusion and economic citizenship by channelling its own
transactions to lubricate the system. India’s journey towards economic ascension relies on
how the 65% unbanked population of India (conservative 2012 estimate by World Bank) is
enabled with financial infrastructure.
RBI's College of Agricultural Banking together with the Centre for Micro Finance, IFMR Research hosted their fifth annual conference, "Microfinance: Translating Research into Practice" on January 9-10, 2012 in Pune. Graham A.N. Wright presented a paper on Way Forward: Future of Financial Services for the Poor.
Financial inclusions a pavement towards the future growthTapasya123
India’s economic growth rates higher than most developed countries in recent years, a
majority of the country’s population still residue unbanked. Financial Inclusion is a relatively
new socio-economic concept in India that aspire to change this dynamic by providing
financial services at affordable costs to the underprivileged, who might not otherwise be
aware of or able to afford these services. Global trends have revealed that in order to achieve
inclusive development and growth, the expansion of financial services to all sections of society
is of utmost importance. As a whole, financial inclusion in the rural as well as financially
backward pockets of cities is a win-win opportunity for everybody involving – the
banks/NBFC’s intermediaries, and the left-out urban population. Banks will handle core
infrastructure and services while intermediaries known as Business Correspondents (BC’s)
will be the executors and act as the face of these banking & financial institutions in dealing
with end-users. Therefore, it is assumed that financial inclusion can initiate the next
revolution of growth and prosperity. In the 21st century, India has been pulling all the right
levers to advance financial inclusion and economic citizenship by channelling its own
transactions to lubricate the system. India’s journey towards economic ascension relies on
how the 65% unbanked population of India (conservative 2012 estimate by World Bank) is
enabled with financial infrastructure.
Indian Banking Moving towards a new landscape - Current Trends in Indian Ban...Resurgent India
Given the fluctuating interest rate cycle and underlying macro-economic factors, banks have been looking to diversify their sources of income. This has led to emergence of new products under asset management, wealth management and treasury.
Similar to Financial Inclusion in India - FIIB Finance Conclave 2013 (20)
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
2. HISTORY OF FINANCIAL INCLUSION
FINANCIAL
EXCLUSION
Coined
In 1993
in UK
Initiatives by UK Government
1.
2.
3.
4.
Credit Unions
Post Office Card Account
Savings Gateway
Community Finance Learning Initiatives
Source: rbidocs.rbi.org.in, worldbank
Limited Physical Access to
Banking services
Priority Areas identified by
UK
1. Access to Banking
2. Access to affordable credit
3. Transparency in Advisory
Services
3. WHAT IS FINANCIAL INCLUSION
AVAILABILITY
AWARENESS
ACCESSIBILITY
FINANCIAL
INCLUSION
AFFORDABILITY
ADEQUACY
Source: world-finance-conference.com/papers_wfc/138.pdf: Rangarajan Committee Report
3
4. OBJECTIVES
•Economic:
-Equitable growth
-FIs can boost the development
process
BANK
ACCOUNT
CAPITAL
FINANCIAL
LITERACY
MARKET
PARTICIPATION
FINANCIAL
INCLUSION
INSURANCE
PENSON
•Mobilisation of Savings
-Capital formation and economic
growth
•Larger Market for the financial system
-Emergence for new players
- Participation of retail investors
REMITTANCES
(Money Transfer
Facilities)
CREDIT PRODUCTS
KCCs, GCCs etc
•Social
-Poverty Eradication
- Financial Literacy
•Sustainability
- To improve income generation by
low income groups
•Institutional
-Effective implementation
Source: Rangarajan Committee Report
5. INDIAN STORY
•The Term Financial Inclusion In India was coined in 2004 by the then RBI Governor YV Reddy.
•In 2008, the Government of India appointed a Committee on Financial Inclusion under the
Chairmanship of Dr. C .Rangarajan
Aprox. 50% of people in India don't have bank accounts
90 % of the people do not have borrowings from the banks
11% of bank branches in India are limited to the metros.
38% of the branches of the SCBs are in the rural areas
Nearly 85% of the population don’t have access to
insurance services.
FIIs hold a stake 10.45% in the Indian capital market
2% of retail investors in India participate in the Indian
capital market
Source: rbidocs.rbi.org.in
5
6. THE TARGET GROUPS
People who are Not Availing Financial Services
SOCIALLY
EXCLUDED
GROUPS
FARMERS
RURAL WOMEN
SENIOR
CITIZENS
MIGRANTS
Why???
DEMAND SIDE
Financial Illiteracy
SUPPLY SIDE
Financial Inclusion
Lack of Knowledge of products
Inaccessibility of Bank
Dependence on informal sources of
credit
Cumbersome Banking procedure
Low Incomes
Inappropriate Design of products &
services
Social Exclusion
High transaction cost and attitude of
bank officials
Source: Rangarajan Committee Report
7. FINANCIAL INCLUSION : IMPORTANT MILESTONES
PHASE II
PHASE I
Setting up
of Rural
Cooperatives
Setting up of
RRBs
1904
Nationalization of 14
Commercial Banks
Rural
Development
Programme
1990
1969
Source: rbi.org.in
Setting up of
Local Area
Banks
PHASE III
1975
Allowance by RBI for
BC/BF to act as
agents of banks
2005
1999
Introduction to
Self Help Group
2000
Opening of No
Frill Accounts
2011
2006
NPCI launched Interbank
Mobile Payment System
(IMPS)
7
8. INSTITUTIONS INVOLVED
MEASURES TAKEN
Introduction of ‘No-Frills’ account
•Low-cost bank accounts
•“Zero” or very low minimum balances.
NABARD
General Credit Cards & Kisan Credit
Cards
India post,
NGOs etc
Key
Institutions
RBI, RRBs,
SCBs
•Credit Cards with a credit limit of Rs 25,000 in
all rural and semi rural bank branches.
•Success: March 2013
•36.39lakhs GCC accounts
•337.89lakhs KCC accounts
Simplification of KYC norms
United Nations
Development
Programme
Source: world-finance-conference.com
•Simplified KYC procedure for low income
groups without documents of identity and proof
of residence to open banks accounts.
Microfinance
Institutions
Financial
Inclusion
Technology
Fund
NABARD
•To meet the cost of technology adoption
•An overall corpus of Rs.500cr each (enhanced
to Rs.600cr in Union Budget for 2010-11)
9. MEASURES contd…
• Business Correspondent : An individual or a committee acting as an intermediary between
the bank and the customer.
i. Delivering all products of the bank
ii. ICT based Business Correspondent Model for low cost.
•
Mandatory requirement of opening 25% branches in Unbanked Areas
i. Progress stimulation through “New Bank Licenses”
ii. To initiate Financial Stability through Financial Literacy.
•
Direct Benefit Transfer Schemes:
i. Increasing significance of DBT scheme and Adhaar Card.
•
Financial Inclusion Plans (FIPs) for banks implemented by RBI (started from April 2010)
i. Increase in number of Regional Rural Banks
ii. Issuing more KCCs and GCCs
iii. Specially designed products for financially excluded segments.
iv. Interest rates on advances totally deregulated.
v. Setting up of Ultra Small Branches
Source: world-finance-conference.com
10. INDIA FACTSHEET – FINANCIAL INCLUSION
1. Scoring considers 618 districts
of total 632 districts in India.
Branch
Penetration
Credit
Penetration
Deposit
Penetration
2. Top 3 states : Kerala, Andhra
Pradesh, Himachal Pradesh
3. Bottom 3 states : Bihar, Assam,
West Bengal
4. 11 of Kerala’s 14 districts
figure in the top 50 scoring
district
INCLUSIX SCORES
62.2
38.2
5. The Financial Inclusion in India
has increased by CAGR of 7%
from 2008 to 2013.
37.1
28.6
28.5
40.1
*Data as per 2011-12
Source: CRISIL Inclusix 2013, rbidocs.rbi.org.in
6. Future potential may be seen
due to rise in tele-density (grew
from 1% to 40% between 2001
to 2010)
10
11. FINANCIAL INCLUSION – CHALLENGES AND WAY AHEAD…
a) Increasing Reach by Banks
b) Effective Intermediation by Business Correspondents
c) Increasing transactions by target group
d) Technological Challenge
e) Cost optimization by Banks
f)
Implementation Challenge- Profit vs. Social Welfare
g) Financial Literacy