Bangladesh has achieved notable success in promoting inclusive growth through extensive financial inclusion initiatives led by Bangladesh Bank. Key outcomes include sustained GDP growth above 6% accompanied by declining poverty and inequality. Agricultural and SME lending has increased substantially, with women's entrepreneurship and mobile banking also expanding greatly. This has contributed to macroeconomic stability while broadening economic participation. Going forward, Bangladesh Bank is further mainstreaming inclusive finance across its policy, operations, and supervision to fully realize the benefits of an inclusive financial system.
The Digital India initiative aims to transform India into a digitally empowered society. It has 9 core components including expanding internet connectivity, e-governance, e-education, e-health, and promoting digital literacy. The initiative will be overseen by an inter-ministerial group chaired by the Ministry of Communications and IT. Several global tech companies have pledged support through investments and partnerships to help achieve the goals of Digital India.
The document provides an overview of the Swachh Bharat Abhiyan campaign in India. It discusses the history and objectives of the campaign, which aims to eliminate open defecation and improve sanitation across India. Some critics argue that the campaign is merely a rebranding of existing sanitation programs. Others see the Prime Minister's role in the campaign as purely political, aimed at building his reputation. The conclusion notes that the Prime Minister launched the nationwide cleanliness campaign on Gandhi's birthday, appealing to citizens to help fulfill Gandhi's dream of a clean India.
Rural development is a complex process that aims to improve living conditions in rural areas. It requires integrated efforts across sectors like infrastructure, public services, health, education, employment and standard of living. While the government and private sector have undertaken development initiatives, rural areas still lag significantly behind cities in these areas. Effective rural development strategies require addressing issues like inadequate infrastructure, lack of opportunities, traditional mindsets, and ensuring balanced growth between rural and urban regions.
The Banking-as-a-Service 2.0 report is an in-depth analysis of the fast-evolving BaaS segment. In this report, we analyze the global landscape of specialized FinTech companies and banks that have BaaS as core to their business, funding and investment patterns since 2018, regulatory & market drivers, and a host of industry expert opinions.
PARIPURNAFOUNDATION TRUST ALWAYS ...AWARENESS TOWARDS ......BETTER SOCIETY AND BETTER LIFE.
U MUST LOVE WATER AND SANITATION TOWARDS SWACHH BHARAT. ITS GRATE GIFT TO NATION......JAI HIND
NARASIMHARAO.DAKARA
CHAIRMAN & FOUNDER
PARIPURNAFOUNDATION TRUST
VISAKHAPATNAM
SR. TRAINING SPECIALIST GOVT. PROJECTS. (CONSULTANT)
This presentation is an attempt to create awareness about Digital India Mission Program - its Projects preservative, Policies and various initiatives. Over all this presents a brief on the Digital India Mission Program by Govt. of India which was launched by Honorable Prime Minister of India, Sri. Narendra Modiji!
Zomato is an Indian startup that operates a global restaurant discovery platform. It began in 2008 in New Delhi, India as a website collecting restaurant menus. It has since expanded to over 21 countries. Zomato provides comprehensive menus, reviews and contact details for over 384,000 restaurants worldwide. For its expansion to London in 2013, Zomato worked with London & Partners to find office space, recruit staff, and gain market intelligence. With their help, Zomato launched its London operations within 3 months and had over 16,000 restaurants listed within 6 months. Zomato's successful global expansion strategy has been driven by its focus on building a strong content platform and social media presence.
Socio economic empowerment of rural women through ictsDr Lendy Spires
ICTs like mobile phones and television have helped empower rural women in India by providing access to information, opportunities for economic independence, and social networks. A study of rural women in Tamil Nadu found that most young working women owned mobile phones, which they used to stay in contact with family and friends, search for jobs and transportation information, and provide a sense of security. However, excessive mobile phone use has also led to some family and social issues. While ICTs offer benefits, ensuring rural women can safely access and take advantage of new technologies remains an ongoing challenge.
The Digital India initiative aims to transform India into a digitally empowered society. It has 9 core components including expanding internet connectivity, e-governance, e-education, e-health, and promoting digital literacy. The initiative will be overseen by an inter-ministerial group chaired by the Ministry of Communications and IT. Several global tech companies have pledged support through investments and partnerships to help achieve the goals of Digital India.
The document provides an overview of the Swachh Bharat Abhiyan campaign in India. It discusses the history and objectives of the campaign, which aims to eliminate open defecation and improve sanitation across India. Some critics argue that the campaign is merely a rebranding of existing sanitation programs. Others see the Prime Minister's role in the campaign as purely political, aimed at building his reputation. The conclusion notes that the Prime Minister launched the nationwide cleanliness campaign on Gandhi's birthday, appealing to citizens to help fulfill Gandhi's dream of a clean India.
Rural development is a complex process that aims to improve living conditions in rural areas. It requires integrated efforts across sectors like infrastructure, public services, health, education, employment and standard of living. While the government and private sector have undertaken development initiatives, rural areas still lag significantly behind cities in these areas. Effective rural development strategies require addressing issues like inadequate infrastructure, lack of opportunities, traditional mindsets, and ensuring balanced growth between rural and urban regions.
The Banking-as-a-Service 2.0 report is an in-depth analysis of the fast-evolving BaaS segment. In this report, we analyze the global landscape of specialized FinTech companies and banks that have BaaS as core to their business, funding and investment patterns since 2018, regulatory & market drivers, and a host of industry expert opinions.
PARIPURNAFOUNDATION TRUST ALWAYS ...AWARENESS TOWARDS ......BETTER SOCIETY AND BETTER LIFE.
U MUST LOVE WATER AND SANITATION TOWARDS SWACHH BHARAT. ITS GRATE GIFT TO NATION......JAI HIND
NARASIMHARAO.DAKARA
CHAIRMAN & FOUNDER
PARIPURNAFOUNDATION TRUST
VISAKHAPATNAM
SR. TRAINING SPECIALIST GOVT. PROJECTS. (CONSULTANT)
This presentation is an attempt to create awareness about Digital India Mission Program - its Projects preservative, Policies and various initiatives. Over all this presents a brief on the Digital India Mission Program by Govt. of India which was launched by Honorable Prime Minister of India, Sri. Narendra Modiji!
Zomato is an Indian startup that operates a global restaurant discovery platform. It began in 2008 in New Delhi, India as a website collecting restaurant menus. It has since expanded to over 21 countries. Zomato provides comprehensive menus, reviews and contact details for over 384,000 restaurants worldwide. For its expansion to London in 2013, Zomato worked with London & Partners to find office space, recruit staff, and gain market intelligence. With their help, Zomato launched its London operations within 3 months and had over 16,000 restaurants listed within 6 months. Zomato's successful global expansion strategy has been driven by its focus on building a strong content platform and social media presence.
Socio economic empowerment of rural women through ictsDr Lendy Spires
ICTs like mobile phones and television have helped empower rural women in India by providing access to information, opportunities for economic independence, and social networks. A study of rural women in Tamil Nadu found that most young working women owned mobile phones, which they used to stay in contact with family and friends, search for jobs and transportation information, and provide a sense of security. However, excessive mobile phone use has also led to some family and social issues. While ICTs offer benefits, ensuring rural women can safely access and take advantage of new technologies remains an ongoing challenge.
The document discusses India's Swachh Bharat Abhiyan (Clean India Mission). It was launched in 2014 by Prime Minister Narendra Modi with the goal of eliminating open defecation and improving sanitation across India by 2019. It outlines the campaign's objectives, strategies for individual and corporate participation, penalties for littering, and results of a survey showing high awareness but room for improved action. The presentation concludes by emphasizing continued community involvement through appreciation and personal responsibility to achieve a truly clean India.
Zomato startup of india by sneha aroraSnehaArora26
I have made my ppt on zomato- startup by India.
if you found my ppt interesting then don't forget to like my PowerPoint presentation. I guarantee you this includes all current information on the topic .thank you
This document provides guidance on promoting and operationalizing self-help groups (SHGs) in Madhya Pradesh, India. It discusses the key components of the SHG model including group formation processes, maintenance systems, monitoring, and indicators of group health. The document outlines stages of group formation, roles and functions of SHGs, and processes for meetings, savings, and lending. It emphasizes building the capacity of community resource persons and SHG members through training.
Digital Marketing in Banking: Evolution and RevolutionCognizant
Proving the effectiveness of bank marketing strategies beyond brand-building has always been a challenge. Now, several converging forces may help propel marketing forward as a revenue source rather than a cost center.
Involvement of Women in rural developmentanupama_jal
Women play a key role in rural development in India. All five-year plans have emphasized developing women in rural areas. While India has seen high economic growth, around 350 million people still live below the poverty line. Empowering rural women through education and skills training can help increase incomes and quality of life in rural communities in a sustainable way. The objectives are to provide alternative education to women, increase their participation through empowerment, and build capacity to make women economically independent.
Role of Self-Help Groups in Empowering Rural Women: A case study on selected ...iosrjce
Micro finance is emerging as a powerful tool for poverty alleviation in India. This approach has
recognition in India after the launch of SHGs and Bank linkage programme by NABARD in the year 1992.
According to United Nations, micro finance institutions are the basic provider of small savings, micro credit
and other basic financial services to poor and marginalised section like women. Despite substantial
contributions of women to both household and national economy, their contributions are not recognised in the
society. Rapid progress in SHGs and Bank linkage model has now turned into an empowerment movement
among women in the country. From various empirical studies, it is found that micro finance through SHGs and
Bank linkage model has enabled the members of SHGs to improve their socio-economic status. It also improves
family savings, decision making process, self confidence among women section of our society. Micro finance is
also necessary to overcome social exploitation and create confidence for self reliance among rural women and
poor section of our society. Apart from the informal financial institutions, the formal and semi formal sectors
also are taking much interest in providing micro finance to rural women in Assam. These financial institutions
not only provide small savings and micro credit to women but bringing them together in organised banking
sector. This paper highlights that micro finance through SHGs has a positive role in income, savings and
investment of women in Rani Block of Kamrup District of Assam
Swach Bharat Abhiyan Challenges and Prospectsijtsrd
Swach Bharat Abhiyan, it means that clean India mission it is a national level campaign launched by the Government of India on 2nd October 2014 to accelerate the efforts to achieve universal sanitation coverage. It is a major step towards the protection of degrading environment. The important objects of the mission include elimination of open defecation, conversion of insanitary toilets to pour flush toilets, eradication of manual scavenging and above all to bring about a behavioral change in people regarding healthy sanitation practices. It also ensures public participation in achieving these objectives. The campaign aims to achieve its objectives on 2019 as a tribute to Mahatma Gandhi on his 150th birth anniversary. The important objective of the SBM is that to improve the level of cleanliness and to make open defecation free. Swach Bharat mission has had the biggest domino effect in the world. Because it has addressed the centuries old practices on open defecation and it has had major health and economic impact. According to reports, 11 states are now open defecation free namely Sikkim, Himachal Pradesh, Kerala, Uttarakhand, Haryana, Gujarat, Chandigarh, Daman and Diu, Arunachal Pradesh, Chhattisgarh and Meghalaya. India, which had sanitation coverage of mere 41.92 per cent in 2014 has increased its coverage to 63.94 per cent, and this improvement is being viewed as a major success of the campaign. More than 3.5 crore toilets have been built under the mission in two years compared 83 lakh toilets built in 10 years between 2001 and 2011 under the Total Sanitation Campaign, as per the Ministry of Drinking Water and Sanitation. Not only is it a sharp increase in the number of toilets built under any national sanitation programme, but the pace of constructing toilets under Swach Bharat has been speedier as well. Nearing three years of completion, the campaign has now also laid its focus on the other aspects of sanitation such as behavioral change, piped water supply to toilets and drainage. However, it has been clearly declared that the campaign is not only the duty of the government but each and every citizen of the country is equally responsible to keep the nation clean or swatch. Ashmi V. G "Swach Bharat Abhiyan: Challenges and Prospects" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-3 , April 2020, URL: https://www.ijtsrd.com/papers/ijtsrd30432.pdf Paper Url :https://www.ijtsrd.com/humanities-and-the-arts/social-science/30432/swach-bharat-abhiyan-challenges-and-prospects/ashmi-v-g
The document provides an overview and analysis of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme launched by the Indian government. It discusses the background and objectives of PMJDY, which aims to provide universal access to banking facilities and promote financial inclusion. The performance has exceeded expectations with over 12.5 crore accounts opened within the first 9 months. Going forward, stakeholders will need to address operational challenges to strengthen implementation and ensure accounts remain active. The success of PMJDY can help promote inclusive growth in India.
The document discusses India's Swachh Bharat Abhiyan (Clean India Mission), a national campaign launched by Prime Minister Modi on October 2, 2015. The campaign aims to eliminate open defecation and improve solid waste management in rural and urban areas by October 2, 2019, the 150th anniversary of Gandhi's birth. It involves building toilets, raising public awareness about sanitation and health issues, and encouraging attitude and behavior change among India's citizens regarding cleanliness. The document outlines the campaign's goals and challenges in implementing it on a national scale.
This document provides an overview of rural development in India. It discusses the evolution of rural development through different phases, from agricultural marketing pre-1960s to a more comprehensive rural development approach today. Key characteristics of rural markets in India are described, such as large population size, agricultural occupations, low literacy and infrastructure. The strategies, programs, and infrastructure used to promote rural development are also summarized, covering areas like agriculture, health, education, banking, and marketing channels. Overall, the document outlines the major concepts, approaches, and current status of rural development initiatives in India.
The National Rural Livelihoods Mission (NRLM) was launched in 2011 with the goal of alleviating poverty through self-managed self-help groups, financial inclusion, and sustainable livelihood opportunities. NRLM aims to cover 7 crore rural households across India. It focuses on social mobilization and building strong grassroots institutions through self-help groups. NRLM provides support structures at national, state, district and local levels to facilitate livelihood programs and access to financial services for rural communities.
This Rural Development Presentation create by B.COM(Computer Application) Student
-This rural development Presentation is cover some rural Development Activity in India
Vasu thanks his teacher and principal for allowing him to do a project on "Beti Bachao, Beti Padhao, Beti Khilao" which helped increase his knowledge. The project aims not only to get good marks but also to raise awareness. It discusses the declining sex ratio in India, reasons for it like female infanticide and selective abortion, and efforts by the government like the Beti Bachao, Beti Padhao scheme to promote the education and empowerment of girls.
Consumer services first emerged when division of labor became commonplace and limited people's knowledge, creating a need for services to support products. Major developments include Alexander Graham Bell patenting the telephone in 1876, enabling remote customer support, and the rise of internet-based customer service tools starting in the 1980s. Zomato originated in India in 2008 and has since grown to provide restaurant listings and food delivery services to over 24 countries, reaching over 1.5 million restaurant listings and $2 billion in annual sales by 2020 through expanding its city coverage and acquiring competitors. While online food delivery remains unprofitable due to high costs, Zomato has pursued strategies like cloud kitchens and reducing discounts to eventually become profitable as the market continues growing
2 billion people globally have no bank account, but 1 billion of them have a mobile phone. Markets for digital financial services are expanding worldwide.
The Swachh Bharat Mission was launched in 2014 by Prime Minister Narendra Modi to fulfill Mahatma Gandhi's vision of a Clean India. The mission aims to eliminate open defecation through the construction of household and community toilets, and establish an integrated system for solid and liquid waste management by 2019. It covers both rural and urban areas, with sub-missions to achieve the objectives of providing sanitation facilities and ending manual scavenging across India.
This document is a certificate certifying that Vivek Jain completed a project on "WASTE MANAGEMENT" in the year 2016-17 under the guidance of Mr. H.C. Tiwari, the Principal of Shri Vaishnav Academy in Indore. It acknowledges Vivek Jain's satisfactory work on the project. The document then discusses moving towards a digital cashless economy in India by eliminating cash transactions and problems with the current system like black money. It describes how such a system would work using digital payments and enable direct tax collection at the time of transactions. Potential advantages include reducing crimes, saving government resources and ensuring complete tax collection. Challenges in implementing it in India are also
SDG 6 aims to ensure availability and sustainable management of water and sanitation for all by 2030. It has various targets including access to clean water, reducing pollution, improving water quality by reducing dumping of hazardous chemicals. The COVID-19 pandemic has highlighted the importance of clean water and sanitation as hand washing is critical to prevent spread but billions lack access. Progress on SDG 6 positively impacts other goals and challenges include financing, data, capacity and innovation.
Central Finance Commissions and Local Governments in IndiaRavikant Joshi
This PPT delivered to Scholars of Indian School of Public Policy explains in detail role played by Central Finance Commission in India with regard to devolution of funds to urban local bodies of India.
The document discusses financial inclusion in India. It defines financial inclusion as the delivery of affordable financial services to disadvantaged and low-income groups. The government and Reserve Bank of India have implemented several initiatives to promote financial inclusion, such as "no-frills" bank accounts, banking services through business correspondents, and electronic benefit transfers. However, full financial inclusion has not been achieved, as an estimated 560 million Indians still lack access to formal financial services. Innovative products, regulation, technology, and public-private partnerships are needed to make further progress on financial inclusion in India.
Financial inclusion by Joycee Wilson Dolare Joycee Pari
The document discusses financial inclusion in India. It defines financial inclusion as the delivery of affordable financial services to disadvantaged and low-income groups. The government and Reserve Bank of India have implemented several initiatives to promote financial inclusion, such as "no-frills" bank accounts, banking services through business correspondents, and electronic benefit transfers. However, full financial inclusion has not been achieved, as an estimated 560 million Indians still lack access to formal financial services. Innovative products, regulation, technology, and public-private partnerships are needed to make further progress on financial inclusion in India.
The document discusses India's Swachh Bharat Abhiyan (Clean India Mission). It was launched in 2014 by Prime Minister Narendra Modi with the goal of eliminating open defecation and improving sanitation across India by 2019. It outlines the campaign's objectives, strategies for individual and corporate participation, penalties for littering, and results of a survey showing high awareness but room for improved action. The presentation concludes by emphasizing continued community involvement through appreciation and personal responsibility to achieve a truly clean India.
Zomato startup of india by sneha aroraSnehaArora26
I have made my ppt on zomato- startup by India.
if you found my ppt interesting then don't forget to like my PowerPoint presentation. I guarantee you this includes all current information on the topic .thank you
This document provides guidance on promoting and operationalizing self-help groups (SHGs) in Madhya Pradesh, India. It discusses the key components of the SHG model including group formation processes, maintenance systems, monitoring, and indicators of group health. The document outlines stages of group formation, roles and functions of SHGs, and processes for meetings, savings, and lending. It emphasizes building the capacity of community resource persons and SHG members through training.
Digital Marketing in Banking: Evolution and RevolutionCognizant
Proving the effectiveness of bank marketing strategies beyond brand-building has always been a challenge. Now, several converging forces may help propel marketing forward as a revenue source rather than a cost center.
Involvement of Women in rural developmentanupama_jal
Women play a key role in rural development in India. All five-year plans have emphasized developing women in rural areas. While India has seen high economic growth, around 350 million people still live below the poverty line. Empowering rural women through education and skills training can help increase incomes and quality of life in rural communities in a sustainable way. The objectives are to provide alternative education to women, increase their participation through empowerment, and build capacity to make women economically independent.
Role of Self-Help Groups in Empowering Rural Women: A case study on selected ...iosrjce
Micro finance is emerging as a powerful tool for poverty alleviation in India. This approach has
recognition in India after the launch of SHGs and Bank linkage programme by NABARD in the year 1992.
According to United Nations, micro finance institutions are the basic provider of small savings, micro credit
and other basic financial services to poor and marginalised section like women. Despite substantial
contributions of women to both household and national economy, their contributions are not recognised in the
society. Rapid progress in SHGs and Bank linkage model has now turned into an empowerment movement
among women in the country. From various empirical studies, it is found that micro finance through SHGs and
Bank linkage model has enabled the members of SHGs to improve their socio-economic status. It also improves
family savings, decision making process, self confidence among women section of our society. Micro finance is
also necessary to overcome social exploitation and create confidence for self reliance among rural women and
poor section of our society. Apart from the informal financial institutions, the formal and semi formal sectors
also are taking much interest in providing micro finance to rural women in Assam. These financial institutions
not only provide small savings and micro credit to women but bringing them together in organised banking
sector. This paper highlights that micro finance through SHGs has a positive role in income, savings and
investment of women in Rani Block of Kamrup District of Assam
Swach Bharat Abhiyan Challenges and Prospectsijtsrd
Swach Bharat Abhiyan, it means that clean India mission it is a national level campaign launched by the Government of India on 2nd October 2014 to accelerate the efforts to achieve universal sanitation coverage. It is a major step towards the protection of degrading environment. The important objects of the mission include elimination of open defecation, conversion of insanitary toilets to pour flush toilets, eradication of manual scavenging and above all to bring about a behavioral change in people regarding healthy sanitation practices. It also ensures public participation in achieving these objectives. The campaign aims to achieve its objectives on 2019 as a tribute to Mahatma Gandhi on his 150th birth anniversary. The important objective of the SBM is that to improve the level of cleanliness and to make open defecation free. Swach Bharat mission has had the biggest domino effect in the world. Because it has addressed the centuries old practices on open defecation and it has had major health and economic impact. According to reports, 11 states are now open defecation free namely Sikkim, Himachal Pradesh, Kerala, Uttarakhand, Haryana, Gujarat, Chandigarh, Daman and Diu, Arunachal Pradesh, Chhattisgarh and Meghalaya. India, which had sanitation coverage of mere 41.92 per cent in 2014 has increased its coverage to 63.94 per cent, and this improvement is being viewed as a major success of the campaign. More than 3.5 crore toilets have been built under the mission in two years compared 83 lakh toilets built in 10 years between 2001 and 2011 under the Total Sanitation Campaign, as per the Ministry of Drinking Water and Sanitation. Not only is it a sharp increase in the number of toilets built under any national sanitation programme, but the pace of constructing toilets under Swach Bharat has been speedier as well. Nearing three years of completion, the campaign has now also laid its focus on the other aspects of sanitation such as behavioral change, piped water supply to toilets and drainage. However, it has been clearly declared that the campaign is not only the duty of the government but each and every citizen of the country is equally responsible to keep the nation clean or swatch. Ashmi V. G "Swach Bharat Abhiyan: Challenges and Prospects" Published in International Journal of Trend in Scientific Research and Development (ijtsrd), ISSN: 2456-6470, Volume-4 | Issue-3 , April 2020, URL: https://www.ijtsrd.com/papers/ijtsrd30432.pdf Paper Url :https://www.ijtsrd.com/humanities-and-the-arts/social-science/30432/swach-bharat-abhiyan-challenges-and-prospects/ashmi-v-g
The document provides an overview and analysis of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme launched by the Indian government. It discusses the background and objectives of PMJDY, which aims to provide universal access to banking facilities and promote financial inclusion. The performance has exceeded expectations with over 12.5 crore accounts opened within the first 9 months. Going forward, stakeholders will need to address operational challenges to strengthen implementation and ensure accounts remain active. The success of PMJDY can help promote inclusive growth in India.
The document discusses India's Swachh Bharat Abhiyan (Clean India Mission), a national campaign launched by Prime Minister Modi on October 2, 2015. The campaign aims to eliminate open defecation and improve solid waste management in rural and urban areas by October 2, 2019, the 150th anniversary of Gandhi's birth. It involves building toilets, raising public awareness about sanitation and health issues, and encouraging attitude and behavior change among India's citizens regarding cleanliness. The document outlines the campaign's goals and challenges in implementing it on a national scale.
This document provides an overview of rural development in India. It discusses the evolution of rural development through different phases, from agricultural marketing pre-1960s to a more comprehensive rural development approach today. Key characteristics of rural markets in India are described, such as large population size, agricultural occupations, low literacy and infrastructure. The strategies, programs, and infrastructure used to promote rural development are also summarized, covering areas like agriculture, health, education, banking, and marketing channels. Overall, the document outlines the major concepts, approaches, and current status of rural development initiatives in India.
The National Rural Livelihoods Mission (NRLM) was launched in 2011 with the goal of alleviating poverty through self-managed self-help groups, financial inclusion, and sustainable livelihood opportunities. NRLM aims to cover 7 crore rural households across India. It focuses on social mobilization and building strong grassroots institutions through self-help groups. NRLM provides support structures at national, state, district and local levels to facilitate livelihood programs and access to financial services for rural communities.
This Rural Development Presentation create by B.COM(Computer Application) Student
-This rural development Presentation is cover some rural Development Activity in India
Vasu thanks his teacher and principal for allowing him to do a project on "Beti Bachao, Beti Padhao, Beti Khilao" which helped increase his knowledge. The project aims not only to get good marks but also to raise awareness. It discusses the declining sex ratio in India, reasons for it like female infanticide and selective abortion, and efforts by the government like the Beti Bachao, Beti Padhao scheme to promote the education and empowerment of girls.
Consumer services first emerged when division of labor became commonplace and limited people's knowledge, creating a need for services to support products. Major developments include Alexander Graham Bell patenting the telephone in 1876, enabling remote customer support, and the rise of internet-based customer service tools starting in the 1980s. Zomato originated in India in 2008 and has since grown to provide restaurant listings and food delivery services to over 24 countries, reaching over 1.5 million restaurant listings and $2 billion in annual sales by 2020 through expanding its city coverage and acquiring competitors. While online food delivery remains unprofitable due to high costs, Zomato has pursued strategies like cloud kitchens and reducing discounts to eventually become profitable as the market continues growing
2 billion people globally have no bank account, but 1 billion of them have a mobile phone. Markets for digital financial services are expanding worldwide.
The Swachh Bharat Mission was launched in 2014 by Prime Minister Narendra Modi to fulfill Mahatma Gandhi's vision of a Clean India. The mission aims to eliminate open defecation through the construction of household and community toilets, and establish an integrated system for solid and liquid waste management by 2019. It covers both rural and urban areas, with sub-missions to achieve the objectives of providing sanitation facilities and ending manual scavenging across India.
This document is a certificate certifying that Vivek Jain completed a project on "WASTE MANAGEMENT" in the year 2016-17 under the guidance of Mr. H.C. Tiwari, the Principal of Shri Vaishnav Academy in Indore. It acknowledges Vivek Jain's satisfactory work on the project. The document then discusses moving towards a digital cashless economy in India by eliminating cash transactions and problems with the current system like black money. It describes how such a system would work using digital payments and enable direct tax collection at the time of transactions. Potential advantages include reducing crimes, saving government resources and ensuring complete tax collection. Challenges in implementing it in India are also
SDG 6 aims to ensure availability and sustainable management of water and sanitation for all by 2030. It has various targets including access to clean water, reducing pollution, improving water quality by reducing dumping of hazardous chemicals. The COVID-19 pandemic has highlighted the importance of clean water and sanitation as hand washing is critical to prevent spread but billions lack access. Progress on SDG 6 positively impacts other goals and challenges include financing, data, capacity and innovation.
Central Finance Commissions and Local Governments in IndiaRavikant Joshi
This PPT delivered to Scholars of Indian School of Public Policy explains in detail role played by Central Finance Commission in India with regard to devolution of funds to urban local bodies of India.
The document discusses financial inclusion in India. It defines financial inclusion as the delivery of affordable financial services to disadvantaged and low-income groups. The government and Reserve Bank of India have implemented several initiatives to promote financial inclusion, such as "no-frills" bank accounts, banking services through business correspondents, and electronic benefit transfers. However, full financial inclusion has not been achieved, as an estimated 560 million Indians still lack access to formal financial services. Innovative products, regulation, technology, and public-private partnerships are needed to make further progress on financial inclusion in India.
Financial inclusion by Joycee Wilson Dolare Joycee Pari
The document discusses financial inclusion in India. It defines financial inclusion as the delivery of affordable financial services to disadvantaged and low-income groups. The government and Reserve Bank of India have implemented several initiatives to promote financial inclusion, such as "no-frills" bank accounts, banking services through business correspondents, and electronic benefit transfers. However, full financial inclusion has not been achieved, as an estimated 560 million Indians still lack access to formal financial services. Innovative products, regulation, technology, and public-private partnerships are needed to make further progress on financial inclusion in India.
This document summarizes the State Bank of Pakistan's efforts to promote financial inclusion and consumer protection in Pakistan. It discusses SBP's multi-pronged strategy, which includes requiring banks to offer basic low-cost accounts, expanding branch networks, developing regulations for microfinance and branchless banking, supporting a national financial literacy program, and establishing a legal and regulatory framework for consumer protection. It also describes the Financial Innovation Challenge Fund's second challenge round focusing on innovative rural and agriculture finance to improve financial access for rural communities and small farmers in Pakistan.
Unsgsa thoughts on financial inclusion in post2015 development 2013 Dr Lendy Spires
The document discusses financial inclusion and its importance for development. It notes that 2.5 billion adults globally lack access to formal financial services, which disproportionately impacts the poor and those in emerging/developing countries. Financial inclusion, through universal access to banking and other services, can help lift people out of poverty and support small businesses and economic growth. Recent innovations in technology and mobile banking have helped make financial inclusion a growing reality and priority for policymakers, who are establishing national strategies and targets to expand access and usage of financial services.
This document discusses the need for financial inclusion in India and the challenges involved. It notes that currently 41% of the adult population in India is unbanked, with even higher percentages in rural areas. Marginalized groups like small farmers, laborers, and women have little access to formal financial services. The purpose of financial inclusion is to provide affordable banking services to low-income and disadvantaged groups. However, achieving widespread financial inclusion faces challenges such as lack of awareness, high costs, documentation requirements, and behavioral barriers. The Reserve Bank of India has taken steps like promoting no-frills bank accounts but more efforts are needed to overcome issues like agent risk, dormant accounts, financial illiteracy, and ensuring long-term
The document discusses financial inclusion in India and the Reserve Bank of India's efforts toward achieving it. It provides an overview of the objectives of financial inclusion, which include increasing savings, investment, and economic growth by bringing the unbanked masses into the formal banking system. It notes that while progress has been made, access to financial services remains limited. The Reserve Bank of India has adopted a structured approach focused on both supply-side and demand-side constraints, using banks as the main vehicles for inclusion but allowing partnerships with non-banks. More efforts are still needed to achieve universal financial inclusion across India.
This document provides an overview of a study on strategies for financial inclusion in Solapur District, India. It begins with background on financial inclusion concepts from prominent Indian leaders. It then reviews the status of financial inclusion in India and defines key terms. The document outlines the objectives and hypotheses of the study, which include analyzing barriers to and promoters of financial inclusion for weaker sections. The methodology discusses collecting primary data through surveys of managers, customers and government offices, as well as secondary data.
BSFL is a microfinance institution that provides livelihood promotion services including microfinance, insurance, and technical assistance. It uses a livelihood triad strategy comprising livelihood financial services, agricultural/business development services, and institutional development services. BSFL has over 1 million customers concentrated in rural areas across 14 Indian states. It aims to expand its customer base to 10 million by 2014 through urban and rural outreach. BSFL's integrated approach to livelihood promotion has contributed to poverty reduction and supported vulnerable groups like women in rural India.
Financial inclusion provides access to formal financial services for disadvantaged groups and small businesses, promoting economic development. Globally, half of all adults lack bank accounts, including 80% of those living on under $2 per day. Without access to financing, small businesses and families must rely on informal mechanisms, hindering investment, employment, and growth. Financial inclusion can be expanded through initiatives like microfinance, mobile banking, and financial education, enabling people to invest, manage cash flow, and build resilience, lifting incomes and reducing poverty. Governments and organizations should promote financial inclusion programs that can generate employment and entrepreneurship.
This document discusses financial inclusion in the Middle East and Saudi Arabia. It defines financial inclusion as access to affordable and usable financial services. The importance of financial inclusion is discussed, including its role in job creation, poverty alleviation, and boosting incomes. While financial inclusion can help the poor and small businesses, the literature suggests governments in the Middle East are not doing enough to increase uptake of financial services through education campaigns. The document will examine prevalence of banking, loans, and mobile banking in Saudi Arabia in 2017.
The State of Financial Inclusion – An Overview and AdvancementIJLT EMAS
Financial Inclusion is delivery of banking services at an affordable cost to the vast sections of disadvantaged and low income groups. The main focus of financial inclusion in India is to promote sustainable development and generating employment in rural areas for the rural population. In India, few households have access to banking services. There are many factors affecting access to financial services by weaker section of society in India. Several steps have been taken by the Reserve Bank of India and the Government to bring the financially excluded people to the fold of the formal banking services. Financial Access Survey for 2016 released by International Monetary Fund (IMF) shows that in India there only 13 commercial bank branches per 1,00,000 individuals. PM Jan Dhan Yojna (PMJDY) was highly successful in opening bank accounts in which more than 97% of the accounts were opened with the public banks, but around 72% of these accounts show 'zero balances'. More than 1 crore bank accounts have been opened under PMJDY. However, despite the opening of such accounts, access has been lower. Access to banking is an important indicator of the level of financial inclusion in the country. India's urban and semi-urban region performs fairly well, however rural region is still underdeveloped in banking. Digital India campaign recently launched schemes like MUDRA, startup India, PMJDY, initiation of new banks like payment banks, PSL certificates trading etc. are in the right direction. With government moving towards DBT for subsidies financial inclusion becomes very critical. Focus should shift to increase coverage, reach of services and ease of availing credit.
This document discusses financial inclusion in India. It defines financial inclusion as ensuring access to financial services for vulnerable groups at affordable costs. It outlines various definitions of financial inclusion from organizations like ADB, UN, and the Rangarajan Committee. It discusses the historical perspective of financial inclusion in India since the 1950s. It notes that while access to financial services has increased, 100% inclusion has not been achieved. The document reviews several studies on topics like the level of inclusion in various Indian states and cities. It discusses the need for financial inclusion to promote equitable growth, poverty eradication, and sustainable livelihoods. Finally, it outlines the research methodology used in a case study on financial inclusion in an Indian village.
Financial inclusion aims to ensure access to affordable financial services for vulnerable groups like low-income individuals. It involves access to products like bank accounts, credit, insurance, remittances, and financial advice. The document outlines steps taken in India to promote financial inclusion, such as cooperative banking, nationalizing banks, and microfinance institutions. However, lack of technology, literacy, and appropriate business models have hindered progress. Recent efforts by the government and RBI, including no-frills accounts, business correspondent models, and financial literacy programs, aim to leverage technology and collaboration to make the poor bankable and further the goal of inclusive growth.
The document discusses financial inclusion and exclusion in India. It notes that only 5% of villages have a bank branch and 81% do not have one within 2 km. Many groups are financially excluded including the poor, women, elderly, and those in rural areas. It outlines various initiatives taken by the government and RBI to promote financial inclusion through programs like self-help groups, nationalization of banks, and the business correspondent model. Technology is seen as an important enabler but challenges remain around appropriate business models, infrastructure, and products.
Mollifying poverty through microfinance indian perspectiveAlexander Decker
1) Microfinance is seen as a tool to reduce poverty levels in India by providing credit to the poor and disadvantaged who lack access to formal financial services.
2) The government of India has implemented various microfinance schemes through organizations like NABARD and SIDBI to expand access to microcredit and support self-help groups and microfinance institutions.
3) These schemes arrange funding for MFIs/NGOs, provide training, and help build institutional capacity to identify viable projects and beneficiaries. Budgetary support and an oversight committee also help scale microfinance programs.
Microfinance institutions (MFIs) can help promote financial inclusion and literacy in rural areas. MFIs are uniquely positioned to reach the rural poor through their existing operations and understanding of local issues. MFIs can launch a three-pronged approach involving financial education campaigns, appointing local correspondents, and providing counseling to spread awareness of financial concepts and services. This would help the poor better manage their money, access banking products, and plan for economic security through mainstream financial systems. Financial literacy is key to ensuring underserved communities can effectively utilize financial services and institutions.
Rani Singh-Financial Inclusion Issues and ChallengesRani Singh
This document discusses the challenges and issues around financial inclusion in India. It provides statistics that show progress expanding access to banking services, but notes that full inclusion has not been achieved. Key issues discussed include the need to cover all households, not just villages; ensuring technology platforms are robust; improving financial literacy; and overcoming operational challenges in rural areas. The Prime Minister's Jan Dhan Yojana aims to provide universal banking access to all households by 2015 through basic bank accounts with debit cards and insurance, but achieving widespread usage remains a challenge.
The document discusses the future of microfinance in India. It notes that microfinance has expanded rapidly in recent years, with membership in associations growing and loan amounts outstanding increasing significantly from 2001-2004 and 2001-2005 for various microfinance programs and institutions. It also discusses the growing partnership models between banks and MFIs, and innovations in how banks provide funding to MFIs. Going forward, it emphasizes the need for greater financial literacy, product differentiation, and ensuring client empowerment through education on loan terms and conditions.
This document provides an overview of financial inclusion strategies and technologies. It summarizes India's socio-economic landscape and the reasons for financial exclusion. It then outlines a feasible solution for financial inclusion through various financial instruments and technology solutions like self-service ATMs and mobile apps. Case studies from countries like the UK, Brazil, Kenya, China and India's own national rural financial inclusion plan are also presented to show best practices in promoting inclusive finance. The conclusion is that self-service technology solutions are essential to address the scalability and sustainability challenges of financial inclusion given the large unbanked population across vast geographies.
Do you want to implement a scalable and sustainable financial inclusion stra...Dr Lendy Spires
This document provides an overview of financial inclusion strategies and initiatives in India. It discusses the key role of government policies and technology solutions in promoting financial inclusion. Case studies from countries like the UK, Brazil, Kenya, China, and India's National Rural Financial Inclusion Plan are presented as examples of successful financial inclusion programs. The document concludes that self-service technology solutions will be essential to address the scalability and sustainability challenges of serving India's large unbanked population across vast geographies.
Similar to Inclusive finance for inclusive growth -Final (20)
Do you want to implement a scalable and sustainable financial inclusion stra...
Inclusive finance for inclusive growth -Final
1. Inclusive finance initiatives for
Inclusive growth
Md. Ashraful Alam
Deputy General Manager
Bangladesh Bank
Bangladesh 1
2. Bangladesh is considered a thought leader in financial inclusion, in light of the many initiatives and gains in
agricultural, MSMEs, women entrepreneurs, microfinance and more recently in mobile financial services.
2
Financial inclusion is a key element of
social inclusion necessary in fostering
inclusive growth participated by and
benefiting all population segments.
Dr. Atiur Rahman
3. An Acute Global Problem
Note: According to latest available data, the adult population now is about 5.08 billion
Financial Exclusion
Adults who use and do not use formal or semi formal financial services globally
(Billions of adults)
3
4. Global distribution of unbanked adults
Percentage of total adult population who do not use formal or semiformal financial services
4
5. Asia is home for 59% of the Unbanked Adults
An Acute Global Problem
876
612
0
100
200
300
400
500
600
700
800
900
1000
EastAsia SouthAsia
35% 24%
Millions
5
6. Key drivers of inclusion
Many countries do not fit the
overall pattern. For example,
India and Thailand appear to be
countries with relatively low per
capita income and a large rural
population,
but have greater use of financial
services than many relatively
richer and more urban countries.
Relationship between GDP per capita and
financial services
6
7. Inclusive growth
Inclusive growth defined:
Inclusive growth is a concept
that advances equitable
opportunities for economic
participants in the economic
growth process with benefits
equitably shared by the
participants.
Wide variation in definition
by ADB, World Bank and
others ; however the following
characteristics are critical:
7
Inclusive
Growth
Reduce
poverty and
inequality
Benefit the
most
marginalized
More than
income
Translate into
gains in
human
development
and increased
well-being
Participation,
not just
outcomes
Sustainable
8. Financial Inclusion/Inclusive finance
Financial inclusion is a state wherein there
is effective access to a wide range of
financial services for all.
Inclusive financial system is one that serves
all clients—not just the relatively well-off.
This means reaching out to underserved,
unserved, poor and low-income clients and
providing them with affordable and quality
financial services tailored to their needs.
An inclusive financial system is an
arrangement to achieve financial inclusion.
An inclusive financial system involves
fostering: 8
Financial
Inclusion
Sound
institutions,
Financial and
institutional
sustainability
Multiple
providers of
financial
services,
Broad range
of financial
services,
9. Importance and relevance of Financial Inclusion
Growing body of literature suggests that greater financial inclusion
contributes to financial stability and economic development and is critical for
achieving inclusive growth.
An inclusive financial system is not only pro-growth but also pro-poor, which
along with other interventions, reduces income inequality and poverty which
is central to inclusive growth.
Inclusive growth with stability as a policy choice is not possible without
achieving full Financial Inclusion.
In essence financial inclusion is not an policy option in achieving inclusive
growth rather its a prerequisite.
As agents entrusted with the task of achieving financial inclusion, the role of
the mainstream financial sector participants in achieving inclusive growth
becomes central.
9
10. Inclusive Finance virtuous cycle
Appropriate financial
inclusion
Inclusive economic growth Enhanced access to formal
economy/more savings and
investment
10
11. Goals of Financial Inclusion initiatives
Main goals of Inclusive Finance:
Providing access at a reasonable cost to all unbanked households and
enterprises to the range of financial services for which they are
“bankable,”
Establishing sound institutions,
Financial and institutional sustainability;
Multiple providers of financial services; and
Achieving an `Inclusive growth’
11
12. Exclusion-factors and consequences
The financially excluded
sections largely comprise
• Marginal farmers
• Self employed and unorganized
sector enterprises
• Ethnic minorities and socially
excluded groups
• Women
• disadvantaged and vulnerable
groups
• low income households
• handicapped persons
• women-owned SMEs
• SMEs in rural areas
• Newly established SMEs
Factors Affecting Financial
Inclusion
• Legal identity
• Limited literacy
• Level of income.
• Religion
• Ethnicity
• Geographical barriers
• Terms and conditions
• Complicated procedures
• Psychological and cultural
barriers
• Lack of awareness
Consequence of Financial
Exclusion
• Losing opportunities to grow
• Country's growth will retard
• Business loss to banks
• All transactions cannot be made
in cash
• Exclusion from mainstream
society
• Loss of opportunities to thrift
and borrow
• Employment barriers
12
13. Benefits of Financial Inclusion
Opportunities to grow
Enhanced economic activities and inclusive growth
New business opportunities for banks
Enlarge the size of formal sector
Cashless transactions, reduced risk and low cost
More inclusive society and social cohesion
Increased opportunities to thrift and borrow
Employment creation
Other allied financial services
13
15. Measuring Financial Inclusion
Robust, objective and reliable data can provide meaningful insights on the state of financial inclusion that can be used to
identify gaps, establish priorities and craft evidence-based policies. There are four lenses through which financial inclusion
can be measured:
Access
•Supply and
availability of
financial products
and services
Usage
•Utilization of
different products
and services
Welfare
•Impact of a
products or
services on the
lives of the
consumers
Quality
•Consumer
experience;
relevance of a
product or
services
15
16. A Paradigm Shift
“Access to Finance” is shifting to embrace the idea of providing banking
services (Payments, credit, savings, and insurance) to vast majority of
poor household and MSMEs rather than primarily delivering microcredit
for small scale business.
Bangladesh Bank has invested huge efforts in mainstreaming inclusion
agenda in its policy regime through various initiatives like:
– No frill accounts
– Agricultural Credit
– MSE and women entrepreneurs financing
– Green financing
– CSR
– Mobile banking
– Agent banking
– Financial education and literacy initiatives
– School banking etc.
16
17. Institutional framework
– Establishment of a cluster of development financing related
departments in BB
» Agricultural Credit and Financial Inclusion Department(ACFID)
» SME & Special Programs Department (SMESPD)
» Green Banking & CSR Department (GBCSRD)
» Financial Stability Department
» Financial Integrity and Customer Services Department
» Onsite supervision Department for MSME credit
» Mainstreaming Regulation and supervision department
– Engagement with public and private sector organization
– Advocacy and Promotion
– Stakeholders engagement
Inclusive Finance Approach: Institution building
17
18. Inclusive Finance Approach: Operational mainstreaming
Operational: Bangladesh Bank has taken a number of operational initiatives to
organize the inclusive financial initiative to spur inclusive economic growth:
• Provisioning of low cost Funding
– Refinance window
» ACFID, SMESPD & GBCSRD
– Low cost funding to specific sectors
• Technology
– Bangladesh Automated Clearing House (BACH)
» Bangladesh Automated Cheque Processing System (BACPS) and
» Bangladesh Electronic Funds Transfer Network (BEFTN)
» e-Payment Gateway
– National Payment Switch Bangladesh (NPSB) to facilitate inter-bank electronic payments
– Core Banking software for the banking system
– Online CIB
– Real-time gross settlements system (RTGS)
• Financial Literacy & Education
• Data & Measurements
18
19. Bangladesh bank has brought a paradigm shift in the policy environment.
The new policy environment is pro-poor, pro-people and driven towards
broadening financial access to the vast majority of unbanked, underserved
population. Inclusive financing policy initiatives are in various areas
Inclusive Finance Approach: Policy intervention
19
No-frills accounts for marginal farmers, share
croppers, social safety net people
Share croppers loan
Target based lending
• Agriculture,
• SME and
• Green finance
Women entrepreneurs development
Digital Financial services
• Payments systems
• Bank led mobile financial services
20. –Linkage with MFIs
–Agent banking
– SME & Agricultural branch
–Rural vs Urban branch
–Corporate social responsibility
–Environmental Risk Management
–Green Financing
–Customers’ interest protection Centre (CIPC)
Inclusive Finance Approach: Policy intervention
20
21. Transmitting inclusive growth agenda through Monetary Policy
Bangladesh Bank administers the monetary policy mainly to achieve price
stability and to support projected GDP growth.
Inflation targeting and promoting inclusive growth, not merely growth, has
been the focus of BB’s monetary policy since Dr. Atiur Rahman has joined as
Governor. His first MPS states that-
“The efforts would be directed at gearing up economic activities by
encouraging adequate credit flows to all productive sectors, especially to
agriculture, SMEs, infrastructure, and other rural activities, for
recouping the losses due to floods and cyclone and improving the
domestic supply situation.”
- Monetary Policy Statement
July 2009
21
30. Account at a formal
Financial Institutions (%,
age 15+)
Account at a formal
Financial Institutions,
Female (%, age 15+)
Loan from Financial
Institutions past year (%,
age 15+)
Saved at a Financial
Institutions past year (%,
age 15+
Account at a formal
Financial Institutions,
Young Adults (%, age
15+)
Account at a formal
Financial Institutions,
income bottom 40% (%,
age 15+)
World 50 47 9 22 37 41
South Asia 33 25 9 11 24.7 26
Bangladesh 40 35 23 17 25.6 35
0
10
20
30
40
50
60
Percentage
Bangladesh Findex
Source: Little Data book on Financial Inclusion, The World Bank- 2012
30
Status of Financial Inclusion in Bangladesh
32. Status of Financial Inclusion in Bangladesh
32
5.08
5.28 5.31 5.46
5.65 5.78
0.81
1.44
1.97
2.84
3.41
3.55
0
1
2
3
4
5
6
2009 2010 2011 2012 2013 2014
Bank Branch ATMs
Number of bank branches and ATMs per 100,000 population
Source: Bangladesh Bank, 2014
33. Status of Financial Inclusion in Bangladesh
33
267.29
329.58
368.33
385.33
412.84 423.38
60.24 62.60 63.94 62.94 62.91 62.92
0
50
100
150
200
250
300
350
400
450
2009 2010 2011 2012 2013 2014
Deposit AC Loan AC
Number of deposit and loan accounts per 1000 population
Source: Bangladesh Bank, 2014
35. o Sustained 6% plus economic growth over the last decade with:
sound macroeconomic fundamentals
downward edging inflation
moderate fiscal deficits
o Incremental domestic output stabilizing domestic prices
o Inclusive financing stabilizing the financial sector by bringing large and
diverse bases of small loans and deposits
o Inclusive growth strategy generating strong internal demand
Growth and stability outcomes
36. GDP and per capita GDP movement over time
37
400
421
496
544
619
685
763
842
862
958
1,115
0
200
400
600
800
1000
1200
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
USD
GDP per capita (current USD)
4
4.5
5
5.5
6
6.5
7
7.5
2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Percentage
GDP growth in Bangladesh
Source: World Bank and Bangladesh Bank
47. Way forward
• Regulatory framework has a profound impact on financial eligibility of poor
households and MSMEs
• But regulators struggle to keep abreast of new technologies and business
models
• Standard Setting Bodies (SSBs) have advocated a risk-based approach to
balance financial stability/integrity with financial inclusion.
• With an enabling policy environment together with technology-driven
innovations, alternative Financial Service Points(FSPs) and delivery channels
can become effective ways to access and use different financial products and
services
• Peer learning through various platforms (AFI, IFC GPFI etc.) plays a critical
role in helping countries to implement balanced regulatory frameworks
48
48. o Inclusive and environmentally responsible financing is of high urgency
for low income climate-change threatened economies like Bangladesh.
o Inclusive financing has served Bangladesh well to retain real and
financial sector stability amid the global financial crisis.
o Bangladesh’s approach of internalizing inclusive, green financing within
the framework of traditional stability focused monetary and financial
policies have started attracting external attention.
Concluding Remarks
49. “Those whom you push down will chain you down
Those whom you leave behind will pull you behind
The more you envelope them under darkness of ignorance
The more distant will your own welfare be!”
Literal translation from a poem of Rabindranath Tagore (1861-1914)
“Disgraced” in Gitanjali
These findings support the idea that countries can improve levels of financial inclusion by creating effective regulatory and policy environments and enabling the actions of individual financial services providers.
Sound Institutions: ensured by self-regulation and standard setting, performance monitoring and sound prudential regulation
Sustainability
Multiple providers of financial services: to bring down costs and provide a variety alternatives to clients, including sound private, non-profit and public providers; and
Broad range of financial services: including credit, savings, insurance, remittances, pensions and mortgages.
Institutions guided by appropriate internal management systems, industry performance standards, and performance monitoring by the market, as well as by sound prudential regulation where required
as a means of providing access to financial services over time
wherever feasible, so as to bring cost-effective and a wide variety of alternatives to customers
Products
(Service variety)
Payments (ATM/Debit cards, Government payments, remittances, e-payments
Savings (savings accounts, checking/current accounts, pensions, youth savings)
Insurance (Life, health, property, micro insurance and agricultural insurance)
Credit ( Personal , consumer, education, mortgage, home)
Features
(Extent of use)
Affordability (costs, minimum requirements and fees)
Availability and convenience(days to complete transaction, documents required and physical proximity)
Quality (Consumer protection, including price transparency, fair disclosure, responsible finance practices risk management and assessment with inclusive credit information system)
Channels
(Institutional availability)
Access points (banking beyond branches,
Financial infrastructure ( payments and settlement system, credit reporting and collateral registries)
Institutions (banks/non banks, insurance companies, Credit cooperatives and MFIs
Clients (People with demand for services including excluded and underserved population)
Financial Inclusion has 3 broad indicator
Outreach- indicates extent of availability of service points
Geographical penetration
# of service points /100 sq. km
Demographic penetration
# of service points for 100000 people
Usage- Indicates extent of use of services by the people
# of deposit A/C per 1000 population
# of credit A/C per 1000 population
Deposit-GDP ratio
Credit –GDP ratio
Quality – customer protection, complaints handling and ease of use etc.
Target based financing initiatives has been a great success as depicted by reduction in the gap between target and achievement; and gradually exceeding target by achievement from FY13 onwards.