The document outlines the initiatives for financial inclusion in India, specifically through the Jan Dhan Yojana, which aims to provide banking services to unbanked households and promote savings with features like no-frills accounts and overdraft facilities. It also discusses the Rupay payment gateway, launched as a domestic alternative to international systems, emphasizing lower transaction costs and increased access to various financial services across the country. The overall goal is to enhance the accessibility and efficiency of financial services for disadvantaged sections of society.

1. Prepared &
Presented By:
Akshank Shah

2. Financial Inclusion
“...the delivery of banking services at affordable costs to the vast sections of
disadvantaged and un-served segments of society.”
EBT – Electronic Benefits Transfer
Banking service available through business
correspondents
Plug gaps and leaks in public subsidies and
welfare programmes
Providing formal credit avenues
Creating a platform for inculcating the habit to
save money
'no frills' account either with 'NIL' or very
minimum balances

3. Financial Inclusion
“...aimed at provide financial services available to every household.”
1. 'no frills' account either with 'NIL' or very minimum
balances
2. Each household to have at least one bank account
-to cover about 7.5 crore unbanked households
3. Overdraft facility of ₹5000
-after 6 months of operation
3. RuPay Debit & RuPay Kisan Cards
-In built accidental insurance cover of ₹1 lakh
-In built life insurance cover of ₹30,000
5. As on date,
-4.18 crore accounts have been opened & counting
6. BSNL to provide m-wallet services
7. Wage seekers under MNGREGA will receive payments
-4.41 crore individuals to open their account using Job
card
Formally launched on
‘28 August 2014’
By Prime Minister
‘Shri Narendra Modi’
जन धन योजना
People’s Wealth Scheme
www.financialservices.gov.in

4. Operations
“...aimed to operate for the benefit of all the member banks and
their customers.”
Incorporated as a Section 8 Company under The Companies Act, 2013.

5. Card Payment Scheme
“…to offer a domestic, open-loop and multilateral system of payments in India.”
 To consolidate
and integrate
various payment
systems in India.
Launched:
26th March 2012
Inaugurated by:
Pranab Mukherjee
(President of India)
 Introduced as an open scheme.

6. ‘Desi’ alternative
“To emerge as an alternative of
international payment gateways like
VISA or MasterCard.”
- in Asia’s 3rd largest economy
Benefits:
No participation fee for banks and other FIs.
Protection of information related to Indian consumers.
Lower cost of clearing and settlement for each transactions.
Inter-operability between various payments channels and products.
A domestic scheme committed towards development of customized product
and service offerings for Indian consumers.

7. RuPay as a Payment Gateway

8. Operations
“go 'global' in a strategic tie-up ”
Transaction fees:
0.45% up to Rs. 2000
0.65% above Rs. 2000
Mutual Fund, Insurance, Education and Government - ₹10
a sub-one rupee switching fee scheme:
60paise(Issuing Bank)+30paise(acquiring bank)
network-to-network alliance

9. Take control…
Execution:
Regulate the allocation of RuPay Debit card in
addition to standard issue of MasterCard/VISA
Debit card.
Support e-commerce growth
 Encourage online payment for
purchase
 Adoption at ATM, Micro ATM & PoS
service
 Encourage cashless transactions
 Contactless EMV Cards
Further plans:
 Provide Credit to existing
debit card holders

10. Gaining stance
"(RuPay Card transactions are) just a drop in the ocean at the moment. But drop
by drop we are increasing our size."
-A P Hota, chief executive of NPCI
“RuPay will not only reduce dependence on cash, but will offer users diverse
set of payment option within the country.”
-President Pranab Mukherjee
RuPay users has now almost
doubled from 23 million at the end
of July; expected to rise to 160
million, with more than 60 percent
of the increase coming from the
government scheme.
“Jan Dhan itself would provide a big opportunity for the domestic card brand
to be a formidable force.”
- A P Hota, chief executive of NPCI

12. Be proud
to be
an