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India’s financial inclusion index improves, surges to 67 from 64.2 in March 2024: RBI

India’s financial inclusion index improves, surges to 67 from 64.2 in March 2024: RBI

by AIP Online Bureau | Jul 22, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life, Regulation

It captures the level of financial inclusion using data from different sectors, including banking, insurance, investments, pensions and postal services. Mumbai: The Reserve Bank of India (RBI) on Tuesday said that the country’s financial inclusion index...
Need to further strengthen financial inclusion initiatives: FM Sitharaman

Need to further strengthen financial inclusion initiatives: FM Sitharaman

by AIP Online Bureau | May 13, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

Finance Minister Nirmala Sitharaman As of March 19, PMJJBY has enrolled 23.36 crore individuals. During the decade, the scheme processed 9,37,524 claims, of which 9,05,139 claims were successfully disbursed, releasing a total sum of Rs 18,102.78 crore. New Delhi:...
Regulations should not create unintended barriers for financial inclusion: RBI Guv

Regulations should not create unintended barriers for financial inclusion: RBI Guv

by AIP Online Bureau | Mar 26, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Regulation, Risk Management

“India has made substantial progress on financial inclusion with 94 per cent of adults now having a bank account, It must be ensured that regulations do not create unintended barriers to financial inclusion. We need to be mindful of customer rights and...
Bring more people into fold of financial inclusion schemes: Fin Services Secy Nagaraju to banks

Bring more people into fold of financial inclusion schemes: Fin Services Secy Nagaraju to banks

by AIP Online Bureau | Jan 15, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Risk Management

Nagaraju said that significant progress has been made in expanding social security and deepening financial inclusion in the country through various flagship schemes of the government, and further urged the public and private sector banks to dedicatedly work towards...
Bring more people into fold of financial inclusion schemes: Fin Services Secy Nagaraju to banks

Finmin to meet heads of banks on Wed to review financial inclusion schemes

by AIP Online Bureau | Jan 12, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy, Regulation

M Nagaraju,Financial Services Secretary The Finance ministry from time to time launched various drives to achieve saturation under Pradhan Mantri Jan dhan Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY). New...
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