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

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...
India’s FinTech sector has received $6 bn investment in last 2 years: RBI chief

India’s FinTech sector has received $6 bn investment in last 2 years: RBI chief

by AIP Online Bureau | Aug 29, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Regulation, Technology

Shaktikanta Das,Governor,RBI RBI Governor Shaktikanta Das said to build a financial system that serves the broader society, it was essential to give priority to digital financial inclusion. While significant strides have been made in expanding financial inclusion, the...
Pradhan Mantri Jan Dhan Yojana@10: World’s Largest Financial Inclusion Mission

Pradhan Mantri Jan Dhan Yojana@10: World’s Largest Financial Inclusion Mission

by AIP Online Bureau | Aug 27, 2024 | Articles, Banking & Bancassurance, Eco/Invest/Demography, Life, Non-Life, Policy, Technology

PMJDY, the world’s largest successful mission has already crossed the 53 crore beneficiaries mark Through PMJDY, one can avail benefits of multiple schemes via Direct Benefit Transfer (DBT). They include Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri...
RBI’s financial inclusion index rises; shows growth across all segments

RBI’s financial inclusion index rises; shows growth across all segments

by AIP Online Bureau | Sep 16, 2023 | Data, Eco/Invest/Demography, Life, Non-Life, Pension & Social Security

In August 2021, the central bank said it has been conceptualised as a comprehensive index, incorporating details of banking, investments, insurance, postal, as well as the pension sector, in consultation with government and respective sectoral regulators Mumbai: The...

“Our nation has achieved 80pc financial inclusion”: Amit Shah cites World Bank report

by AIP Online Bureau | Sep 8, 2023 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Technology

World Bank said JAM (Jan Dhan, Aadhar, Mobile) trinity – a combination of bank accounts for all, Aadhaar, and mobile connectivity — has propelled financial inclusion rate from 25 per cent in 2008 to over 80 per cent of adults in past six years, a journey which...
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