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Financial inclusion appears to be positively correlated with per capita income growth: IMF

Financial inclusion appears to be positively correlated with per capita income growth: IMF

by AIP Online Bureau | Jan 8, 2023 | Banking & Bancassurance, Eco/Invest/Demography, International News, Policy

IMF said, “For example, the launch of the Pradhan Mantri Jan Dhan Yojana programme in India in 2014, one of the world’s largest financial inclusion initiatives to date, is one prominent example of India’s national-level commitment to advancing...

FinMin to launch special campaign for financial inclusion from Oct 15

by AIP Online Bureau | Oct 2, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Pension & Social Security, Policy

”To further deepen Financial Inclusion (FI) framework, @DFS_India will organise a special campaign from 15th October 2022 to 26th November 2022, which will initially be rolled out at the Gram Panchayat (GP) level in following seven districts across India–...
Financial inclusion major step towards inclusive growth: FM

Financial inclusion major step towards inclusive growth: FM

by AIP Online Bureau | Aug 28, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Life, Non-Life

Nirmala Sitharaman,Finance Minister The success of the Pradhan Mantri Jan Dhan Yojana (PMJDY) since August 28, 2014 is reflected in terms of opening of over 46 crore bank accounts with deposit balance of Rs 1.74 lakh crore with its expanded coverage to 67 per cent...
RBI’s financial inclusion index rises; showing growth across all segments

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

by AIP Online Bureau | Aug 2, 2022 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Pension & Social Security, Policy, Regulation

The index captures information on various aspects of financial inclusion in a single value ranging between 0 and 100, where 0 represents complete financial exclusion and 100 indicates full financial inclusion. In August last year, the central bank said it has been...
income, investments, insurance and institutional credit to drive financial inclusion:PM Modi

income, investments, insurance and institutional credit to drive financial inclusion:PM Modi

by AIP Online Bureau | Dec 3, 2021 | Eco/Invest/Demography, Indian News, Life, Non-Life, Pension & Social Security, Policy, Technology

Prime Minister Narendra Modi “When income grows, investment becomes possible. Insurance coverage enables greater risk-taking ability and investments. Institutional credit gives wings for expansion. And We have worked on each of these pillars. When all these factors...
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