competition wizard magazine

competition wizard magazine
competition wizard magazine

Friday, May 21, 2021

ssccgl mock test in hindi

ssccgl mock test in hindi

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 ssccgl mock test in hindi

Monday, May 10, 2021

shine india magazine subscription

 shine india magazine subscription

shine india magazine subscription Published this articles page no 121

Financial inclusion is a process of ensuring access to appropriate financial products and services needed by all sections of the society in general and vulnerable sroups in particular at an affordable cost in a fair and transparent manner by regulated mainstream institutional players (001 2008). The objective of financial inclusion is to transform the lives of vulnerable people mainly poor by providing them access to banking finance and enabling them to generate stable income (Reddy 2017).shine india magazine subscription

shine india magazine subscription

 shine india magazine subscription

shine india magazine subscription Published this articles page no 127

 The efforts made by the government and the RBI resulted in branch expansion but the money lender continued to play an important role. The number of banking offices in India on the eve of establishment of the RBI in 1935 were 946. In March 1969 when banks were nationalized there were only 1833 rural and 3342 semi urban bank offices out of total rural areas even after nationalisation because bank branches were few and located far away. The spread of branch networks was extensive but despite governments efforts to expand banking penetration and extend credit share of professional moneylenders in rural credit started increasing after 1991 shine india magazine subscription.

shine india magazine yearly subscription

 shine india magazine yearly subscription


shine india magazine yearly subscription Published this articles page no  128 Government Initiatives

To ensure a banking account in every household the Prime Minister on assuming office in the maiden speech from the Red Fort on August 15 2014 announced the need for concerted efforts. Pradhan Mantri Jan DhanYojana (PMJDY) which envisages universal access to banking facilities with at least one basic banking account for every household consolidates governments effort to increase number of households availing banking services. As of December 06 2017 a total of 30.7 crore accounts had been opened under the scheme of which 18.1 crore are in rural areas and 12.7 crore in urban areas. The number of RuPay cards have also increased to 23.1 crore. The progress has been impressive considering that total amount of bank deposits with commercial banks was Rs. 69841.2 crore as on December OC 2017.shine india magazine yearly subscription