Category: Financial Inclusion


BIS Core Principles of Supervision for Effective Financial Inclusion

Bank for International Settlements released a consultative document in December 2015, entitled: “Guidance on the application of the Core principles for effective banking supervision to the regulation and supervision of institutions relevant to financial inclusion” inviting comments before 31st March 3016. This document meant for effective supervision of the non-banking financial intermediaries is the outcome […]

sansaad adarsh gram yojana meeting

Saansad Adarsh Gram Yojana : Role of Banks

The Prime Minister Sri Narendra Modi had announced on 11th October 2014 that each Member of the Parliament(MP) of the Lok Sabha and Rajya Sabha should adopt three villages in his/her constituency and ensure their development  while focusing on improvements in the village economy which will lead to enrichment of human life. Saansad Adarsh Gram Yojana […]

inclusive finance

International Inclusive Finance Workshop held at XLRI

The 3rd International workshop in Inclusive Finance was organized at XLRI, Jamshedpur from 31st October to 2nd November 2014. The workshop spread over 3 days was inaugurated in the presence of Fr. E. Abraham S.J. (Director of XLRI), Mr. B Sriram (MD, SBI), Mr. Vijay Mahajan (Founder CEO, BASIX ) and Dr. H. K. Pradhan, […]

pradhan mantri financial literacy program

Pradhan Mantri Jan Dhan Yojana and Financial Literacy

Financial Literacy & Economic Activity A Key To Success By Dr Amrit Patel The Pradhan Mantri Jan Dhan Yojana [PMJDY] launched on 28th August 2014 is a landmark initiative to link the hitherto excluded poor with the bank and a policy to help them join economic mainstream by removing financial un-touchability. The scheme envisages opening […]

jan dhan yojana answers

PMJDY – Jan Dhan Yojana – Questions

When the Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched in the last week of August 2014, nobody had anticipated that it would become so popular with the masses in such a short time. Owning to the large scale roll-out of the scheme and the large number of participating banks, there has been some confusion […]

financial inclusion map india 2014

What is more important than Financial Inclusion in India?

By Seema Sahai The policy landscape in India is marred with an obsession for targets in terms of number. People below poverty line, income level for poverty line, workers in informal sector, number of school drop-outs and number of mal-nourished children, all these have been just reduced to figures in books and speeches of politicians. Qualitative analysis of the problems facing […]


Jan Dhan Yojana – Withdrawal Limits

All newly opened bank accounts under PM Jan Dhan Yojana have a monthly limit on withdrawals in the account which is set to Rs 10,000. Some financial inclusion experts feel that this cap could deter people from opening accounts under Pradhan Mantri Jan Dhan Yojana. These accounts also carry a upper limit on deposits which […]

pmjdy features

Features of Jan Dhan Yojana

Given below are a list of important features of the Pradhan Mantri Jan dhan yojana , a financial inclusion scheme which was launched earlier this week. The government scheme was launched by PM Modi at a function in New Delhi. Important Features of Jan Dhan Yojana Zero Balance Account  The accounts under PMJDY will be zero […]

pmjdy features

Modi launches Jan Dhan Yojna in Delhi

The official Launch of India’s biggest financial inclusion mission “Jan Dhan Yojna” was organized today in the National capital and the function was presided by India’s Prime Minister Narendra Modi. Delivering a speech on the occasion Modi emphasized that the Pradhan Mantri Jan Dhan Yojna was meant to eliminate financial un-touchability in the country and […]

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ID Proof required for Pradhan Mantri Jan Dhan Yojana

What type of Identification Proof and Address Proof needs to be submitted ? The Reserve Bank of India has simplified KYC Guidelines and the documents needed to open a new bank account. The following identification proofs can be used to open a new bank account. Voter id card, Driving license, Passport, PAN Card, Aadhaar Unique Id, […]


Pradhan Mantri Jan Dhan Yojana – TV Ad released

The first Television commercial for the Prime Minister Shri Narendra Modi’s ambitious financial inclusion drive for India – The Pradhan Mantri Jan Dhan Yojna has been released and is currently being aired on all television channels. The advertisement released in Hindi, shows animated people carrying their money and depositing it in their newly opened bank accounts […]

guardian financial hub

Financial Inclusion hub launched by Guardian

Britains leading newspaper The Guardian has launched an Online Financial Inclusion hub for global development professionals in partnership with Centre for Financial Inclusion at Accion. The Guardian Financial Inclusion hub is sponsored by Visa and will consist of a curated website which will publish the latest insights and news from the financial inclusion space and […]

india financial inclusion

Grand Launch of Financial Inclusion Scheme on 15th August

India is all set to unveil it’s biggest financial inclusion drive titled “Sampoorn Vitteya Samavesh” on 15th August 2014 which is India’s Independence Day.Given below are some news reports about this new Financial Inclusion Mission MFIs and banks to meet finance ministry offcials ahead of Modi’s new financial inclusion plan It is expected that Modi […]

financial inclusion india

New Financial Inclusion India Mission launched

The Government of India has announced that a revamped Financial Inclusion Mission would soon be launched in India with added facilities which includes savings, remittances, credit, insurance and pension. Financial Inclusion India in Mission Mode Last week, the Finance Minister Shri Arun Jaitley announced that the NDA Government is planning to launch a new Financial […]

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Future of Financial Inclusion in India

Globally economies are constantly evolving. India’s economy is also evolving. As the saying goes that change is the only constant, the question on everyone’s mind is what next after bringing commercially viable but financially excluded person into formal financing channel ? Future of Financial Inclusion in India Commercially Unviable Urban Financial Inclusion: This seems to be […]

benefits of financial inclusion

Benefits of Financial Inclusion To India

In order to achieve inclusive development and growth , the expansion of financial services to all sections of society (financial inclusion) is important as global trends have shown. Financial exclusion results in widespread inequality in incomes and earning opportunities. Countries with low levels of income inequality tend to have lower levels of financial inclusion, while high […]

financial inclusion world map 2014

Global Position of India in Financial Inclusion

Currently, India ranks 2nd in the world in terms of financially excluded households after China.But this position is in absolute numbers. The situation is not so bad in percentage terms. In percentage terms the majority of the African countries are behind India. India’s regulator started focusing on financial inclusion only in last five years. That way, […]