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

india financial inclusion

MFIs and banks to meet finance ministry offcials ahead of Modi’s new financial inclusion plan
It is expected that Modi will announce plans to open 75 million new bank accounts over the next one year on the Independence Day.Read more on BS

Raghuram Rajan: RBI, FinMin on same page over financial inclusion project
Prime Minister Narendra Modi is widely expected to unveil on August 15 an ambitious financial inclusion project—Sampoorn Vitteya Samavesh—that seeks to open at least 15 crore new bank accounts for 7.5 crore unbanked families over a year. Read more on HBL

Modi’s Financial Inclusion Plan
One of prime minister Narendra Modi’s ambitious plans is the massive financial inclusion drive which envisages a bank account for 150 million Indians by August 2018. The idea of financial inclusion is not new—it has been the buzzword at the Reserve Bank of India (RBI) since 2005, Read more on Money Life

Banks seek changes in proposed financial inclusion scheme
State Bank of India chairman Arundhati Bhattacharya said that comprehensive financial inclusion scheme announced by finance minister Arun Jaitley in the Union Budget can be profitable for banks and is not a ‘loan mela’ as made out to me.Read more on TOI

IDFC appoints Shankar to head financial inclusion, rural biz foray
Having received the in-principle nod to start a full-fledged bank, IDFC today appointed Ravi Shankar as the head of the proposed bank’s financial inclusion and rural business initiative.Read more on IndiaTV

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