Financial Inclusion

December 25, 2015

Recent Trends in Urban Micro-finance in India

Traditionally MFIs in India are serving the ‘unbanked’ rural India. Presently, the microfinance industry in India is serving more than 37 million customers. Though MFIs have started serving the rural India, in the recent past, it is observed that there…

Indian-Rupees

Small Finance Banks

On 27 November 2014, RBI had released the guidelines on Small Finance Banks along with the Payment Banks. The objective of small finance banks is to further financial inclusion by providing: Basic banking facilities to the unbanked and thereby boosting…

banking-history-of-india

Payment Banks

About 40%-50% of India's 1.25 billion population is eligible to open a bank account, but is still unbanked . In the Union Budget 2014-2015, the finance minister Arun Jaitley announced that RBI will create a framework for licensing small banks…

PMJDY

Jan Dhan Yojana and targeted subsidies

The objective of the Pradhan Mantri Jan Dhan Yojana (PMJDY) is to ensure access to financial services viz. Banking, Savings & Deposit Accounts, Remittance, Credit, Insurance, Pension in an affordable manner. Under this scheme, an account can be opened in…