The Rangarajan Committee had placed its report in mid 2008. In order to further financial inclusion, the Government, NABARD and the Reserve Bank are pursuing several initiatives. Two...
The report of the Rangarajan Committee is summarized as follows: Extent of Exclusion: As per the NSSO data, 45.9 million farmer households in the country (51.4%), out of...
Does it mean that every individual should use the above services? No. Financial Inclusion does mean that every eligible person uses these services but they should be able...
Financial inclusion, often referred to as inclusive finance, entails providing affordable financial services beyond banking to marginalized sectors of society. This strategic approach aims to empower vulnerable groups,...
Please check the updated article here What is the Current Number of RRBs in India? Government of India initiated the process of structural consolidation, in consultation with State...
Some of the very important measures to improve the Financial Viability of RRBs since 1990s till 2009 are as follows: In 1993, RBI gave permission to RRBs to...
Originally, the Regional Rural Banks were conceived as low cost institutions having a rural ethos, local feel and pro poor focus, but these original assumptions were belied as...
The Usha Thorat committee recommended that Lead Bank Scheme should prevail and continue. In this context, after a long period, in March 2010, RBI released the guideline for...
What went wrong with the Scheme? The scheme could not fully achieve its targets due to Shift in policies, complexities in operations and issues shifting to the Financial...
A pilot SHG-post office linkage programme was launched by NABARD in December 2003. This programme envisaged credit linking 200 SHGs in select 5 districts of Tamil Nadu, viz.,...