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...
Regional Rural Banks (RRBs) are financial institutions established to provide banking services to rural and semi-rural areas, particularly targeting small and marginal farmers, agricultural labourers, artisans, and rural...
Regional Rural Banks (RRBs) are specialised financial institutions established to provide credit and banking services to rural and semi-rural populations, particularly small and marginal farmers, agricultural labourers, artisans,...
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...
The Self-Help Group (SHG)–Post Office Linkage Programme is a financial inclusion initiative launched to integrate India Post’s extensive rural network with Self-Help Groups (SHGs), thereby improving access to...
