Financial inclusion Current Affairs, GK & News
Financial Inclusion
Financial inclusion means providing to the large unbanked population of India access to financial products and services like:Bank accounts, immediate credit, savings products, remittance and payment services, insurance, mortgage, entrepreneurial credit, financial advisory services.Steps taken so far for promotion of financial inclusion have been – the cooperative movement, setting up of State Bank of India, ..
RBI introduced Financial Inclusion Index
The Reserve Bank of India introduced the financial inclusion index on August 17, 2021. Key Points The Financial Inclusion Index will be used to capture the extent of financial inclusion in India. This index was part of the announcements made in first bi-monthly monetary policy of April 2021. About Financial Inclusion Index (FI Index) Financial ..
Month: Current Affairs - August, 2021
Category: Economy & Banking Current Affairs
Topics: FI-Index • Financial inclusion • Financial Inclusion Index • Reserve Bank of India (RBI)
Basic Savings Account can be opened in Post Offices
The Ministry of Finance recently notified changes in Post Office Savings Account Scheme, 2019. The ministry notified that a beneficiary of Government welfare scheme can open a basic savings bank account with any post office in the country. What are the changes introduced? The accounts can be opened in an India Post Payment Bank or ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs
Topics: Basic Savings Account • Basic Savings Bank Deposit Accounts • Financial inclusion • India Post PAyment Bank • Pradhan Mantri Jan Dhan Yojana • scheduled commercial banks
BRICS Finance Ministers Meet, 2021
India recently hosted the BRICS Finance Ministers Meet. This was the first BRICS meet under the chairmanship of India in 2021. As 2021 BRICS Chair, India aims to focus on strengthening intra-BRICS cooperation based on continuity, consolidation and consensus. Discussions held at the meet The following discussions were held by the leaders during the meet: ..
Month: Current Affairs - April, 2021
Category: Economy & Banking Current Affairs • Events Current Affairs • Important Days & Events Current Affairs
Topics: BRICS • Financial inclusion • International Monetary Fund (IMF) • New Development Bank
Project Kirana launched by Mastercard and USAID
On November 19, 2020, Mastercard and United States Agency for International Development launched “Project Kirana”. The programme will enable women entrepreneurs to grow, launch and thrive. What is the plan? Under Project Kirana, a two-year programme is to be rolled out in selected cities such as Kanpur, Lucknow and Varanasi of Uttar Pradesh. The project ..
Month: Current Affairs - November, 2020
Category: Economy & Banking Current Affairs
Topics: Financial inclusion • Gender gap • Mastercard • MSME • Project Kirana • United States Agency for International Development (USAID) Bureau for Europe and Eurasia • USAID • Women Empowerment
Kris Gopalakrishnan appointed the first Chairperson of Reserve Bank Innovation Hub
On November 17, 2020, Kris Gopalakrishnan, the former co-chairman and co-founder of Infosys was appointed as the first Chairperson of Reserve Bank Innovation Hub. He was appointed by the Reserve Bank of India. The Reserve Bank Innovation Hub aims to promote innovation across financial sector. Reserve Bank Innovation Hub The RBI set up the hub ..
Month: Current Affairs - November, 2020
Category: Awards, Persons & Places in News • Economy & Banking Current Affairs • Persons in News
Topics: Financial inclusion • innovation • Kris Gopalakrishnan • Kris Gopalakrishnan Committee • non-personal data • Persons in News • Reserve Bank Innovation Hub • Reserve Bank of India (RBI)