Page-2 of Financial inclusion Current Affairs, GK & News

EASE 3.0 launched by the Finance Minister to enhance Ease of Banking

On February 26, 2020, the Finance Minister Nirmala Sitaraman launched Enhanced Access and Service Excellence (EASE 3.0). It was launched along with the annual report of EASE 2.0 at a function organized by Indian Banks’ Association. Highlights The main aim of EASE 3.0 is to make public sector banking technology enabled and smart. By this ..

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RBI unveils National Strategy for Financial Inclusion 2019-24

The Reserve Bank of India (RBI) has recently unveiled a National Strategy for Financial Inclusion 2019-24. It aims at providing formal and affordable financial services and to promote financial literacy among customers. Reserve Bank of India under the aegis of Financial Inclusion Advisory Committee (FIAC) have released the strategy. Some of its recommendations include: Setting up Financial service providers ..

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RBI launches 5-year Financial Inclusion Strategy

The Reserve Bank of India has launched National Strategy for Financial Inclusion (2019-24). The main motive of the strategy is to provide access to financial services in an affordable manner. Highlights The Strategy has been launched after thorough consultation with SEBI (Securities Exchange Board of India), PFRDA (Pension fund Regulatory and Development Authority of India) ..

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MGNREGA scheme faces funds shortage

The MGNREGA (Mahatma Gandhi Rural Employment Guarantee Employment Act) scheme released its financial statement recently. According to the statement, almost 96% of the money has already been spent. Only 2,500 crores of rupees is left to sustain the scheme for the next two months. Highlights According to the financial statement of the scheme, 15 states ..

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MoU signed to organize “National Organic Festival of Women Entrepreneurs”

A Memorandum of Understanding(MoU) was signed between the Ministry of Women and Child Development (MoWCD) and the Ministry of Food Processing Industries (MoFPI) to organize the “National Organic Festival of Women Entrepreneurs”. The event will be planned and organized by the National Institute of Food Technology Entrepreneurship and Management (NIFTEM) located in Kundli, Sonepat, Haryana. ..

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