Page 2 - Latest Updates on Financial Inclusion
450 mn Jan Dhan accounts have accumulated Rs 2.1 trillion: Anurag Thakur
Addressing an audience of the officials and employees of the bank, the Minister at the very outset, congratulated Federal Bank for an all-time high share price
 "450 mn Jan Dhan accounts have accumulated Rs 2.1 trillion: Anurag Thakur")
Bill for NFIR almost ready; may be introduced in next session: DEA secy
The objective is to build a public infrastructure for credit-related information and the right information can be made available by the NFIR to lending agencies
 "Bill for NFIR almost ready; may be introduced in next session: DEA secy")
Budget 2024: Women entrepreneurs advocate inclusive policies, skilling
Women entrepreneurs and leaders highlight key areas, including healthcare, maternity benefits, education, and skill training, where more inclusive policies could be drafted in Budget 2024
 "Budget 2024: Women entrepreneurs advocate inclusive policies, skilling")
For women, it's a long walk to financial inclusion
Designing financial services for women makes good business sense. Women have lower defaults, tend to save more and make timely repayments compared to men
 "For women, it's a long walk to financial inclusion")
Sikkim achieved extensive financial inclusion covering remote villages: FM
The minister said there are 32 bank branches and 36 ATMs in Sikkim per one lakh population in comparison to the national average of 14
 "Sikkim achieved extensive financial inclusion covering remote villages: FM")
Sustainable finance will foster economic growth: Deputy Guv Swaminathan J
He said that lenders need to go beyond mere compliance and must imbue the organisation's practices with sustainable finance principles in order to foster a culture of financial inclusion
 "Sustainable finance will foster economic growth: Deputy Guv Swaminathan J")
Jan-Dhan scheme biggest instrument of financial inclusion: FM Sitharaman
She also said when the scheme was launched, a certain section of people had made "snide" remarks saying public sector banks would be under pressure as these are zero balance accounts
 "Jan-Dhan scheme biggest instrument of financial inclusion: FM Sitharaman")
RBI's financial inclusion index printed at 60.1% in March 2023, shows data
The FI Index was introduced in 2021 to capture the extent of financial inclusion throughout the country
 "RBI's financial inclusion index printed at 60.1% in March 2023, shows data")
The next orbit of financial inclusion will be in the offline world
Payment solutions will allow transactions when connectivity is poor or if there is a systems breakdown
 "The next orbit of financial inclusion will be in the offline world")
Focus on four 'Is' to make India a developed nation by 2047: Sitharaman
The four 'Is' are infrastructure, investment, innovation and inclusiveness
 "Focus on four 'Is' to make India a developed nation by 2047: Sitharaman")
Financial services secy asks banks to achieve financial inclusion targets
He further urged banks to devise the strategy and step up efforts to increase the digital onboarding of street vendors and scale up their digital payments, the finance ministry said
 "Financial services secy asks banks to achieve financial inclusion targets")
RBI Governor launches financial inclusion dashboard 'Antardrishti'
The dashboard, presently intended for internal use in the RBI, will further facilitate greater financial inclusion through a multi-stakeholder approach
 "RBI Governor launches financial inclusion dashboard 'Antardrishti'")
India's financial inclusion journey can be example for other countries: UN
India is at the vanguard of the digital revolution and its financial inclusion journey can be an example for other developing countries to look at, senior UN officials and economists have said
 "India's financial inclusion journey can be example for other countries: UN")
Achieve targets under financial inclusion plans: Finance ministry to PSBs
"Banks were advised to leverage their banking correspondents network for outreach and enrolling potential beneficiaries," the finance ministry said in a statement
 "Achieve targets under financial inclusion plans: Finance ministry to PSBs")
Breaking barriers, building inclusion
By focusing on measures that make financial services available to households and small and medium enterprises, G20 has the potential to make a real difference in people's lives
Global Partnership for Financial Inclusion G20 meet concludes in Hyderabad
The second meeting of the Global Partnership for Financial Inclusion (GPFI) under G20 India Presidency concluded here on Tuesday
 "Global Partnership for Financial Inclusion G20 meet concludes in Hyderabad")
Paytm inks pact with Andhra govt for initiatives in financial inclusion
One97 Communications that owns Paytm brand announced it has signed an agreement with the Andhra Pradesh government to drive initiatives in financial inclusion, public health, cyber security
 "Paytm inks pact with Andhra govt for initiatives in financial inclusion")
FinMin meets private sector bankers, reviews progress of flagship schemes
Last week, Joshi met heads of public sector banks and urged them to achieve targets under various schemes for current financial year
 "FinMin meets private sector bankers, reviews progress of flagship schemes")
Internet connectivity key to India's robust financial inclusion: SBI chief
Khara said that his and other banks have created a robust system of digital banking that help people get access to their banking needs in real time
 "Internet connectivity key to India's robust financial inclusion: SBI chief")
India great example of how financial inclusion can work: German envoy
Auster was a part of the delegation at the first Global Partnership for Financial Inclusion meeting of the G20, which was held from January 9-11
