Page 2 - Latest Updates on Financial Inclusion
Share of North East in MF assets more than doubles to Rs 40,324 cr in 4 yrs
In March 2020, these states had an asset base of Rs 16,446 crore as compared to Rs 40,324 crore in March this year
 "Share of North East in MF assets more than doubles to Rs 40,324 cr in 4 yrs")
Protecting Streedhan, tailored dressing: Top personal finance stories
Our top stories this week tell you about a woman's inalienable financial right and why tailored clothes are better than readymade
 "Protecting Streedhan, tailored dressing: Top personal finance stories")
Fin inclusion, digital growth to drive momentum: Airtel Payments Bank CEO
Airtel Payments Bank is dominant in rural markets, he said, adding that "rural and urban combined, we are now opening a million bank accounts a month"
 "Fin inclusion, digital growth to drive momentum: Airtel Payments Bank CEO")
There is money coming in: How cash recyclers are set to get a big leg up
Going ahead, a customer can take a wad of notes to a CRM and use UPI to activate the process of depositing it rather than insert their debit card into the slot
 "There is money coming in: How cash recyclers are set to get a big leg up")
Govt revamps pharma scheme, entails financial assistance to drug cos
The revamped scheme also introduces more flexible financing options, emphasising subsidies on reimbursement basis, over traditional credit-linked approach
 "Govt revamps pharma scheme, entails financial assistance to drug cos")
Banks must give customers choice to select credit card network: RBI
Some arrangements between card networks and issuers are 'not conducive' for customers, it says
 "Banks must give customers choice to select credit card network: RBI")
Majority of states, union territories have single-digit MF penetration
Per capita investment is less than Rs 10,000 in eight of them
 "Majority of states, union territories have single-digit MF penetration")
What makes Indian fintech fast and furious, but also a little fraudulent?
Know-your-customer, or KYC, regulations aren't easy anywhere. But fintech adoption in India has done more than just open the floodgates to financial inclusion
 "What makes Indian fintech fast and furious, but also a little fraudulent?")
Highlights of the day: Investments are inclined towards India, says FM
From Bihar govt launching a probe into Tejashwi Yadav's dept to Intel discussing financial support with US govt, catch all the latest updates from around the world
 "Highlights of the day: Investments are inclined towards India, says FM")
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")
