The PMJDY was launched on August 28, 2014, with an aim to provide universal access to banking facilities to the people in the country.
Apart from bringing the deprived into the financial mainstream, various schemes of the govt have also plugged pension leakages and fostered direct benefit transfers
Financial inclusion Arundhati Bhattacharya said has four key aspects -- accessibility, affordability, quality and usability
An inter-regulatory coordination group, plus an outside group of experts is busy creating the plan
Unlike universal banks, SFBs require prior approval from RBI for opening bank branches
Since large tribal tracts in the state are uncovered by banking services, people in these regions cannot access govt schemes
Paucity of information regarding the progress of financial inclusion in India has been a major challenge. The situation is now changing, with data being made available online, says the writer in the first of two articles