Business Standard

Sunday, January 19, 2025 | 10:20 AM ISTEN Hindi

Notification Icon
userprofile IconSearch
What is Financial Inclusion

Financial Inclusion

About Financial Inclusion

What is Financial Inclusion

Financial inclusion is a method of offering banking and financial services to individuals. It aims to include everybody in society by giving them basic financial services regardless of their income or savings. It focuses on providing financial solutions to the economically underprivileged. The term is broadly used to describe the provision of savings and loan services to the poor in an inexpensive and easy-to-use form. It aims to ensure that the poor and marginalised make the best use of their money and attain financial education. With advances in financial technology and digital transactions, more and more startups are now making
...
Read More

Latest Updates on Financial Inclusion

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

Image
Updated On : 09 Mar 2023 | 10:29 PM IST

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

Image
Updated On : 07 Mar 2023 | 9:54 PM IST

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

Image
Updated On : 06 Mar 2023 | 10:53 PM IST

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

Image
Updated On : 24 Jan 2023 | 11:28 PM IST

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

Image
Updated On : 19 Jan 2023 | 11:47 PM IST

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

Image
Updated On : 12 Jan 2023 | 3:01 PM IST

World's focus must be on women-led development: Munda at G20 event

India's G20 presidency seeks 'human-centric globalisation', says Union tribal affairs minister

Image
Updated On : 11 Jan 2023 | 12:02 AM IST

Financial inclusion, remittance cost focus areas in G20 meeting

In Kolkata, apart from the plenary meetings, there would be a symposium that would see participation of 12 international speakers

Image
Updated On : 08 Jan 2023 | 11:08 PM IST

Aadhaar's new goal: AePS to facilitate financial inclusion in rural areas

As per official data, the UIDAI records seven to eight crore Aadhaar authentications every day, and AePS currently comprises nearly 40% of them

Image
Updated On : 12 Dec 2022 | 7:36 AM IST

69% Indian households struggle with financial insecurity, says survey

The survey was conducted between May and September 2022

Image
Updated On : 05 Nov 2022 | 8:44 PM IST

Merger of PSBs haven't impacted financial inclusion adversely: RBI

Preserving financial system stability an overriding objective for regulators says deputy governor Rajeshwar Rao

Image
Updated On : 21 Oct 2022 | 11:43 PM IST

Digital Banking Units to boost financial inclusion: All you need to know

Karnataka, Tamil Nadu, Uttar Pradesh, Odisha and Rajasthan will get four DBUs each, followed by Gujarat, Kerala, Madhya Pradesh, Maharashtra, Punjab, Sikkim and Telangana, with three DBUs each

Image
Updated On : 18 Oct 2022 | 12:28 PM IST

FinMin's special campaign in seven districts to deepen financial inclusion

Campaign will work to achieve saturation in respect of bank accounts, insurance/pension schemes; distribution of loans to FPOs, SHGs for setting up cold-chain infra, KCC penetration, among other thing

Image
Updated On : 02 Oct 2022 | 7:00 PM IST

Public sector banks to open 316 branches in financial inclusion drive

Brick and mortar branches to be opened by December 2022; progress was shared in PSB review

Image
Updated On : 08 Sep 2022 | 12:29 AM IST

The path to greater financial inclusion

Data for 2021 suggest that at least 76 per cent of the global population holds a bank account

Image
Updated On : 14 Aug 2022 | 7:18 PM IST

Financial inclusion shaping rate-setting decisions now: RBI's Michael Patra

Financial inclusion lowest in rural and agriculture-dependent areas where food is the main source of income, say deputy governor.

Image
Updated On : 25 Dec 2021 | 2:25 AM IST

Plan to create value from waste, use green hydrogen, says Nitin Gadkari

Union Minister Nitin Gadkari on Thursday said that he envisions to "create value from waste" and is planning to use green hydrogen to run buses, trucks, and cars in Indian cities.

Image
Updated On : 03 Dec 2021 | 7:28 AM IST

Why India needs to adopt crypto

A progressive regulatory framework will create a prosperous crypto ecosystem and expand financial inclusion in the country in a secure, simple, and transparent manner

Image
Updated On : 21 Nov 2021 | 10:20 PM IST

India ahead of China in financial inclusion metrics now: SBI report

States with higher financial inclusion/ more bank accounts have also seen a perceptible decline in crime along with a meaningful drop in consumption of alcohol and tobaccos, according to the report

Image
Updated On : 08 Nov 2021 | 5:08 PM IST

Story in numbers: Goa sees rise in women-owned bank accounts, shows data

As in many other state, in Goa too, assertion by women is backed by their capacity to take financial decisions

Image
Updated On : 07 Nov 2021 | 9:25 PM IST