Financial Inclusion

Maximum permissible exit load by mutual funds lowered to 3%, Sebi approves distributor incentive scheme to widen reach

Sebi has announced measures to strengthen investor protection and financial inclusion via mutual funds.

Women hold 56% of over 56 crore Jan Dhan accounts opened in 11 years: Finance Minister

Over 38 crore RuPay cards have been issued to account holders under the scheme, which was launched on August 28, 2014

16% Indians don't have active bank accounts despite high ownership rate: World Bank

The country still has a large adult population without a bank account of their own despite the country's 90 percent ownership rate, a report said

Microfinance 'suffering' from high indebtedness, coercive recovery practices: RBI Deputy Governor Rao

The MFIs must enhance their credit appraisal frameworks to ensure borrowers are not over-leveraged, RBI Deputy Governor said. They must also refrain from 'coercive or unethical' recovery practices, and deliver services a manner that is both 'responsible and sustainable'.

Inequality is better bridged nowadays in India than ever before: FM Sitharaman

"One of the key drivers of reduced inequality has been the government’s focus on financial inclusion. The number of adults with bank accounts in India has more than doubled since 2011."

Crypto world awaits Bitcoin's next move as global adoption grows

Bitcoin has shown little movement in recent months. After a strong start to the year, it has remained stagnant. Since July, the cryptocurrency fluctuated between $56,000 and $63,000.

Digital Financial Inclusion next big challenge, says Economic Survey

According to the survey, DFI involves arranging cost-effective digital means to reach currently financially excluded and underserved citizens with a range of formal financial services suited to their needs.

Sebi more than doubles value of securities that basic-services demat account can hold

The regulator has said that the move is prompted by the need to drive financial inclusion

Budget 2025: FinMin to review Mudra Yojana, financial inclusion schemes tomorrow

Budget is expected to focus on welfare schemes amid the government's inclusive growth push which is one of the priorities under the vision for Amrit Kaal

Financial inclusion and insurance penetration key for banking sector in NDA 3.0, say experts

The National Democratic Alliance secured a consecutive third term in power. This provides stability for the banking sector and a continuous approach towards policy making, say experts.

Sebi proposes raising limit of value of securities held in basic demat account to Rs 10 lakh

Currently, the value of securities that can held in this account is debt securities worth up to Rs 2 lakh and other than debt securities worth upto Rs 2 lakh in a single demat account

Smriti Irani lists 'historic strides' in women's financial empowerment

Irani echoed India's commitment to gender equality, positioning the nation as a global torchbearer for women's financial inclusion and empowerment.

AlgoBharat announces advisory committee to advance blockchain innovation

RS Sharma, a former civil servant known for his contributions to digital governance and government program innovation, will serve as the Chair of the India Advisory Committee.

Financial inclusion push: Kotak Mahindra Bank investing in technology, cautious on cyber security, says official

Tapobrat Chaudhry was speaking at a discussion on the role of tech in financial inclusion at Moneycontrol.

B20 task force identifies key priority themes for global financial inclusion, says SBI Chairman

Concerted efforts have been put in to boost financial inclusion, Khara said.

Bullish on India: Women entrepreneurship, digital skilling, financial inclusion make India exciting: Mastercard's VP Aurora

The momentum in the Indian economy is attractive to investors, especially with the growth expectations for the country. A major part of that is the movement towards financial inclusion and digital literacy, experts say

Finmin to review banks’ progress under financial inclusion schemes on April 13: Sources

Pradhan Mantri Mudra Yojna (PMMY) was launched in 2015 to finance micro and small enterprises. Around 39 crore loans have been extended under the scheme till January 2023.

Why and how to design financial products and services for women

Banks, financial institutions, and financial service providers need to invest in gender-intentional solutions across their processes to ensure that women are not left behind.

Check your financial bias: How your lending business may be less accessible to women & how to fix that

One of the issues is that women are more likely to be “thin file” customers, lacking a formal credit score. There are new ways of using alternative data to create a proxy score.

India great example of how financial inclusion can work: German envoy

"India is a great example of how financial inclusion can work. Over the last 10-odd years, you have made tremendous progress, and are much further advanced when it comes to electronic payment methods than, say, Germany for example," Manfred Auster, the Consul General of Germany in Kolkata, told PTI.

Finmin holds preparatory meeting to launch financial inclusion drive

The campaign from October 15 to November 26 this year will also focus on mobile/Aadhaar seeding of existing accounts, with a special focus on making small accounts normal accounts by completing full know your customer (KYC) requirements.

Finance Minister Nirmala Sitaraman to launch special campaign for financial inclusion from October 15

The campaign from October 15 to November 26 this year will also focus on mobile/Aadhaar seeding of existing accounts with a special focus on making small accounts normal accounts by doing full know your customer (KYC), according to a series of tweets from the Office of the Finance Minister.

Finance department plans campaign for deepening financial Inclusion