Financial inclusion in India: policies and programmes

By:

Mani N

Material type: Text

TextPublication details: New Delhi New Century Publications 2015Description: xxiv, 285p. 24 cm ; HardISBN:

978-8177084085

Subject(s):

India -- Economic policy Poverty -- Government policy -- India Banks and banking Economic Policy Financial institutions -- India Income distribution

DDC classification:

332.10954 MAN

Contents:

Part1. Indian economy, poverty and financial system Indian economy: an overview Poverty in India: concept, causes and incidence Financial system and regulators in India Part 2. Financial inclusion institutions in India Financial inclusion: conceptual framework Recent financial inclusion measures in India Rural credit co-operatives Regional rural banks (RRBs) Urban co-operative banks (UCBs) Micro finance and self-help groups (SHGs) Mutual funds Pension funds Pradhan Mantri Jan-Dhan Yojana (PMJDY), 2014 Role of technology in financial inclusion. Appendix

Summary: In India, while one segment of the population has access to an assortment of banking services and financial counseling, the other segment of underprivileged and lower income group is totally deprived of even basic financial services. Exclusion of large segments of the society from financial services adversely affects the overall economic growth of a country. In order to ensure financial inclusion of the poor, particularly in rural areas, various initiatives have been taken by the government and the Reserve Bank of India (RBI). These include the nationalization of commercial banks, the establishment and expansion of rural credit co-operatives, regional rural banks, urban co-operative banks, micro finance and self-help groups, mutual funds, and pension funds. There are several challenges that require concerted efforts from banks, the RBI, and India's government to ensure a convenient and cost-effective delivery of financial services to the public at large. In particular, the challenge is to introduce innovations in risk assessment, reduce transaction costs, devise new credit delivery channels, and use information technology to make financial inclusion a viable model. This book examines the various policies and programs that were implemented in order to make financial services more accessible to the country's underprivileged income groups, resulting in millions of bank accounts being opened.

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Holdings
Item type	Current library	Collection	Call number	Status	Date due	Barcode
Books	H.T. Parekh Library	GSB Collection	332.10954 MAN (Browse shelf(Opens below))	Available		B2088

Shanthi/IN2433/07-03-16 Rs.1490/-

Part1. Indian economy, poverty and financial system

Indian economy: an overview
Poverty in India: concept, causes and incidence
Financial system and regulators in India

Part 2. Financial inclusion institutions in India

Financial inclusion: conceptual framework
Recent financial inclusion measures in India
Rural credit co-operatives
Regional rural banks (RRBs)
Urban co-operative banks (UCBs)
Micro finance and self-help groups (SHGs)
Mutual funds
Pension funds
Pradhan Mantri Jan-Dhan Yojana (PMJDY), 2014
Role of technology in financial inclusion.
Appendix

In India, while one segment of the population has access to an assortment of banking services and financial counseling, the other segment of underprivileged and lower income group is totally deprived of even basic financial services. Exclusion of large segments of the society from financial services adversely affects the overall economic growth of a country. In order to ensure financial inclusion of the poor, particularly in rural areas, various initiatives have been taken by the government and the Reserve Bank of India (RBI). These include the nationalization of commercial banks, the establishment and expansion of rural credit co-operatives, regional rural banks, urban co-operative banks, micro finance and self-help groups, mutual funds, and pension funds. There are several challenges that require concerted efforts from banks, the RBI, and India's government to ensure a convenient and cost-effective delivery of financial services to the public at large. In particular, the challenge is to introduce innovations in risk assessment, reduce transaction costs, devise new credit delivery channels, and use information technology to make financial inclusion a viable model. This book examines the various policies and programs that were implemented in order to make financial services more accessible to the country's underprivileged income groups, resulting in millions of bank accounts being opened.

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