scholarly journals Financial inclusion: a tool for socio- economic development

2015 ◽  
Vol 1 (3) ◽  
pp. 230-238
Author(s):  
Bhushan Singh ◽  
Sandeep Singh
Keyword(s):  
Universal Access ◽  
Financial Inclusion ◽  
Bank Account ◽  
Banking Services ◽  
Current Trends ◽  
Self Help ◽  
Reserve Bank ◽  
The World ◽  
Self Help Groups ◽  
Reserve Bank Of India

Financial inclusion is one of the buzz-words in the development circles lately.It is also one of the major challenges throughout the world today and every government is taking different measures to make this dream come true. Various initiatives were taken up by Reserve Bank of India(RBI)/Government of India(GOI) like nationalization of banks, expansion of bank branch network, establishment & expansion of cooperative and Regional Rural Banks (RRBs), leadbank schemes, formation of Self Help Groups(SHGs), Micro Finance Institutions (MFIs) and Business correspondent model etc.in order to ensure financial inclusion. Besides all these initiativesas per census, 2011, out of 24.67 crore household in the country, only 14.48 crore (58.7%) households had access to organized banking services. To remove this disparity,government launched Pardhan Mantri Jan Dhan Yojna(PMJDY)with the objective to ensure universal access to banking facility with at least one basic bank account for every household.Government has successfully opened more than 12.5crore bank account throughvarious banks and mobilized more than INR10,000 crore deposits up to January, 2015. In this context, this paper is an attempt to study the current trends in financial inclusion in India with special reference to PMJDY.

scholarly journals Study of Role of Financial Institution in Financial Inclusion

2020 ◽  
Vol 10 (6) ◽  
pp. 35-40
Author(s):  
Ishan Khatri ◽  
Prarthana Fabyani ◽  
Chehak Rajgarhia ◽  
Sejal Murarka
Keyword(s):  
Financial Services ◽  
Financial Institution ◽  
Vital Role ◽  
Financial Inclusion ◽  
Self Help ◽  
Reserve Bank ◽  
The World ◽  
Self Help Groups ◽  
Reserve Bank Of India

India is one of the largest growing economies in the world. Financial inclusion is providing financial services at an affordable rate to all people. It comes into existence in the year 1950 establishment of Reserve Bank of India. There are various incentives which have been undertaken to increase financial inclusion in India. With the nationalization of commercial banks. And the formation of NABARD Self-help Groups and Kisan credit bank. After 2000, the schemes like Swavalamban swabhiman have been launched to increase its role. The schemes by government of India like PMJDY and Startup India schemes. Financial inclusion helps in forming cashless economy and increase capital formation and increase economic growth of the country. It provides business and growth opportunities to the Intermediaries. This system also provides affordable services to the poor and played a vital role in improving country financial services.

scholarly journals Engendering Women’s Access to Credit through Financial Inclusion in India

2016 ◽  
Vol 8 (6) ◽  
pp. 201
Author(s):  
Jaya Mathew ◽  
Reeba Kurian
Keyword(s):  
Financial Inclusion ◽  
Access To Credit ◽  
Representation Of Women ◽  
Self Help ◽  
Reserve Bank ◽  
National Bank ◽  
The Government ◽  
Self Help Groups ◽  
Formal Finance ◽  
Women In India

<p>Government of India and Reserve Bank of India has undertaken a lot of measures to mitigate the problem of financial inclusion in India. The emergence of Self Help Groups (SHGs) and SHG-Bank linkage Programme have helped extensively to strengthen the poor especially women. In India due to social and cultural reasons women face greater challenges in access to formal finance.</p><p>This study highlights the representation of Women in Self Help Groups (WSHGs) and SHG-Bank Linkage programmes undertaken by the Government of India (GOI) and National Bank for Agriculture and Rural Development (NABARD) and tries to establish that these initiatives have improved women’s access to finance in India.</p>

Introduction to the Forum on Cluttering: Rays of Hope Shine Around the World

2019 ◽  
Vol 4 (6) ◽  
pp. 1566-1567
Author(s):  
Isabella Reichel
Keyword(s):  
Professional Preparation ◽  
Joint Effort ◽  
Feedback Training ◽  
Successful Communication ◽  
Self Help ◽  
The World ◽  
Common Thread ◽  
Evidence Based Treatments ◽  
Attention Performance ◽  
Self Help Groups

Purpose In the 10 years since the International Cluttering Association (ICA) was created, this organization has been growing in the scope of its initiatives, and in the variety of resources it makes available for people with cluttering (PWC). However, the awareness of this disorder and of the methods for its intervention remain limited in countries around the world. A celebration of the multinational and multicultural engagements of the ICA's Committee of the International Representatives is a common thread running through all the articles in this forum. The first article is a joint effort among international representatives from five continents and 15 countries, exploring various themes related to cluttering, such as awareness, research, professional preparation, intervention, and self-help groups. The second article, by Elizabeth Gosselin and David Ward, investigates attention performance in PWC. In the third article, Yvonne van Zaalen and Isabella Reichel explain how audiovisual feedback training can improve the monitoring skills of PWC, with both quantitative and qualitative benefits in cognitive, emotional, and social domains of communication. In the final article, Hilda Sønsterud examines whether the working alliance between the client and clinician may predict a successful cluttering therapy outcome. Conclusions Authors of this forum exchanged their expertise, creativity, and passion with the goal of solving the mystery of the disconcerting cluttering disorder with the hope that all PWC around the globe will have access to the most effective evidence-based treatments leading to blissful and successful communication.

Role of Self Help Groups A Study with Specific Reference to Vellore District

GIS Business ◽  
2019 ◽  
Vol 14 (6) ◽  
pp. 243-252
Author(s):  
Dr. M.A. Bilal Ahmed ◽  
Dr. S. Thameemul Ansari
Keyword(s):  
Leadership Role ◽  
Three Dimensions ◽  
Specific Reference ◽  
Government Organizations ◽  
Research Article ◽  
Self Help ◽  
The People ◽  
The World ◽  
Self Help Groups

SHG is a movement which came to being in the early 1969. Prof. Muhammed Younus, a great economist of Bangladesh took initiative in setting up Self Help Groups and these SHGs were gradually spread all over the world. This social movement unites the people hailing from poor background. Those who are joining this group feel socially and economically responsible to one another. In India, there are some likeminded bodies and stakeholders of some government organizations play pivotal role towards the formation of SHG In this research article, role of SHGs in Vellore district is studies under the three dimensions of Cognitive role, leadership role and role towards entrepreneurship.

scholarly journals The Monetary Crisis and Foundation for Reserve Bank of India (1890-1935)

2020 ◽  
Author(s):  
M. Balaji
Keyword(s):  
World War I ◽  
Interwar Period ◽  
Banking System ◽  
Economic Interest ◽  
Stabilization Policy ◽  
British India ◽  
World War ◽  
Reserve Bank ◽  
The World ◽  
Reserve Bank Of India

The monetary policy of British India was highly controversial during the interwar period as it aimed to protect the budgetary obligations and private commerce. The currency stabilization policy was seen as a tool to protect the British economic interest while they ruled India. The currency came under serious pressure during the World War I and Great depression, the facets of Indian currency’s dependence was exposed through the modified council bill system and Gold exchange standard. The much-needed currency reforms and banking system were conceded by the colonial administration after much wrangling for half a century.

Corporate Debt Restructuring and Strategic Debt Restructuring: Defaulters’ Envy and Banker’s Pride

2016 ◽  
Vol 3 (1) ◽  
Author(s):  
Sunita Sharma
Keyword(s):  
Research Paper ◽  
Progress Report ◽  
Corporate Debt ◽  
Debt Restructuring ◽  
The Public ◽  
Reserve Bank ◽  
The World ◽  
One Step ◽  
Bank Employees ◽  
Reserve Bank Of India

The world over, Non-Performing Loans (NPLs) have been a matter of concern for depositors, bank employees and management, governments and the public at large. The concept of restructuring and rescheduling loans has existed in India for several decades. Several steps have been taken by Reserve Bank of India (RBI) to reduce the amount of NPLs and one step is Corporate Debt Restructuring (CDR). During the last few years, there has been an extraordinary rise in cases referred and reworked under CDR. RBI has come out with Strategic Debt Restructuring (SDR) mechanism, through which banks have been empowered to recover their long outstanding dues from the restructured stressed companies. This research paper explains progress report of CDR cases and SDR mechanism. It also highlights the risk, challenges attached with the implementation of SDR package and concludes.

scholarly journals A GLIMPSE INTO THE LEVEL OF FINANCIAL INCLUSION IN TRIPURA

2020 ◽  
pp. 1-5
Author(s):  
Sayan Saha ◽  
Kiran Shankar Chakraborty
Keyword(s):  
Financial Services ◽  
Composite Index ◽  
Secondary Data ◽  
State Level ◽  
Pilot Project ◽  
Financial Inclusion ◽  
Vulnerable Groups ◽  
Annual Reports ◽  
Banking Services ◽  
Reserve Bank

The term ‘Financial Inclusion’ signifies a process of ensuring delivery of financial services as well as banking services to the vulnerable groups at the point of need, adequately at an affordable cost. The concept of ‘Financial Inclusion’ was accentuated in 2003 by Kofi Annan, former General Secretary of United Nations. Such, efforts were undertaken by the Reserve Bank of India (RBI) in 2005 and the said policy as already mentioned in a pilot project was first implemented by Indian Bank. Probably, by implementing such policy resolution a vast section of the rural disadvantaged people in India was gradually coming under the ambit of formal banking services. The main aim of this paper is to assess the level of financial inclusion in Tripura based on composite Index. The study conducted in the four districts of Tripura state. The present study relies on secondary data. Secondary data collected from State Level Bankers’ Committee Reports, NEDFi databank, Economic Reviews and RBI Annual Reports. Through this paper Index of Financial Inclusion (IFI) has been used to assess the level of financial inclusion in Tripura.

scholarly journals Path To Financial Inclusion: The Success Of Self-Help Groups-Bank Linkage Program In India

2011 ◽  
Vol 8 (11) ◽  
Author(s):  
Sivakumar Venkataramany ◽  
Balbir B. Bhasin
Keyword(s):  
Child Labor ◽  
Developing Economies ◽  
Financial Inclusion ◽  
Major Theme ◽  
Self Help ◽  
Women Groups ◽  
Social Cause ◽  
The Government ◽  
Self Help Groups ◽  
Linkage Program

Financial inclusion has been a major theme in both industrialized and developing economies in the era of financial globalization. When microcredit institutions have received limited success in many countries, microfinance is being used in India for the purpose of accomplishing universal financial inclusion. This paper recognizes the overwhelming efforts of the Government of India and focuses on the success of the linkage between commercial banks and self-help groups (SHGs). The SHGs comprising predominantly women groups help in the social cause of alleviation of poverty, , increase of sustainability, reduction of vulnerability, improvement of capacity building and help the weaker sections build assets. Increased education, better standard of living, reduced child mortality and child labor, emancipation cum empowerment of women, and communal harmony are value adding benefits to the country.

scholarly journals BANKING SECTOR ORIENTED FINANCIAL INCLUSION IN INDIA: A LONG TERM PERSPECTIVE

2020 ◽  
pp. 42-59
Author(s):  
Sana Pathan ◽  
Archana Fulwari
Keyword(s):  
Financial Services ◽  
Banking Sector ◽  
Financial Inclusion ◽  
Inclusive Growth ◽  
Long Run ◽  
Reserve Bank ◽  
The Government ◽  
Improve Access ◽  
Reserve Bank Of India

Financial Inclusion is an emerging concept. The objective of the government behind 100 percent Financial Inclusion is to have inclusive growth in India. Several initiatives have been taken by the Government of India and the Reserve Bank of India to improve access to financial services. To measure the effectiveness of these initiatives there is need to measure the extent of Financial Inclusion. Financial Inclusion can be measured by gauging the progress in access to and usage of a range of products and services of financial institutions over time. The present study sought to propose an index to measure the extent of banking sector oriented Financial Inclusion in India over a period of time rather than a cross-section study which has been the focus of many a studies. The study used more specific indicators of banks-centric financial inclusion dimensions to gauge the long run trend in Financial Inclusion in India. The results indicate that there is much improvement in Financial Inclusion in India since the implementation of financial sector reforms.

Sign in / Sign up

Export Citation Format

Share Document