Impact of Financial Inclusion on Rural Poor
| Financial inclusion has been considered as major policy facilitation needed for livelihood improvement of rural people. Since 2005, the Reserve Bank of India and the Government of India, have been initiating a number of concerted measures to enhance financial inclusion. These measures are SHG-bank linkage program, use of business facilitators and correspondents, easing of 'Know-your-customer' norms, electronic benefit transfer, separate plan for urban financial inclusion, use of mobile technology, bank branches and ATMs, opening and encouraging 'no-frill accounts' and emphasis on financial literacy. Measures initiated by the government also include opening customer service centers, credit counseling centers, Kisan Credit Card, National Pension Scheme Lite, Mahatma Gandhi National Rural Employment Guarantee Scheme and Aadhaar scheme. These renewed efforts are more focused than the earlier measures such as nationalization of banks which were more general in nature having a much wider scope. After more than 5 years of these measures, we need to understand the impact made by these initiatives. |
Project Team
Charan Singh and Gopal Naik
Sponsor
IIM Bangalore
Select Project Type
Ongoing Projects
Project Status
Ongoing (Initiated in June 2013–December 2014)
Funded Projects Functional Area
Economics & Social Science
Impact of Financial Inclusion on Rural Poor
| Project Team: | Charan Singh and Gopal Naik | |
| Sponsor: | IIM Bangalore | |
| Project Status: | Ongoing (Initiated in June 2013–December 2014) | |
| Area: | Economics & Social Science | |
| Abstract: |
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