Skip to main content

"IBPS,SBI PO DESCRIPTIVE TEST " :Financial Inclusion in India.

" Financial Inclusion" means the comprehensive and easy delivery of financial services to the remotest part of the country. It is vital for a country .The growth of a country is also measured by per capita income ,and per capita income will only increase when the underprivileged citizen's of the country will also use financial services .  The growing the income of the country means that it's GDP is also increasing and hence wealth of the country .Country like India has strong economic foothold inn rural area ,so Financial inclusion is  the need of the hour.
Reserve Bank of India along with Central government has been running several campaign and schemes to bring Financial inclusion .The most successful amongst them is "Jan Dhan Scheme " launched by government  of India . This scheme has brought almost all left behind population to bank .It not only provides Zero account to the underprivileged but also gives various benefits. Overdraft facility of up to 10,000 ,accidentals benefits and death insurance are also provided. 
               
Photo: Google

The most benefited amongst citizens are Women . Other successful Financial inclusion tools are UPI scheme.
 Though India as achieved a lot of success in Financial Inclusion ,it still has to do a lot of things to achieve standard set by Global agency . 

Labels:

Popular posts from this blog

SSC CGL Notification 2022: SSC CGL notification is likely to come today evening. (With changed pattern )

  SSC CGL  NOTIFICATION 2022 (With new syllabus and pattern ) The staff selection commission is likely to announce notification for CGL-2022. This year year vacancy is expected to very high due to upcoming parliamentary election. The online notification is likely to remain for 11 September to 1st October 2022.Check the official website of SSC to know the notification status.  ssc official website.     Image source :SSC Website  SSC CGL exam pattern: SSC CGL exam occurs in four tiers: Tier 1 Tier 2 Tier 1 It consist of 60 minutes of composite time. It has four section : Quant  Reasoning English General awareness Each section contains equal marks of 25 each ,with 25 questions each. Tier 2 Paper 1  Quantitative Aptitude -90 marks -30 questions English & comprehension -135 marks -45 questions Reasoning  - 30 questions -90 marks  GK/GS/GA - 25 questions -75 marks  Computer -20 questions -60 marks (Qualifying ) Typing test -1000 impre...
Read more

How many minutes in a day ?

 There are 1440 minutes in a day. 24 x 60 =1440  Where 24 is number of hours in a day and 60 is  number of minutes in an hour. Alternatively you can also calculate numbers of seconds in a day. 24x60x60= 86400 seconds in a day. There are seven days a week. Monday Tuesday Wednesday Thursday Friday Saturday Sunday
Read more

Know what is "Animal Spirits" in economy?

Animal spirits was a term coined by the famous British economist,   John Maynard Keynes , to describe how people arrive at financial decisions, including buying and selling securities, in times of economic stress or uncertainty. In Keynes’s 1936 publication, "The General Theory of Employment, Interest, and Money," he speaks of animal spirits as the human emotions that affect   consumer confidence . Today, animal spirits describe the psychological and emotional factors that drive investors to take action when faced with high levels of  volatility  in the capital markets. The term comes from the Latin  spiritus animalis,  which means "the breath that awakens the human mind." In some ways, Keynes' insights into human behavior predicted the rise of  behavioral economics . KEY TAKEAWAYS Animal spirits come from the Latin spiritus animalis: "the breath that awakens the human mind." It was coined by British economist, John Maynard Keynes i...
Read more