Empowering/social sector policies for Women, SC/STs, and Minorities

1. National Strategy for Financial Inclusion

  • Recently, Reserve Bank of India released National Strategy for Financial Inclusion (NSFI) for the period 2019-2024 to set forth the vision in expanding and sustaining the financial inclusion process at the national level through a broad convergence of action.

Key Recommendations

  • Provide banking access to every village within a 5 km radius / hamlet of 500 households in hilly areas by March 2020.
  • Ensure that every adult had access to a financial service provider through a mobile device by March 2024.
  • Strengthen eco-system for various modes of digital financial services in all the Tier II ....
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