What do you understand by financial inclusion? Whether the policies regarding financial inclusion implemented in India have yielded positive results? Comment.
Answer: Financial inclusion is the process of ensuring access to financial services and timely and adequate credit services for all at an affordable cost, particularly targeting vulnerable and low income groups.
- Indian government has taken several policies like Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri Suraksha Bima Yojana and Atal Pension Yojana to increase the penetration of banking services and to ensure that all households have at least one bank account.
- PMJDY has made positive impact by bringing unbanked into the banking system, expanded the financial architecture of India and brought financial inclusion to over 40 crore account holders. A ....
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General Studies Mains Questions And Answers
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- 2 Discuss the contribution of moderates in the Indian freedom movement by describing the various methods adopted by them.
- 3 Give an account of the evolution of the relationship between the British power and the Indian princely states during the British rule, mentioning the key developments.
- 4 Describing the importance of big dams in India, throw light on the problems associated with them. Discuss the efforts made for dam safety in the country.
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- 7 Discuss the functions and role of the Election Commission of India. How does the Election Commission ensure free and fair elections in India?
- 8 BIMSTEC is an important organization to strengthen India's position in South-East Asia. Mention the major obstacles to the integration of BIMSTEC.
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- 10 The Nuclear Non-Proliferation Treaty is considered important to prevent the spread of nuclear weapons; yet India is opposed to this treaty. Explain.
