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Committee on Medium-term Path on Financial Inclusion was an experts committee formed by the Reserve Bank of India (RBI) on 15 July 2015 to create a five-year plan for financial inclusion in India. It was headed by Deepak Mohanty , executive director of RBI.
Committee on Comprehensive Financial Services for Small Businesses and Low Income Households (commonly known as the Nachiket Mor Committee) [1] was an expert committee formed by Raghuram Rajan on 23 September 2013, [2] after he was appointed as the governor of the Reserve Bank of India (RBI). It was headed by Nachiket Mor.
In 2013, Finance Minister of India, P. Chidambaram launched the CRISIL Inclusix, an index to measure the status of financial inclusion in India. [20] CRISIL , India's leading credit rating and research company is collecting data from 666 districts in India and ranking on a scale from 0 to 100 based on four parameters of financial services.
The institutional structure for India’s Financial Inclusion/ Literacy programme is unique as it has an apex body in the Financial Stability and Development Council (FSDC), headed by the Finance Minister of Government of India, mandated, inter alia, to focus on attaining financial inclusion/ literacy goals. [6]
Bharat Financial Inclusion Limited (formerly known as SKS Microfinance Limited) or BFIL is a banking & finance company (NBFC), licensed by the Reserve Bank of India. It was founded in 1997 by Vikram Akula , who served as its executive chair until working. [ 3 ]
Pradhan Mantri Jan Dhan Yojana (transl. Prime Minister's Public Finance Scheme) is a financial inclusion program of the Government of India open to Indian citizens (minors of age 10 and older can also open an account with a guardian to manage it), that aims to expand affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions.
The Raghuram Rajan Committee on Financial Sector Reforms was a committee constituted by the Government of India in 2007 for proposing the next generation of financial sector reforms in India. It was chaired by University of Chicago economist Raghuram Rajan who had earlier been the chief economist at the International Monetary Fund .
Smt. Udeshi joined the Reserve Bank of India in 1965 and was appointed as the first woman deputy governor in 2003. She retired from the RBI in October 2005 and has been chairperson of the Banking Codes and Standards Board of India till recently. Smt. Udeshi is a post-graduate in economics. Shri Yezdi H.Malegam: Member