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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.
Financial Inclusion Data (FID) [19] Builds knowledge and good practices on areas related to financial inclusion measurements, such as indicators, methodologies, global standards and principles. Financial Inclusion Strategy (FIS) [20] Promotes the development, implementation, and monitory and evaluation of national financial inclusion strategies.
Guidelines prepared on functioning of the Financial Stability and Development Council (FSDC), a high-level body set up to sort out inter-regulatory issues, will define the role of the finance ministry and how member regulators’ autonomy is not compromised. FSDC was formed to bring greater coordination among financial market regulators.
This financial inclusion campaign was launched by the Prime Minister of India Narendra Modi on 28 August 2014. [2] He had announced this scheme on his first Independence Day speech on 15 August 2014. Run by Department of Financial Services , Ministry of Finance , on the inauguration day, 1.5 crore (15 million) bank accounts were opened under ...
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.
In 2007, then Deputy Chairman of the Planning Commission, Montek Singh Ahluwalia, drafted Rajan to write a report proposing the next generation of financial sector reforms in India. [2] The mandate that was given was to take an overall view of the sector in making recommendations, highlighting links between needed reforms, while offering a ...
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 ]