Tag Archives: financial inclusion

Microfinance Industry Upset with NO Waiver of Service Charges in Budget

budget

The Budget 2017 has received a mixed reaction from the microfinance industry that was worst-hit due to demonetisation. Though the budget was mainly rural-centric with several schemes and infrastructure for the villages, it has failed to address the long-standing demand to waive off the service charges for the MFIs as they serve the bottom of the pyramid and poor borrowers, said ...

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Mastercard, SMU set up new financial inclusion program

MasterCard and Singapore Management University (SMU) have announced their partnership in a new Social and Financial Inclusion Programme spanning over two years to catalyse research on social entrepreneurship, innovation and financial inclusion. It also features an annual Forum, a seminar series, funding towards student projects, as well as the establishment of the MasterCard Professorship of Social Entrepreneurship and Financial Inclusion, ...

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RBI Appoints Mohanty Panel for Financial Inclusion

The Reserve Bank of India has announced the constitution of a committee, chaired by Deepak Mohanty, Executive Director, Reserve Bank of India, to review the existing policy with respect to financial inclusion. The term of the panel will be five years and it would study cross country experiences in financial inclusion to identify key learnings, said a satement. The panel ...

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Tripura block’s incredible feat in financial inclusion gets award

By Sujit Chakraborty¬† Prime Minister Narendra Modi will confer an award on Tripura’s Mandwai block on April 21 in New Delhi for best performance in financial inclusion and financial literacy. Incidentally, the tribal dominated area had been till recently plagued by insurgency apart from widespread ethnic riots in 1980s in which hundreds died. “When it comes to financial inclusion of ...

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Don’t Forget Financial Inclusion, Modi Tells RBI

Prime Minister Narendra Modi asked the Reserve Bank of India (RBI) to prepare a road map for “financial inclusion” and help transform the lives of the poor, ahead of its forthcoming centenary year in 2035, here on Thursday. “The RBI will be completing 100 years in 2035 and it will be appropriate for it to work on financial inclusion and ...

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