01-01-2013, 03:21 PM
Financial Inclusion : The Task
Financial Inclusion.ppt (Size: 301.5 KB / Downloads: 67)
Financial Inclusion - Definition
Delivery of financial services at an affordable cost to vast sections of disadvantaged and low income groups
Financial Services includes
Savings
Credit
Insurance
Remittance facilities etc.
Demand Deposit Bank Accounts
41% population do not have a Demand Deposit Bank account
61% unbanked in rural areas
63% unbanked in NE Region (62% in Tripura State)
Why Financial Inclusion
High transactions costs of borrowers
High transactions costs of savers
High transactions costs of banks
High risk cost
Inappropriate products
Financial Inclusion : Challenges
Holistic approach
Viability
Scalability
Adoption of technology
Use of intermediate agencies.