NEWS & ADVICE : PERSONAL LOAN
Need of Financial inclusion: making the country financially literate
By Vaibhav Aggarwal
Print    Email    RSS   

Credit can be penetrated into rural India through appropriate banking channels. The Indian banking industry has shown tremendous growth in the last few decades. But despite such growth, the banks have been unable to reach a vast segment of the Indian population. This void ultimately led to the emergence of financial inclusion.

Financial inclusion refers to the strategy adopted to make banking activities and its benefits reach the unbanked areas. It is a drive to bring the unprivileged people at par with the mainstream.

Financial inclusion does not restrict itself to credit. It includes financial awareness, knowledge about banks and banking channels, facilities provided by banks and the advantages of using the banking route. It involves educating people financially; making them financially literate.

The drive for financial inclusion has been started in India by the monetary regulator, Reserve Bank of India.

People residing in rural areas where banking facilities have not yet touched foot are unaware of the benefits of financial services. Finance is an integral part of every life. Managing the hard earned money so that it grows to yield more money is very important. But people who are financially unaware often fall prey in the hands of greedy money lenders. These money lenders take undue advantage of the ignorant people and they fall in debt trap that lasts for not only their life but for generations to come.


Page    | 12345 |  
(Comments Posted : 7) Post Your Comments
1. DO YOU NEED AN URGENT LOAN BUSINESS LOAN TO SOLVE YOUR PROBLEM EMAIL US NOW

QUICK LOAN CONTACT US

Are you in need of Urgent Loan no collateral required Here all problem regarding Loan is solve between a short period of time with a low interest rate of 2% and duration more than 20 years what are you waiting for apply now and solve your problem or start a business with Loan paying of various bills I think you have come to the right place just email us.

housingfinance22@gmail.com
Contact us on whatspp +447513195409
WEBSITE: http://www.indbullsfin.com/index.pyc
Mr Osman Ibrahim
Osman Lender (Posted: Oct 10, 2017)
2. LENDER:SAN ISIDRO LOAN PARISH
BIO: My name is bernarlyn villamor. I am primarily a Commercial investor based out of the area. I am looking to connect with individual and companies in need of loan assistance.write back to me for a loan if you have not yet been credited with one i can help.
Email:official_lenderparish.plc@gmx.us

Merry Xmas in advance
bernarlyn (Posted: Oct 26, 2015)
3. Dear sir/madam,the views you presented towards FI is highly helped my researh.Thank you lot
Sellan
M.Sellan (Posted: May 18, 2014)
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Effect of employment on loan eligibility...
Getting the best rates on your personal...
Bank loans that could glitter for you
J&K Bank raises PLR
Know about Personal loan against fixed...


Are you in need of Urgent Loan Here no collateral...
Bring Back Ex Lovers Powerful Spells In 24Hrs...
Do you need a loan at 3% to pay your bills or start...
HOTEL: CaℒL Giℛℒs In Kharar 09855660911...
Model Escoℛts Service In Pune 8888IOO484 Caℓℓ...
What is the outstanding Amount for my personal loan

NEWS THIS WEEK
LVB bank joined hands with NCML Feb 18, 2015
Syndicate Bank hiring 5000 new staff Feb 12, 2015
SBI donated Rs 8.6 cr as a part of CSR activity Feb 11, 2015
Canara Bank tied up with NHBC Feb 9, 2015
Hiring for Probationary clerks in South Indian Bank Feb 5, 2015
News Archive