Rural Banking
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Bad-Loan Crisis? Over 8 Million Rural Women Turn Defaulters, Finds Study
By Saumya Tewari New Delhi: Two years ago, Nirmala Devaki, a landless farmer from Dastikoppa village in Karnataka’s Dharwad district, borrowed Rs 50,000 for a cousin’s wedding from her self-help group. Under the National Rural Livelihood Mission, there are around 3.9 million self-help groups across India that offer loans as small as Rs 10,000. ...
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Truth vs Hype: Jan Dhan's Half-Empty Promise
On the Jan Dhan Yojana website, nearly 70 per cent of accounts opened under the scheme are shown as dormant.
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Parliament Passes Amendment to Regional Rural Banks Bill
A bill to amend the Regional Rural Banks Act was passed by Parliament today, with government saying it was necessary to empower such financial institutions which are the "jewel in the crown" of the country's financial system.
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Want RBI to Prepare Road Map for Financial Inclusion: Prime Minister Narendra Modi
Prime Minister Narendra Modi today asked the Reserve Bank to prepare a 20-year road map for financial inclusion and nudged banks to be considerate in giving loans to the poor as also while making recoveries from them, especially farmers.
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Nearly a '100 Per Cent Banked Country': India to UN
India is a "nearly 100 per cent banked country" that offers its citizens universal access to financial services aimed at spurring development, a UN commission heard on Thursday.
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Teller-ATM hybrid takes banking to rural India
Time was, banks employed armies of human tellers. Later, they replaced many of them with automated teller machines. Now, India is using a hybrid of the two - the human ATM - to expand banking to its vast rural population.
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Bad-Loan Crisis? Over 8 Million Rural Women Turn Defaulters, Finds Study
By Saumya Tewari New Delhi: Two years ago, Nirmala Devaki, a landless farmer from Dastikoppa village in Karnataka’s Dharwad district, borrowed Rs 50,000 for a cousin’s wedding from her self-help group. Under the National Rural Livelihood Mission, there are around 3.9 million self-help groups across India that offer loans as small as Rs 10,000. ...
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Truth vs Hype: Jan Dhan's Half-Empty Promise
On the Jan Dhan Yojana website, nearly 70 per cent of accounts opened under the scheme are shown as dormant.
-
Parliament Passes Amendment to Regional Rural Banks Bill
A bill to amend the Regional Rural Banks Act was passed by Parliament today, with government saying it was necessary to empower such financial institutions which are the "jewel in the crown" of the country's financial system.
-
Want RBI to Prepare Road Map for Financial Inclusion: Prime Minister Narendra Modi
Prime Minister Narendra Modi today asked the Reserve Bank to prepare a 20-year road map for financial inclusion and nudged banks to be considerate in giving loans to the poor as also while making recoveries from them, especially farmers.
-
Nearly a '100 Per Cent Banked Country': India to UN
India is a "nearly 100 per cent banked country" that offers its citizens universal access to financial services aimed at spurring development, a UN commission heard on Thursday.
-
Teller-ATM hybrid takes banking to rural India
Time was, banks employed armies of human tellers. Later, they replaced many of them with automated teller machines. Now, India is using a hybrid of the two - the human ATM - to expand banking to its vast rural population.
