The promotion of an inclusive financial system is considered a policy priority in many countries. Financial inclusion is important for improving the living. Dr. C. Rangarajan). Financial Services. Source: A Hundred Small Steps – Report of the Committee on Financial Sector Reforms (Chairman: Dr. (d) RBI Working Paper Series Study on ‘Financial Inclusion in India: A Case-study of West. 5 Jan To expedite the process of financial inclusion, public sector banks on Friday agreed to open at least new accounts in each branch every.

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These costs may not be very high — they would be much lower than what the banks will have to bear if they were doing the business directly — but nevertheless there is an additional cost.

C Rangarajan: The Two Pillars of Financial Inclusion

Disclosing this, Chidambaram said it meant that Their area of operation may also be extended to cover the 87 districts, presently not covered by them. For Wilma Rodrigues, trash is treasure. To find out more, including how to control cookies, see here: It is funancial this context that the scheme of business correspondents becomes extremely important.

Notify rangarajan committee report on financial inclusion of new posts via email. Right to cheap pop-corn. The nationalisation of major commercial banks in was an important landmark in the history of financial rngarajan.

To achieve this effectively, resource centres can play a vital role.

The Committee has recommended that adoption of the JLGs concept could be another effective method for purveying credit to mid-segment clients such rangarajan committee report on financial inclusion small farmers, marginal farmers, tenant farmers, etc. An important development in the last odd years has been the organisation of Self-Help Rangarajan committee report on financial inclusion SHGs or small groups of people who could borrow from the banking system.

This site uses cookies. Email required Address never made public. The Rangarajan Committee recommended the linking of micro credit with micro-insurance, which is the key element in the financial services package for people at the bottom of the pyramid. Financial inclusion Micro finance C.


The committee also recommended that individuals should be appointed as banking correspondents, he said.

C Rangarajan: Getting financial inclusion | Business Standard Column

You are commenting using your Twitter account. Fill in your details below or click an icon to log in: They have just got more teeth from the banking correspondent model and a sharper focus on self-help groups. Can we achieve that? It was felt that the nationalised banks can make a big push into rangarajan committee report on financial inclusion rural areas. It is one of the most important policy documents on financial sector. Federations, if they emerge voluntarily from amongst SHGs, can be encouraged.

One is about who should bear the additional costs of introducing such a new tier of operation. Rs65 lakh for a litre of water.

Rangarajan Committee submits report on financial inclusion

Notify me of new comments via email. We need to look for an organisational mechanism that would combine the widespread opening of the branches of the rural areas and the SHG movement. This site uses Akismet to reduce spam.

They do not represent the views or opinions of The Indian Express Group or its staff. However, the Committee felt that they cannot be entrusted with the financial intermediation function.

We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory. The views expressed in comments published on indianexpress.

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The committee on financial inclusion, appointed by the government under my chairmanship, had indicated that at least 50 percent of the financially excluded households must be covered by through rural and semi-urban branches.

Top Stories ‘No bed of roses for Imran Khan government’: Post was not sent – check your email addresses! We should encourage all types of institutions in this mission but I think that the banking-linked programme would be the most important, because banks have the resources. In its final report rangarajan committee report on financial inclusion to finance minister P Chidambaram the committee on financial inclusion, headed by the chairman of Prime Minister’s Economic Advisory Council C Rangarajan, suggested that each branch PSU banks should open new accounts every year.


Rangarajan Committee submits report on financial inclusion – Indian Express

However, the report was nowhere to be found. SC seeks reply from UP govt on plea demanding probe into encounter killings. You can leave a responseor trackback from your own site. Jewellery seized from Mehul Choksi firm is just 3 per cent of book value.

But the fact remains that despite a very focussed expansion of branches in the rural and semi-urban areas, we have not been able to reach out to the poor farm households and therefore a re-think has started now as to what more can be done.

With this end in view, the Committee recommended that the process of merger of RRBs should not proceed beyond the level of sponsor bank in each State. For this segment, the Rangarajan Committee reiterated the need to implement the recommendation of the Vaidyanathan Fknancial Reportwhich had suggested an implementable Action Plan with substantial financial assistance. Otherwise too, it is possible because if you look at the numbers, it is doable given that we have 40, rural and semi-urban bank branches.

Comments are automatically posted live; however, indianexpress. But it is also seen that it is concentrated much more in the South and therefore there is a regional disparity in terms of the growth of the SHGs. Mostly Economics This blog covers rangarajan committee report on financial inclusion work in Rangarajan committee report on financial inclusion with focus on India.

As far as the borrower is concerned, he cannot be asked to pay different rate just because the loan passes through commiytee business correspondent. Facebook stock takes a bath. Learn how your comment data is processed. Last call around This story appears in the 19 November, issue of Forbes India.