Financial Inclusion: Differences between the Government and RBI?

Financial Inclusion: Differences between the Government and RBI?

The prime minister's mission on financial inclusion for all by 2018 is not a new programme, there have been variants initiated by the Reserve Bank of India and there was another proposal of the Ministry of Finance as well. The new programme as it stands has few details and does not seem to reco...

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Veröffentlicht in:Economic and political weekly 2014-08, Vol.49 (35), p.12-15
Hauptverfasser: SHETTY, S L, DEOKAR, BIPIN K
Format: Artikel
Sprache:eng
Schlagworte:
Bank accounts
Bank credit
Banking industry
Banking services
Charge accounts
COMMENTARY
Electronics benefit transfer
Financial inclusion
Financial services
Savings accounts
Socioeconomics
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Zusammenfassung:The prime minister's mission on financial inclusion for all by 2018 is not a new programme, there have been variants initiated by the Reserve Bank of India and there was another proposal of the Ministry of Finance as well. The new programme as it stands has few details and does not seem to recognise the enormity of the infrastructural and human resource challenges that must be overcome and the scaling up expected of the banking sector. There also seems to be a lack of coordination between the RBI and the Government of India.
ISSN:0012-9976
2349-8846