Wednesday, November 26, 2025 | 02:20 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch
What is Financial Inclusion

Financial Inclusion

About Financial Inclusion

What is Financial Inclusion

Financial inclusion is a method of offering banking and financial services to individuals. It aims to include everybody in society by giving them basic financial services regardless of their income or savings. It focuses on providing financial solutions to the economically underprivileged. The term is broadly used to describe the provision of savings and loan services to the poor in an inexpensive and easy-to-use form. It aims to ensure that the poor and marginalised make the best use of their money and attain financial education. With advances in financial technology and digital transactions, more and more startups are now making
...
Read More

Latest Updates on Financial Inclusion

Financial inclusion drive opens 6.1 million Jan Dhan accounts in 2.5 months

The Finance Ministry said its three-month financial inclusion drive has opened 6.1 million Jan Dhan accounts, 26 million social security enrolments and updated crores of inactive accounts

Image
Updated On : 16 Sep 2025 | 9:11 PM IST

PMJDY turns 11 with 560 million accounts, ₹2.68 trillion deposits

PM Modi on Thursday said in his post on "X": "When the last mile is financially connected, the entire nation moves forward together

Image
Updated On : 28 Aug 2025 | 10:46 PM IST

The first decade of PMJDY: A catalyst for financial inclusion in India

The number of accounts alone doesn't tell the real story: 66.75% are in rural and semi-urban India, and 55.70% belong to women

Image
Updated On : 24 Aug 2025 | 4:27 PM IST

RBI's financial inclusion index hits 67 in March 2025, reflecting growth

The central bank on Tuesday said that growth was witnessed across all sub-indices - access, usage, and quality

Image
Updated On : 23 Jul 2025 | 12:00 AM IST

140,000 Jan Dhan accounts opened in two weeks under PMJDY drive: FinMin

Nearly 140,000 new Jan Dhan accounts have been opened and more than 540,000 new enrolments have been recorded under three Jan Suraksha Schemes in the past fortnight

Image
Updated On : 15 Jul 2025 | 10:12 PM IST

Watershed moments: How technology bolstered the financial inclusion

Govt started groundwork 50 yrs ago, but adoption and advancement of tech have sped up growth of financial services

Image
Updated On : 30 Jun 2025 | 6:30 AM IST

Microfinance in vicious cycle of debt, high rates, warns RBI deputy guv

RBI Deputy Governor M Rajeshwar Rao warns of high interest rates, borrower over-indebtedness, and coercive recovery in India's microfinance sector, calls for urgent lender reforms

Image
Updated On : 09 Jun 2025 | 7:01 PM IST

Pradhan Mantri Suraksha Bima Yojana - A decade of insurance inclusion

PMSBY offers affordable accident insurance to India's vulnerable. With ₹20 premium and ₹2 lakh cover, it has transformed lives, settled 135,000 claims, and ensured inclusive insurance access

Image
Updated On : 21 May 2025 | 8:16 PM IST

ATM interchange fee hike puts spotlight on micro-ATMs, financial inclusion

The gap of nearly Rs 4 could affect the business correspondent network, which derives nearly 40 per cent of its revenue from the micro-ATM network

Image
Updated On : 28 Mar 2025 | 3:28 PM IST

Regulations must not create unintended barriers to financial inclusion: Guv

Only a matter of time when cross-border payments will become much easier and cost-effective, says RBI Governor Sanjay Malhotra

Image
Updated On : 26 Mar 2025 | 11:01 AM IST

RBI warns of excessive unsecured loans, euphoria over derivative products

RBI deputy governor M Rajeshwar Rao emphasises on meaning engagement beyond account opening

Image
Updated On : 21 Feb 2025 | 5:43 PM IST

SBI MF launches Rs 250 JanNivesh SIP to expand financial inclusivity

An investor can invest as low as Rs 250 per transaction under the JanNivesh SIP scheme, which was launched in presence of Sebi Chairperson Madhabi Puri Buch

Image
Updated On : 17 Feb 2025 | 5:38 PM IST

Finance Ministry dept to meet business correspondents, banks next week

Senior executives of banks to attend discussion; commissions and penalties for sector on agenda

Image
Updated On : 19 Jan 2025 | 11:15 PM IST

FinMin reviews financial inclusion schemes, urges better banking outreach

Nagaraju stressed the importance of expanding banking infrastructure in unbanked villages and improving connectivity in remote areas, particularly in the North East

Image
Updated On : 15 Jan 2025 | 9:46 PM IST

FinMin reviews financial inclusion schemes, urges better banking outreach

Nagaraju stressed the importance of expanding banking infrastructure in unbanked villages and improving connectivity in remote areas, particularly in the North East

Image
Updated On : 15 Jan 2025 | 9:14 PM IST

Digital transformation fueling India's economic growth and inclusion

India's dramatic digital transformation has empowered millions through a digital infrastructure [India Stack], democratising data, identity, and payments

Image
Updated On : 15 Jan 2025 | 11:31 AM IST

Community validation for inclusive outcomes: Mission Antyodaya for SDGs

With updated SECC 2011 data, Mission Antyodaya supports truly inclusive, evidence-based planning, enabling poverty-free GPs through decentralised action

Image
Updated On : 14 Jan 2025 | 7:28 PM IST

FinMin to meet bank heads on Wed to review financial inclusion schemes

The meeting, which would see participation from representatives of private sector banks, is scheduled to be chaired by Financial Services Secretary M Nagaraju

Image
Updated On : 12 Jan 2025 | 5:58 PM IST

RBI announces names of winners of 3rd edition of Global Hackathon

The 28 finalists presented their solutions to an independent jury which selected the winners based on several parameters, including comprehensiveness, innovation, feasibility, scalability, compliance

Image
Updated On : 07 Jan 2025 | 9:11 PM IST

Puri targets Kharge for indulging in shoot and scoot using lies, fake data

In a series of post on X, Puri quoted data to counter Kharge's assertions saying the Modi government's inclusive development policies will make the country a developed nation by 2047

Image
Updated On : 02 Nov 2024 | 6:00 PM IST