financial inclusion essay for bank exam

Ensuring financial freedom – money in your hands whenever you need it; India Post Payments Bank is gearing up to lead the next revolution of banking as one of the largest financial inclusion networks in India, covering both urban and rural areas. 39.39 Crore beneficiaries banked so far ₹ 134,733.20 Crore Balance in beneficiary accounts . SBI PO Mains 2019 Exam Analysis & Review: Find the detailed exam analysis of SBI PO Mains 2019 Exam Analysis held online on 20th July 2019. Jan Dhan Yojana commonly known as Pradhan Mantri jan dhan yojana is an ambitious program launched by the Honourable Prime minister Mr. Narendra Modi for Financial Inclusion to ensure easy access to financial services such as banking Savings & deposit accounts, remittance, credit, Insurance, pension in an affordable manner. It is important to clear all the important terms and concepts that come in financial awareness before you sit for such exams. The rate of return on their savings will be higher for householders, than what a bank offers. Part of: GS Prelims and GS-II – Governance In News: Self Help Group women working as BC Sakhis and Bank Sakhis are playing a vital role in disbursement of Rs.500/-to women having PMJDY accounts (Pradhan Mantri Jan Dhan Yojana) amidst COVID-19 Lockdown. This is the whole concept of the financial market. ; Important value additions: BC Sakhis are Self-Help Groups (SHGs) … And despite all these financial inclusion initiatives (of FINMIN+RBI), still only ~75,000 villages have a bank branch or business correspondent agents (BCA). Financial Inclusion Explore the Top Tips To Prepare For SBI PO Descriptive Paper , by checking the linked article. Bank Sakhi / BC Sakhi plays vital role in financial inclusion.

Financial Awareness is an important part of the GA/GS/GK section in various Bank and Government Exams like SBI PO and Clerk, IBPS PO and Clerk, RBI Grade B Officer and Assistant, SSC CGL, SSC CHSL, SSC CPO, RRB PO, RRB ALP, RRB Group D, SEBI and more.

Financial Education Games, Videos, Comic Strips etc About us National Centre for Financial Education (NCFE) is a Section 8 (Not for Profit) Company promoted by Reserve Bank of India (RBI), Securities and Exchange Board of India (SEBI), Insurance Regulatory and Development Authority of India (IRDAI) and Pension Fund Regulatory and Development Authority (PFRDA). This way a financial market serves an allocative function and mobilize idle funds to be put to more productive use. The paper …

When the allocation of funds is done well, there are some added benefits, such as.

Upon completion of the SBI PO Mains exam analysis, we hope you have had a fair idea about the type of questions being asked during the 2019 exam. 1.26 lakh Bank Mitras delivering branchless banking services in Sub-Service Areas. So for the poor people in remaining ~525000 villages still face the problems we saw` in MNREGA payment withdrawl.