the India Story - Postal Financial Inclusion

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• Number of Kisan Credit Cards – 76 million (Source: CMIE 2007-08)• Number of Mobile phones – 403 million (as on 30 April 2009) Out of which 187 million (46%) do not have a bank account (Source: Cellular Operators Association of India)• Self-Help Groups – wherein the borrowers numbers grew from 10million to 40.5 million• MFIs the borrowers grew from 1.1 million to 14 million
Major recommendations of theCommittee on Financial Inclusionunder Dr. C. Rangarajan• National Rural Financial Inclusion Plan with target to providecomprehensive financial services to at least 50% (55.77 million)financially excluded by 2012 , and the remaining by 2015• Financial Inclusion Promotion & Development Fund to focus onFarmers’ Service Centres, rural entrepreneurship , developing HR ofbanks, and BCBF and the Financial Inclusion Technology Fund tofocus on funding low cost technology solutions• Use of PACSs for BCBF• Micro finance-NBFCs may be permitted to provide financial servicesupto specified amounts to the poor in rural, semi-urban, and urbanareas
Page 2 and 3: Financial Inclusion : Definition“
Page 4 and 5: Inclusive Growth & Financial Inclus
Page 6 and 7: Inclusive Growth & Financial Inclus
Page 8 and 9: Population Per Bank Branch (SCBs)En
Page 10 and 11: Access to Savings AccountsSavingsNo
Page 12 and 13: No-Frills Accounts - Banks’ Progr
Page 16 and 17: Financial Inclusion: The Way Forwar
Page 18 and 19: Post Office Savings Bank• Apart f
Page 20 and 21: Financial Inclusion: India Post•
Page 22: Thank You

the India Story - Postal Financial Inclusion

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