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Financial Inclusion in Focus in India, but Bank Loans to Micro Sector Fall 5.5%
State-run banks may have created a record with opening of Jan Dhan accounts, but when it comes to lending to the poor, they are actually faltering. Bank loans to the micro sector, the target group of the government's financial inclusion drive and Pradhan Mantri Jan Dhan Yojana (PMJDY), have fallen 5.5% over the last 14 months, according to data from the Reserve Bank of India (RBI).
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- Uncategorized
- Region
- South Asia
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State-Owned Bank Negara Indonesia Prepares to Launch Branchless Banking Program
State-owned Bank Negara Indonesia (BNI) is preparing to expand its electronic money (e-money) service to increase low-cost funds as well as to offer wider banking access.
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- Uncategorized
- Region
- Asia Pacific
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India’s National Bank for Agriculture and Rural Development Launches Digitization Scheme for Women Self-Help Groups
With an objective to promote financial inclusion, Nabard today started a pilot project for complete digitisation of women self help groups (SHGs) to improve the quality of interface between members and banks for efficient and hassle free delivery of banking services.
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- Uncategorized
- Region
- South Asia
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Next Phase of Jan Dhan Yojana to Mobilize Financial Savings
The finance ministry on Wednesday said the next phase of the government's ambitious financial inclusion scheme, Pradhan Mantri Jan Dhan Yojana (PMJDY), will be focused on mobilisation of financial savings to reverse the decline in the savings rate.
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- Uncategorized
- Region
- South Asia
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Press Release: IFC Study Shows How Tanzania Became Mobile Financial Services Pioneer
IFC, a member of the World Bank Group, today published a study documenting the establishment of interoperability in the mobile financial services market in Tanzania, an arrangement that increases access to mobile financial services and advances financial inclusion.
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- Uncategorized
- Region
- Sub-Saharan Africa
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3 Ways to Fight Financial Exclusion
Inclusion is one of the hottest development topics of 2015. Being excluded, financially or socially, perpetuates unemployment, inequality and poverty. With 1.8 billion young people in the world, and this number growing most rapidly in the countries with the highest rates of exclusion, we can’t afford to hesitate in addressing this problem.
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‘Financial inclusion is not going to be realized without smartly leveraging technology’: An interview with Carol Caruso, Senior Vice President, Channels and Technology at Accion
With cellphones booming in developing countries, achieving universal financial inclusion by 2020 is no longer unrealistic. Accion has been at the forefront of digital finance as an anti-poverty tool. We recently spoke with Carol Caruso, who leads Accion’s Channels & Technology unit, about what the future holds.
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- Uncategorized
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