RBI unveiled a 2019-24 National Strategy for Financial Inclusion
The Reserve Bank of India (RBI) unveiled a National Strategy
for Financial Inclusion 2019-24.
The RBI's Strategy is aimed at providing
access to formal financial services in an affordable manner.
It aims to promote
financial literacy among customers.
The Financial Inclusion Advisory Committee of the RBI in
consultation with the Government of India, Securities Exchange Board of India
(SEBI), Insurance Regulatory and Development Authority of India (IRDAI), and
Pension Fund Regulatory and Development Authority of India (PFRDA) provided the
National Strategy for Financial Inclusion 2019-24.
National Strategy for Financial Inclusion 2019-24: A fact file
National Strategy for Financial Inclusion method recommends many ways in which
the objective can be fulfilled.
suggested methods to provide access to financial service provides in every
village within a range of 5 km.
Every adult registered under Pradhan Mantri Jan Dhan Yojana (PMJDY) should be
enrolled in insurance, pension schemes.
public credit registry should be made fully operational by March 2022.
strategy directed to strengthen the digital financial services to facilitate
Every new entrant should be given information on government livelihood