RBI's key recommendations for 5 year financial inclusion strategy

Published On: Friday, February 21, 2020 | By: Team KnowMyStock

RBI released National Strategy for Financial Inclusion for five-year period. As per RBI statement access to formal finance can boost job creation, reduce vulnerability to economic shocks and increase investments in human capital. The Financial Inclusion Advisory Committee of the RBI — in consultation with the Centre,SEBI, IRDAI, and PFRDA— has recommended various ways in which the objective can be fulfilled.The key recommendations are 1.Access to fibacial servic providers in every village within a range of 5km 2.Every adult registered under PNDY should be enrolled in insurence,pension scheme 3.Public credit registry to be made fully operational by MArch 2022 4. Strenthening of digital finacial services to facilitate less cash society 5. Every new entrant should be given information on govt livelihood programme

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

Follow Us On: