Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 73
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 73
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Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
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Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Deprecated (16384): The ArrayAccess methods will be removed in 4.0.0.Use getParam(), getData() and getQuery() instead. - /home/brlfuser/public_html/src/Controller/ArtileDetailController.php, line: 74
 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php. [CORE/src/Core/functions.php, line 311]
Code Context


        trigger_error($message, E_USER_DEPRECATED);

    }
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 You can disable deprecation warnings by setting `Error.errorLevel` to `E_ALL & ~E_USER_DEPRECATED` in your config/app.php.'
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deprecationWarning - CORE/src/Core/functions.php, line 311
Cake\Http\ServerRequest::offsetGet() - CORE/src/Http/ServerRequest.php, line 2421
App\Controller\ArtileDetailController::printArticle() - APP/Controller/ArtileDetailController.php, line 74
Cake\Controller\Controller::invokeAction() - CORE/src/Controller/Controller.php, line 610
Cake\Http\ActionDispatcher::_invoke() - CORE/src/Http/ActionDispatcher.php, line 120
Cake\Http\ActionDispatcher::dispatch() - CORE/src/Http/ActionDispatcher.php, line 94
Cake\Http\BaseApplication::__invoke() - CORE/src/Http/BaseApplication.php, line 235
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\RoutingMiddleware::__invoke() - CORE/src/Routing/Middleware/RoutingMiddleware.php, line 162
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Routing\Middleware\AssetMiddleware::__invoke() - CORE/src/Routing/Middleware/AssetMiddleware.php, line 88
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Error\Middleware\ErrorHandlerMiddleware::__invoke() - CORE/src/Error/Middleware/ErrorHandlerMiddleware.php, line 96
Cake\Http\Runner::__invoke() - CORE/src/Http/Runner.php, line 65
Cake\Http\Runner::run() - CORE/src/Http/Runner.php, line 51
Cake\Http\Server::run() - CORE/src/Http/Server.php, line 98

Warning (512): Unable to emit headers. Headers sent in file=/home/brlfuser/public_html/vendor/cakephp/cakephp/src/Error/Debugger.php line=853 [CORE/src/Http/ResponseEmitter.php, line 48]
Code Context
            if (Configure::read('debug')) {

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-The Indian Express
&lt;/p&gt;
&lt;p&gt;
&amp;nbsp;
&lt;/p&gt;
&lt;div align=&quot;justify&quot;&gt;
Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.&lt;br /&gt;
&lt;br /&gt;
A growth rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth rates, the number of urban households covered by no-frill accounts is almost double than rural households, according to a study by Skoch Development Foundation.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Rural outreach seems to be entirely dependent on Business Correspondents. And that too seems a bit defocused due to viability concerns,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
The total number of no-frill accounts as of March 2011 stands at 74.3 million, but the number of active accounts reported by various banks varies between a miniscule 3 per cent and 20 per cent as per the preliminary findings of the &amp;ldquo;State of the Sector Report&amp;rdquo; for wholesome financial inclusion.&lt;br /&gt;
&lt;br /&gt;
The availability of credit is key enabling factor for poverty alleviation. &amp;ldquo;All indicators provide cause for concern: Declining growth rate of Self Help Groups, negative growth in total loans issued by co-operatives and deceleration in growth in agriculture credit to 10.6 per cent during 2010-11 from 22.9 per cent in the previous year,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
Only 0.18 per cent of the total no-frill accounts have an overdraft which totals a mere Rs 198 crore, out of which 81 per cent belongs to the Bank of India. No-frill accounts will remain unused unless there is an Overdraft incentive at the outset.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This meagre amount of overdraft has to be seen in context of Rs 100 crore advertising plan of Indian Banks&amp;rsquo; Association to promote financial inclusion. This amount is sufficient to give a Rs 500 overdraft to 2 million poor households,&amp;rdquo; the study said.&lt;br /&gt;
&lt;br /&gt;
The two years since the first study &amp;ldquo;Speeding Financial Inclusion&amp;rdquo; was released by Skoch Development Foundation in 2009 has seen a lot of progress on the ground with Ministry of Finance and Reserve Bank of India taking a proactive role in facilitating financial inclusion and incorporating many of its recommendations.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;But given the size of the un-banked population in the country, the ongoing drive can at best be considered a &amp;ldquo;significant beginning&amp;rdquo;. Only a little more than a third of India&amp;rsquo;s population have access to banking services at present,&amp;rdquo; it said. In other words, only 3,500 villages have brick and mortar branches and even if another 73,000 habitations are brought under the net through the financial inclusion project, there would still be about 5 lakh habitations left uncovered.
&lt;/div&gt;&#039;,
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-The Indian Express


&amp;nbsp;


Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.

A growth rate of more than 700 per...&#039;,
	&#039;disp&#039; =&gt; &#039;&lt;p&gt;-The Indian Express&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div align=&quot;justify&quot;&gt;Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.&lt;br /&gt;&lt;br /&gt;A growth rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth rates, the number of urban households covered by no-frill accounts is almost double than rural households, according to a study by Skoch Development Foundation.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Rural outreach seems to be entirely dependent on Business Correspondents. And that too seems a bit defocused due to viability concerns,&amp;rdquo; it said.&lt;br /&gt;&lt;br /&gt;The total number of no-frill accounts as of March 2011 stands at 74.3 million, but the number of active accounts reported by various banks varies between a miniscule 3 per cent and 20 per cent as per the preliminary findings of the &amp;ldquo;State of the Sector Report&amp;rdquo; for wholesome financial inclusion.&lt;br /&gt;&lt;br /&gt;The availability of credit is key enabling factor for poverty alleviation. &amp;ldquo;All indicators provide cause for concern: Declining growth rate of Self Help Groups, negative growth in total loans issued by co-operatives and deceleration in growth in agriculture credit to 10.6 per cent during 2010-11 from 22.9 per cent in the previous year,&amp;rdquo; it said.&lt;br /&gt;&lt;br /&gt;Only 0.18 per cent of the total no-frill accounts have an overdraft which totals a mere Rs 198 crore, out of which 81 per cent belongs to the Bank of India. No-frill accounts will remain unused unless there is an Overdraft incentive at the outset.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;This meagre amount of overdraft has to be seen in context of Rs 100 crore advertising plan of Indian Banks&amp;rsquo; Association to promote financial inclusion. This amount is sufficient to give a Rs 500 overdraft to 2 million poor households,&amp;rdquo; the study said.&lt;br /&gt;&lt;br /&gt;The two years since the first study &amp;ldquo;Speeding Financial Inclusion&amp;rdquo; was released by Skoch Development Foundation in 2009 has seen a lot of progress on the ground with Ministry of Finance and Reserve Bank of India taking a proactive role in facilitating financial inclusion and incorporating many of its recommendations.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;But given the size of the un-banked population in the country, the ongoing drive can at best be considered a &amp;ldquo;significant beginning&amp;rdquo;. Only a little more than a third of India&amp;rsquo;s population have access to banking services at present,&amp;rdquo; it said. In other words, only 3,500 villages have brick and mortar branches and even if another 73,000 habitations are brought under the net through the financial inclusion project, there would still be about 5 lakh habitations left uncovered.&lt;/div&gt;&#039;,
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-The Indian Express
&lt;/p&gt;
&lt;p&gt;
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Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.&lt;br /&gt;
&lt;br /&gt;
A growth rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth rates, the number of urban households covered by no-frill accounts is almost double than rural households, according to a study by Skoch Development Foundation.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Rural outreach seems to be entirely dependent on Business Correspondents. And that too seems a bit defocused due to viability concerns,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
The total number of no-frill accounts as of March 2011 stands at 74.3 million, but the number of active accounts reported by various banks varies between a miniscule 3 per cent and 20 per cent as per the preliminary findings of the &amp;ldquo;State of the Sector Report&amp;rdquo; for wholesome financial inclusion.&lt;br /&gt;
&lt;br /&gt;
The availability of credit is key enabling factor for poverty alleviation. &amp;ldquo;All indicators provide cause for concern: Declining growth rate of Self Help Groups, negative growth in total loans issued by co-operatives and deceleration in growth in agriculture credit to 10.6 per cent during 2010-11 from 22.9 per cent in the previous year,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
Only 0.18 per cent of the total no-frill accounts have an overdraft which totals a mere Rs 198 crore, out of which 81 per cent belongs to the Bank of India. No-frill accounts will remain unused unless there is an Overdraft incentive at the outset.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This meagre amount of overdraft has to be seen in context of Rs 100 crore advertising plan of Indian Banks&amp;rsquo; Association to promote financial inclusion. This amount is sufficient to give a Rs 500 overdraft to 2 million poor households,&amp;rdquo; the study said.&lt;br /&gt;
&lt;br /&gt;
The two years since the first study &amp;ldquo;Speeding Financial Inclusion&amp;rdquo; was released by Skoch Development Foundation in 2009 has seen a lot of progress on the ground with Ministry of Finance and Reserve Bank of India taking a proactive role in facilitating financial inclusion and incorporating many of its recommendations.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;But given the size of the un-banked population in the country, the ongoing drive can at best be considered a &amp;ldquo;significant beginning&amp;rdquo;. Only a little more than a third of India&amp;rsquo;s population have access to banking services at present,&amp;rdquo; it said. In other words, only 3,500 villages have brick and mortar branches and even if another 73,000 habitations are brought under the net through the financial inclusion project, there would still be about 5 lakh habitations left uncovered.
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-The Indian Express


&amp;nbsp;


Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.

A growth rate of more than 700 per...&#039;
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-The Indian Express


&nbsp;


Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.

A growth rate of more than 700 per..."/>
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                <strong>Rural poor left out in financial inclusion</strong></h1>
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                <p>-The Indian Express</p><p>&nbsp;</p><div align="justify">Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.<br /><br />A growth rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth rates, the number of urban households covered by no-frill accounts is almost double than rural households, according to a study by Skoch Development Foundation.<br /><br />&ldquo;Rural outreach seems to be entirely dependent on Business Correspondents. And that too seems a bit defocused due to viability concerns,&rdquo; it said.<br /><br />The total number of no-frill accounts as of March 2011 stands at 74.3 million, but the number of active accounts reported by various banks varies between a miniscule 3 per cent and 20 per cent as per the preliminary findings of the &ldquo;State of the Sector Report&rdquo; for wholesome financial inclusion.<br /><br />The availability of credit is key enabling factor for poverty alleviation. &ldquo;All indicators provide cause for concern: Declining growth rate of Self Help Groups, negative growth in total loans issued by co-operatives and deceleration in growth in agriculture credit to 10.6 per cent during 2010-11 from 22.9 per cent in the previous year,&rdquo; it said.<br /><br />Only 0.18 per cent of the total no-frill accounts have an overdraft which totals a mere Rs 198 crore, out of which 81 per cent belongs to the Bank of India. No-frill accounts will remain unused unless there is an Overdraft incentive at the outset.<br /><br />&ldquo;This meagre amount of overdraft has to be seen in context of Rs 100 crore advertising plan of Indian Banks&rsquo; Association to promote financial inclusion. This amount is sufficient to give a Rs 500 overdraft to 2 million poor households,&rdquo; the study said.<br /><br />The two years since the first study &ldquo;Speeding Financial Inclusion&rdquo; was released by Skoch Development Foundation in 2009 has seen a lot of progress on the ground with Ministry of Finance and Reserve Bank of India taking a proactive role in facilitating financial inclusion and incorporating many of its recommendations.<br /><br />&ldquo;But given the size of the un-banked population in the country, the ongoing drive can at best be considered a &ldquo;significant beginning&rdquo;. Only a little more than a third of India&rsquo;s population have access to banking services at present,&rdquo; it said. In other words, only 3,500 villages have brick and mortar branches and even if another 73,000 habitations are brought under the net through the financial inclusion project, there would still be about 5 lakh habitations left uncovered.</div>               </font>
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    <link rel="canonical" href="https://im4change.in/<pre class="cake-error"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68167e6d95486-trace').style.display = (document.getElementById('cakeErr68167e6d95486-trace').style.display == 'none' ? '' : 'none');"><b>Notice</b> (8)</a>: Undefined variable: urlPrefix [<b>APP/Template/Layout/printlayout.ctp</b>, line <b>8</b>]<div id="cakeErr68167e6d95486-trace" class="cake-stack-trace" style="display: none;"><a href="javascript:void(0);" onclick="document.getElementById('cakeErr68167e6d95486-code').style.display = (document.getElementById('cakeErr68167e6d95486-code').style.display == 'none' ? '' : 'none')">Code</a> <a href="javascript:void(0);" onclick="document.getElementById('cakeErr68167e6d95486-context').style.display = (document.getElementById('cakeErr68167e6d95486-context').style.display == 'none' ? '' : 'none')">Context</a><pre id="cakeErr68167e6d95486-code" class="cake-code-dump" style="display: none;"><code><span style="color: #000000"><span style="color: #0000BB"></span><span style="color: #007700">&lt;</span><span style="color: #0000BB">head</span><span style="color: #007700">&gt;
</span></span></code>
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</span></code></span>
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-The Indian Express
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Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.&lt;br /&gt;
&lt;br /&gt;
A growth rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth rates, the number of urban households covered by no-frill accounts is almost double than rural households, according to a study by Skoch Development Foundation.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Rural outreach seems to be entirely dependent on Business Correspondents. And that too seems a bit defocused due to viability concerns,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
The total number of no-frill accounts as of March 2011 stands at 74.3 million, but the number of active accounts reported by various banks varies between a miniscule 3 per cent and 20 per cent as per the preliminary findings of the &amp;ldquo;State of the Sector Report&amp;rdquo; for wholesome financial inclusion.&lt;br /&gt;
&lt;br /&gt;
The availability of credit is key enabling factor for poverty alleviation. &amp;ldquo;All indicators provide cause for concern: Declining growth rate of Self Help Groups, negative growth in total loans issued by co-operatives and deceleration in growth in agriculture credit to 10.6 per cent during 2010-11 from 22.9 per cent in the previous year,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
Only 0.18 per cent of the total no-frill accounts have an overdraft which totals a mere Rs 198 crore, out of which 81 per cent belongs to the Bank of India. No-frill accounts will remain unused unless there is an Overdraft incentive at the outset.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This meagre amount of overdraft has to be seen in context of Rs 100 crore advertising plan of Indian Banks&amp;rsquo; Association to promote financial inclusion. This amount is sufficient to give a Rs 500 overdraft to 2 million poor households,&amp;rdquo; the study said.&lt;br /&gt;
&lt;br /&gt;
The two years since the first study &amp;ldquo;Speeding Financial Inclusion&amp;rdquo; was released by Skoch Development Foundation in 2009 has seen a lot of progress on the ground with Ministry of Finance and Reserve Bank of India taking a proactive role in facilitating financial inclusion and incorporating many of its recommendations.&lt;br /&gt;
&lt;br /&gt;
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-The Indian Express


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Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.

A growth rate of more than 700 per...&#039;,
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-The Indian Express
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Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.&lt;br /&gt;
&lt;br /&gt;
A growth rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth rates, the number of urban households covered by no-frill accounts is almost double than rural households, according to a study by Skoch Development Foundation.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Rural outreach seems to be entirely dependent on Business Correspondents. And that too seems a bit defocused due to viability concerns,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
The total number of no-frill accounts as of March 2011 stands at 74.3 million, but the number of active accounts reported by various banks varies between a miniscule 3 per cent and 20 per cent as per the preliminary findings of the &amp;ldquo;State of the Sector Report&amp;rdquo; for wholesome financial inclusion.&lt;br /&gt;
&lt;br /&gt;
The availability of credit is key enabling factor for poverty alleviation. &amp;ldquo;All indicators provide cause for concern: Declining growth rate of Self Help Groups, negative growth in total loans issued by co-operatives and deceleration in growth in agriculture credit to 10.6 per cent during 2010-11 from 22.9 per cent in the previous year,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
Only 0.18 per cent of the total no-frill accounts have an overdraft which totals a mere Rs 198 crore, out of which 81 per cent belongs to the Bank of India. No-frill accounts will remain unused unless there is an Overdraft incentive at the outset.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This meagre amount of overdraft has to be seen in context of Rs 100 crore advertising plan of Indian Banks&amp;rsquo; Association to promote financial inclusion. This amount is sufficient to give a Rs 500 overdraft to 2 million poor households,&amp;rdquo; the study said.&lt;br /&gt;
&lt;br /&gt;
The two years since the first study &amp;ldquo;Speeding Financial Inclusion&amp;rdquo; was released by Skoch Development Foundation in 2009 has seen a lot of progress on the ground with Ministry of Finance and Reserve Bank of India taking a proactive role in facilitating financial inclusion and incorporating many of its recommendations.&lt;br /&gt;
&lt;br /&gt;
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-The Indian Express


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Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.

A growth rate of more than 700 per..."/>
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                <strong>Rural poor left out in financial inclusion</strong></h1>
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                <p>-The Indian Express</p><p>&nbsp;</p><div align="justify">Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.<br /><br />A growth rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth rates, the number of urban households covered by no-frill accounts is almost double than rural households, according to a study by Skoch Development Foundation.<br /><br />&ldquo;Rural outreach seems to be entirely dependent on Business Correspondents. And that too seems a bit defocused due to viability concerns,&rdquo; it said.<br /><br />The total number of no-frill accounts as of March 2011 stands at 74.3 million, but the number of active accounts reported by various banks varies between a miniscule 3 per cent and 20 per cent as per the preliminary findings of the &ldquo;State of the Sector Report&rdquo; for wholesome financial inclusion.<br /><br />The availability of credit is key enabling factor for poverty alleviation. &ldquo;All indicators provide cause for concern: Declining growth rate of Self Help Groups, negative growth in total loans issued by co-operatives and deceleration in growth in agriculture credit to 10.6 per cent during 2010-11 from 22.9 per cent in the previous year,&rdquo; it said.<br /><br />Only 0.18 per cent of the total no-frill accounts have an overdraft which totals a mere Rs 198 crore, out of which 81 per cent belongs to the Bank of India. No-frill accounts will remain unused unless there is an Overdraft incentive at the outset.<br /><br />&ldquo;This meagre amount of overdraft has to be seen in context of Rs 100 crore advertising plan of Indian Banks&rsquo; Association to promote financial inclusion. This amount is sufficient to give a Rs 500 overdraft to 2 million poor households,&rdquo; the study said.<br /><br />The two years since the first study &ldquo;Speeding Financial Inclusion&rdquo; was released by Skoch Development Foundation in 2009 has seen a lot of progress on the ground with Ministry of Finance and Reserve Bank of India taking a proactive role in facilitating financial inclusion and incorporating many of its recommendations.<br /><br />&ldquo;But given the size of the un-banked population in the country, the ongoing drive can at best be considered a &ldquo;significant beginning&rdquo;. Only a little more than a third of India&rsquo;s population have access to banking services at present,&rdquo; it said. In other words, only 3,500 villages have brick and mortar branches and even if another 73,000 habitations are brought under the net through the financial inclusion project, there would still be about 5 lakh habitations left uncovered.</div>               </font>
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-The Indian Express
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Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.&lt;br /&gt;
&lt;br /&gt;
A growth rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth rates, the number of urban households covered by no-frill accounts is almost double than rural households, according to a study by Skoch Development Foundation.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Rural outreach seems to be entirely dependent on Business Correspondents. And that too seems a bit defocused due to viability concerns,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
The total number of no-frill accounts as of March 2011 stands at 74.3 million, but the number of active accounts reported by various banks varies between a miniscule 3 per cent and 20 per cent as per the preliminary findings of the &amp;ldquo;State of the Sector Report&amp;rdquo; for wholesome financial inclusion.&lt;br /&gt;
&lt;br /&gt;
The availability of credit is key enabling factor for poverty alleviation. &amp;ldquo;All indicators provide cause for concern: Declining growth rate of Self Help Groups, negative growth in total loans issued by co-operatives and deceleration in growth in agriculture credit to 10.6 per cent during 2010-11 from 22.9 per cent in the previous year,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
Only 0.18 per cent of the total no-frill accounts have an overdraft which totals a mere Rs 198 crore, out of which 81 per cent belongs to the Bank of India. No-frill accounts will remain unused unless there is an Overdraft incentive at the outset.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This meagre amount of overdraft has to be seen in context of Rs 100 crore advertising plan of Indian Banks&amp;rsquo; Association to promote financial inclusion. This amount is sufficient to give a Rs 500 overdraft to 2 million poor households,&amp;rdquo; the study said.&lt;br /&gt;
&lt;br /&gt;
The two years since the first study &amp;ldquo;Speeding Financial Inclusion&amp;rdquo; was released by Skoch Development Foundation in 2009 has seen a lot of progress on the ground with Ministry of Finance and Reserve Bank of India taking a proactive role in facilitating financial inclusion and incorporating many of its recommendations.&lt;br /&gt;
&lt;br /&gt;
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-The Indian Express


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Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.

A growth rate of more than 700 per...&#039;,
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Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.&lt;br /&gt;
&lt;br /&gt;
A growth rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth rates, the number of urban households covered by no-frill accounts is almost double than rural households, according to a study by Skoch Development Foundation.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;Rural outreach seems to be entirely dependent on Business Correspondents. And that too seems a bit defocused due to viability concerns,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
The total number of no-frill accounts as of March 2011 stands at 74.3 million, but the number of active accounts reported by various banks varies between a miniscule 3 per cent and 20 per cent as per the preliminary findings of the &amp;ldquo;State of the Sector Report&amp;rdquo; for wholesome financial inclusion.&lt;br /&gt;
&lt;br /&gt;
The availability of credit is key enabling factor for poverty alleviation. &amp;ldquo;All indicators provide cause for concern: Declining growth rate of Self Help Groups, negative growth in total loans issued by co-operatives and deceleration in growth in agriculture credit to 10.6 per cent during 2010-11 from 22.9 per cent in the previous year,&amp;rdquo; it said.&lt;br /&gt;
&lt;br /&gt;
Only 0.18 per cent of the total no-frill accounts have an overdraft which totals a mere Rs 198 crore, out of which 81 per cent belongs to the Bank of India. No-frill accounts will remain unused unless there is an Overdraft incentive at the outset.&lt;br /&gt;
&lt;br /&gt;
&amp;ldquo;This meagre amount of overdraft has to be seen in context of Rs 100 crore advertising plan of Indian Banks&amp;rsquo; Association to promote financial inclusion. This amount is sufficient to give a Rs 500 overdraft to 2 million poor households,&amp;rdquo; the study said.&lt;br /&gt;
&lt;br /&gt;
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&lt;br /&gt;
&amp;ldquo;But given the size of the un-banked population in the country, the ongoing drive can at best be considered a &amp;ldquo;significant beginning&amp;rdquo;. Only a little more than a third of India&amp;rsquo;s population have access to banking services at present,&amp;rdquo; it said. In other words, only 3,500 villages have brick and mortar branches and even if another 73,000 habitations are brought under the net through the financial inclusion project, there would still be about 5 lakh habitations left uncovered.
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-The Indian Express


&amp;nbsp;


Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.

A growth rate of more than 700 per...&#039;
$disp = &#039;&lt;p&gt;-The Indian Express&lt;/p&gt;&lt;p&gt;&amp;nbsp;&lt;/p&gt;&lt;div align=&quot;justify&quot;&gt;Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.&lt;br /&gt;&lt;br /&gt;A growth rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth rates, the number of urban households covered by no-frill accounts is almost double than rural households, according to a study by Skoch Development Foundation.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;Rural outreach seems to be entirely dependent on Business Correspondents. And that too seems a bit defocused due to viability concerns,&amp;rdquo; it said.&lt;br /&gt;&lt;br /&gt;The total number of no-frill accounts as of March 2011 stands at 74.3 million, but the number of active accounts reported by various banks varies between a miniscule 3 per cent and 20 per cent as per the preliminary findings of the &amp;ldquo;State of the Sector Report&amp;rdquo; for wholesome financial inclusion.&lt;br /&gt;&lt;br /&gt;The availability of credit is key enabling factor for poverty alleviation. &amp;ldquo;All indicators provide cause for concern: Declining growth rate of Self Help Groups, negative growth in total loans issued by co-operatives and deceleration in growth in agriculture credit to 10.6 per cent during 2010-11 from 22.9 per cent in the previous year,&amp;rdquo; it said.&lt;br /&gt;&lt;br /&gt;Only 0.18 per cent of the total no-frill accounts have an overdraft which totals a mere Rs 198 crore, out of which 81 per cent belongs to the Bank of India. No-frill accounts will remain unused unless there is an Overdraft incentive at the outset.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;This meagre amount of overdraft has to be seen in context of Rs 100 crore advertising plan of Indian Banks&amp;rsquo; Association to promote financial inclusion. This amount is sufficient to give a Rs 500 overdraft to 2 million poor households,&amp;rdquo; the study said.&lt;br /&gt;&lt;br /&gt;The two years since the first study &amp;ldquo;Speeding Financial Inclusion&amp;rdquo; was released by Skoch Development Foundation in 2009 has seen a lot of progress on the ground with Ministry of Finance and Reserve Bank of India taking a proactive role in facilitating financial inclusion and incorporating many of its recommendations.&lt;br /&gt;&lt;br /&gt;&amp;ldquo;But given the size of the un-banked population in the country, the ongoing drive can at best be considered a &amp;ldquo;significant beginning&amp;rdquo;. Only a little more than a third of India&amp;rsquo;s population have access to banking services at present,&amp;rdquo; it said. In other words, only 3,500 villages have brick and mortar branches and even if another 73,000 habitations are brought under the net through the financial inclusion project, there would still be about 5 lakh habitations left uncovered.&lt;/div&gt;&#039;
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-The Indian Express


&nbsp;


Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.

A growth rate of more than 700 per..."/>
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                <strong>Rural poor left out in financial inclusion</strong></h1>
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                <p>-The Indian Express</p><p>&nbsp;</p><div align="justify">Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.<br /><br />A growth rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth rates, the number of urban households covered by no-frill accounts is almost double than rural households, according to a study by Skoch Development Foundation.<br /><br />&ldquo;Rural outreach seems to be entirely dependent on Business Correspondents. And that too seems a bit defocused due to viability concerns,&rdquo; it said.<br /><br />The total number of no-frill accounts as of March 2011 stands at 74.3 million, but the number of active accounts reported by various banks varies between a miniscule 3 per cent and 20 per cent as per the preliminary findings of the &ldquo;State of the Sector Report&rdquo; for wholesome financial inclusion.<br /><br />The availability of credit is key enabling factor for poverty alleviation. &ldquo;All indicators provide cause for concern: Declining growth rate of Self Help Groups, negative growth in total loans issued by co-operatives and deceleration in growth in agriculture credit to 10.6 per cent during 2010-11 from 22.9 per cent in the previous year,&rdquo; it said.<br /><br />Only 0.18 per cent of the total no-frill accounts have an overdraft which totals a mere Rs 198 crore, out of which 81 per cent belongs to the Bank of India. No-frill accounts will remain unused unless there is an Overdraft incentive at the outset.<br /><br />&ldquo;This meagre amount of overdraft has to be seen in context of Rs 100 crore advertising plan of Indian Banks&rsquo; Association to promote financial inclusion. This amount is sufficient to give a Rs 500 overdraft to 2 million poor households,&rdquo; the study said.<br /><br />The two years since the first study &ldquo;Speeding Financial Inclusion&rdquo; was released by Skoch Development Foundation in 2009 has seen a lot of progress on the ground with Ministry of Finance and Reserve Bank of India taking a proactive role in facilitating financial inclusion and incorporating many of its recommendations.<br /><br />&ldquo;But given the size of the un-banked population in the country, the ongoing drive can at best be considered a &ldquo;significant beginning&rdquo;. Only a little more than a third of India&rsquo;s population have access to banking services at present,&rdquo; it said. In other words, only 3,500 villages have brick and mortar branches and even if another 73,000 habitations are brought under the net through the financial inclusion project, there would still be about 5 lakh habitations left uncovered.</div>               </font>
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-The Indian Express
</p>
<p>
&nbsp;
</p>
<div align="justify">
Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.<br />
<br />
A growth rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth rates, the number of urban households covered by no-frill accounts is almost double than rural households, according to a study by Skoch Development Foundation.<br />
<br />
&ldquo;Rural outreach seems to be entirely dependent on Business Correspondents. And that too seems a bit defocused due to viability concerns,&rdquo; it said.<br />
<br />
The total number of no-frill accounts as of March 2011 stands at 74.3 million, but the number of active accounts reported by various banks varies between a miniscule 3 per cent and 20 per cent as per the preliminary findings of the &ldquo;State of the Sector Report&rdquo; for wholesome financial inclusion.<br />
<br />
The availability of credit is key enabling factor for poverty alleviation. &ldquo;All indicators provide cause for concern: Declining growth rate of Self Help Groups, negative growth in total loans issued by co-operatives and deceleration in growth in agriculture credit to 10.6 per cent during 2010-11 from 22.9 per cent in the previous year,&rdquo; it said.<br />
<br />
Only 0.18 per cent of the total no-frill accounts have an overdraft which totals a mere Rs 198 crore, out of which 81 per cent belongs to the Bank of India. No-frill accounts will remain unused unless there is an Overdraft incentive at the outset.<br />
<br />
&ldquo;This meagre amount of overdraft has to be seen in context of Rs 100 crore advertising plan of Indian Banks&rsquo; Association to promote financial inclusion. This amount is sufficient to give a Rs 500 overdraft to 2 million poor households,&rdquo; the study said.<br />
<br />
The two years since the first study &ldquo;Speeding Financial Inclusion&rdquo; was released by Skoch Development Foundation in 2009 has seen a lot of progress on the ground with Ministry of Finance and Reserve Bank of India taking a proactive role in facilitating financial inclusion and incorporating many of its recommendations.<br />
<br />
&ldquo;But given the size of the un-banked population in the country, the ongoing drive can at best be considered a &ldquo;significant beginning&rdquo;. Only a little more than a third of India&rsquo;s population have access to banking services at present,&rdquo; it said. In other words, only 3,500 villages have brick and mortar branches and even if another 73,000 habitations are brought under the net through the financial inclusion project, there would still be about 5 lakh habitations left uncovered.
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-The Indian Express


&nbsp;


Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.

A growth rate of more than 700 per...',
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-The Indian Express
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&nbsp;
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Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.<br />
<br />
A growth rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth rates, the number of urban households covered by no-frill accounts is almost double than rural households, according to a study by Skoch Development Foundation.<br />
<br />
&ldquo;Rural outreach seems to be entirely dependent on Business Correspondents. And that too seems a bit defocused due to viability concerns,&rdquo; it said.<br />
<br />
The total number of no-frill accounts as of March 2011 stands at 74.3 million, but the number of active accounts reported by various banks varies between a miniscule 3 per cent and 20 per cent as per the preliminary findings of the &ldquo;State of the Sector Report&rdquo; for wholesome financial inclusion.<br />
<br />
The availability of credit is key enabling factor for poverty alleviation. &ldquo;All indicators provide cause for concern: Declining growth rate of Self Help Groups, negative growth in total loans issued by co-operatives and deceleration in growth in agriculture credit to 10.6 per cent during 2010-11 from 22.9 per cent in the previous year,&rdquo; it said.<br />
<br />
Only 0.18 per cent of the total no-frill accounts have an overdraft which totals a mere Rs 198 crore, out of which 81 per cent belongs to the Bank of India. No-frill accounts will remain unused unless there is an Overdraft incentive at the outset.<br />
<br />
&ldquo;This meagre amount of overdraft has to be seen in context of Rs 100 crore advertising plan of Indian Banks&rsquo; Association to promote financial inclusion. This amount is sufficient to give a Rs 500 overdraft to 2 million poor households,&rdquo; the study said.<br />
<br />
The two years since the first study &ldquo;Speeding Financial Inclusion&rdquo; was released by Skoch Development Foundation in 2009 has seen a lot of progress on the ground with Ministry of Finance and Reserve Bank of India taking a proactive role in facilitating financial inclusion and incorporating many of its recommendations.<br />
<br />
&ldquo;But given the size of the un-banked population in the country, the ongoing drive can at best be considered a &ldquo;significant beginning&rdquo;. Only a little more than a third of India&rsquo;s population have access to banking services at present,&rdquo; it said. In other words, only 3,500 villages have brick and mortar branches and even if another 73,000 habitations are brought under the net through the financial inclusion project, there would still be about 5 lakh habitations left uncovered.
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-The Indian Express


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Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study.

A growth rate of more than 700 per...'
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Rural poor left out in financial inclusion

-The Indian Express   Financial inclusion in India seems to be far from inclusive. Out of a total of 5,165 new branches opened in 2011, only 21.86 per cent are rural branches, says a study. A growth rate of more than 700 per cent in urban Customer Service Points (CSPs) over the last year points towards the latest trend of urbanisation among Business Correspondents (BCs). Although there is not much difference between growth rates, the number of urban households covered by no-frill accounts is almost double than rural households, according to a study by Skoch Development Foundation. “Rural outreach seems to be entirely dependent on Business Correspondents. And that too seems a bit defocused due to viability concerns,” it said. The total number of no-frill accounts as of March 2011 stands at 74.3 million, but the number of active accounts reported by various banks varies between a miniscule 3 per cent and 20 per cent as per the preliminary findings of the “State of the Sector Report” for wholesome financial inclusion. The availability of credit is key enabling factor for poverty alleviation. “All indicators provide cause for concern: Declining growth rate of Self Help Groups, negative growth in total loans issued by co-operatives and deceleration in growth in agriculture credit to 10.6 per cent during 2010-11 from 22.9 per cent in the previous year,” it said. Only 0.18 per cent of the total no-frill accounts have an overdraft which totals a mere Rs 198 crore, out of which 81 per cent belongs to the Bank of India. No-frill accounts will remain unused unless there is an Overdraft incentive at the outset. “This meagre amount of overdraft has to be seen in context of Rs 100 crore advertising plan of Indian Banks’ Association to promote financial inclusion. This amount is sufficient to give a Rs 500 overdraft to 2 million poor households,” the study said. The two years since the first study “Speeding Financial Inclusion” was released by Skoch Development Foundation in 2009 has seen a lot of progress on the ground with Ministry of Finance and Reserve Bank of India taking a proactive role in facilitating financial inclusion and incorporating many of its recommendations. “But given the size of the un-banked population in the country, the ongoing drive can at best be considered a “significant beginning”. Only a little more than a third of India’s population have access to banking services at present,” it said. In other words, only 3,500 villages have brick and mortar branches and even if another 73,000 habitations are brought under the net through the financial inclusion project, there would still be about 5 lakh habitations left uncovered.