KEY TRENDS • Maternal Mortality Ratio for India was 370 in 2000, 286 in 2005, 210 in 2010, 158 in 2015 and 145 in 2017. Therefore, the MMRatio for the country decreased by almost 61 percent between 2000 and 2017 *14 • As per the NSS 71st round, among rural females aged 5-29 years, the main reasons for dropping out/ discontinuance were: engagement in domestic activities, not interested in education, financial constraints and marriage. Among rural males aged...
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Bihar villagers to get smart cards by Shoumojit Banerjee
This will speed up payment of wages under employment guarantee scheme In a major step to alleviate delays in wage payments under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), Bihar Chief Minister Nitish Kumar on Thursday launched an “e-Shakti Financial Inclusion” scheme – the first of its kind in the country. The scheme aims at providing about three crore villagers with ‘e-Shakti' biometric smart cards, with the Central Bank of...
More »Financial inclusion: IIM Indore brings banking to poor by Dibyajyoti Chatterjee
With nearly 60% of the country’s population unbanked and the government pledging to bring banking to the lowest stratum of society, the Indian Institute of Management, Indore (IIMI), has decided to do its bit on financial inclusion. For its annual management summit Ahvan, the institute has decided to unveil a programme called Samanvay, where IIMI students will help underprivileged people in and around the campus open bank accounts and get...
More »The banking woes of an “excluded” community by Vidya Subrahmaniam
Banks have designated red zones where the vast majority of Muslim clusters fall. This fact is confirmed by the rash of banking-related complaints received by the National Commission for Minorities. A little over a year ago, Ali Arshad, a resident of Okhla in Delhi, went to a well-known private sector bank to open a bank account. He thought his case would be fast-tracked because he had a banking background, he worked...
More »India state-run banks 'turn away Muslims' by Sanjoy Majumder
State-owned banks in India have been accused of discriminating against the country's Muslim minority. India's minorities watchdog has received a record number of complaints from Muslims who say they have been prevented from opening bank accounts. India's Muslim community is among the poorest in the country. Some bankers say it is not so much their religious background, but their economic status that makes it hard for Muslims to get banking facilities. The National Commission...
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