`Financial Inclusion' as defined by the committee of financial inclusion is the process of ensuring access to financial services and timely and adequate credit, where needed by vulnerable groups, such as weaker sections and lower income groups at an affordable cost. Reserve Bank of India (RBI) has selected Baikunthpur village in Narayanpur block of Mirzapur district to provide banking services to the villagers under its financial inclusion programme. The programme...
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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...
More »Jobs round the year mooted in Naxal areas by K Balchand
Members of the Central Employment Guarantee Council (CEGC), the government body for implementation of the Mahatma Gandhi National Rural Employment Guarantee Act, have suggested that jobs be guaranteed round the year in Naxal-hit regions. The suggestion, made by one of the six working groups set up for improving the scope of the MNREGS, came up for discussion at Friday's CEGC meeting here. The group said that in drought prone areas and regions...
More »Ration shops to go hi-tech by Ravleen Kaur
AGRICULTURE minister Sharad Pawar has launched smart cards in Haryana and Chandigarh as a pilot project aimed at streamlining the public distribution system (PDS). Smart cards will replace paper cards and the subsidised ration bought at fair price shops (FPS) will be recorded online. The smart card will have biometric identification details of the beneficiary like fingerprints and iris scans. A smart card will also record the amount of stock a...
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...
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