Reserve Bank of India has set a projection of fove years by which mobile banks would be penetrating to every village of India, said KC Chakraborty, Deputy Governor of RBI.   Chakraborty firmly said that in five years time every villager would be financially included. Mobile bank is a movable vehicle which reaches a particular region at a specified time. Every mobile bank is authorized by some bank and is operated by bank...

The Prime Minister, Dr Manmohan Singh, on Friday reviewed the progress towards Financial Inclusion by banks in India. Dr Singh was briefed on the efforts being made by banks to reach banking services through information and communication technology based models and banking intermediaries to 73,000 rural habitations having population of over 2000 as per the 2001 census by March 2012. The Prime Minister also reviewed the safety and security measures...

`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...

The poor in India's cities are in many ways worse off than those in rural areas, says Housing and Urban Poverty Alleviation Minister Kumari Selja, pointing out that the urban population is set to double in the next 25 years to over 600 million. 'About 300 million people live in towns and cities underserved by utilities, with inadequate housing and increasingly choking traffic. The condition of the urban poor is by...

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...