Home
Finance Resources
Investment Planning
Banking
Finance
Stock Market
Futures & Options
Trading
Mutual Funds
Insurance
Taxation
Enquire
Home » Finance Current Affairs » Cell banking for financial inclusion

Cell banking for financial inclusion

Current Affairs

HTML clipboardTHE Prime Minister's Office (PMO) has reportedly asked the department of telecommunications to find ways to expand mobile banking services to the remotest corners of the country. A pilot project to take financial services to the poorest of the rural poor through mobile banking is likely to be launched in 2012 to cover select villages.
 The move is part of the UPA regime's initiative to ensure financial inclusion of the poor. The government is keen to make sure that poor with mobile phone connections can carry out financial transactions using their handsets, including receipt of wages and payments, even if they do not have bank accounts.
 As of now, almost 41% of the country's adult population does not have a bank account. This, the government feels, is a major roadblock in delivering financial services to the poor, especially in rural areas. In some cases, such as the National Rural Employment Guarantee Scheme, attempts are being made to provide wages through smart cards.
 The number of mobile phone connections in India is estimated at about 440 million, reaching roughly 38% of the country's population.



More Current Affairs


put comment
Domain Registration | Windows Hosting | Linux Hosting | Java Hosting | Virtual Dedicated Server | Dedicated Server | Reseller Web Hosting | Unlimited Windows reseller hosting | Unlimited Linux reseller hosting | Cheap Windows reseller hosting | Cheap Linux reseller hosting | Cheap Windows hosting | Best Windows hosting | Windows hosting Multiple Domains | Unlimited Windows hosting | Compare hosting plans | Cheap Linux hosting | Best Linux hosting | Linux hosting Multiple Domains | Unlimited Linux hosting | Cheap asp.net hosting | Best asp.net hosting | unlimited asp.net hosting | Cheap asp.net reseller hosting | Unlimited asp.net reseller hosting | Java Features | Cheap Java hosting | Best Java hosting | unlimited Java Hosting | Unlimited Linux reseller hosting | Java Hosting Multiple Domains| | Matargashti Full Song | Matargashti mp3 Download | Matargashti Video Download | Matargashti Song Tamasha | Prem Ratan Dhan Payo Songs Download | Prem Ratan Dhan Payo Songs mp3 Download | Prem Ratan Dhan Payo Songs Video Download | Pinga Song Download | Pinga Full Song mp3 Download | Pinga Song mp3 Download | Pinga Song Video Download | Latest Bollywood Updates | Bollywood Updates | Prem Ratan Dhan Paayo Songs Download|
© ProfitGuruOnline-2024. All Rights Reserved.