TNPSC Thervupettagam

Financial Inclusion metrics report

November 9 , 2021 1122 days 1013 0
  • The State Bank of India (SBI) has released its Financial Inclusion metrics report.
  • It has been prepared by the Chief Economic Advisor of the SBI group, Soumya Kanti Ghosh.
  • The number of bank branches per 100000 adults in India has increased to 14.7 in 2020 as compared to 13.6 in 2015.
  • This increase was the result of Pradhan Mantri Jan-Dhan Yojana, digital infrastructure etc.
  • This number is higher as compared to Germany, China and South Africa.
  • Internet banking transactions per 1,000 adults have boosted to 13,615 in 2019 as opposed to 183 in 2015.
  • States having higher Pradhan Mantri Jan-Dhan Yojana (PMJDY) accounts balances have reported a decline in crime.
  • States where more PMJDY accounts were opened, reported a significant and economically meaningful drop in consumption of intoxicants like alcohol and tobacco products.
  • The number of ‘Banking Outlets in Villages’ has increased from 34,174 in March 2010 to 12.4 lakh in December 2020.

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