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National Strategy for Financial Inclusion 2019-24
February 24 , 2020
1609 days
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- The Reserve Bank of India (RBI) has recently unveiled a National Strategy for Financial Inclusion 2019-24.
- Vision of this initiative is ‘A financially aware and empowered India’.
- It aims at providing formal and affordable financial services and to promote financial literacy among customers.
- RBI under the aegis of Financial Inclusion Advisory Committee (FIAC) have released the strategy.
- Some of its recommendations include:
- Setting up Financial service providers in 5 km range,
- Public Credit Registry is fully operational by 2022, etc.
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