Financial Inclusion
Providing financial services to low-income groups at low cost is called financial inclusion.
Banks appoint intermediaries to provide such financial services/products through the use of BFs and BCs most of the poor people live in rural India.
They are not getting banking services these poor people have been kept out of these opportunities.
Financial Inclusion Schemes in India
Government of India is launching many special schemes for financial inclusion. The objective of these schemes is to provide social security to the underprivileged sections of the society. After much planning and research by many financial experts and policy makers, the government introduced schemes keeping in mind the financial inclusion. These projects have been launched in different years. Let us take a list of financial inclusion schemes in the country
Pradhan Mantri Jan Dhan Yojana
Atal Pension Yojana
Pradhan Mantri Suraksha Bima Yojana (PMSBY)
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
Pradhan Mantri Mudra Yojana (PMMY)
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