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Financial Inclusion in India & its problems....

Tags : Financial inclusion, Financial inclusion in India, Banking in India, Banking industry in India, microfinance, Insurance industry in india, personal loans, home loans,
Industry : Banking, Insurance
Functional Area : India, Business Models, Growth, Strategy Alignment, Strategy Execution
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About "Financial Inclusion in India & its problems.... " topic:

In the past when the banks showed their desire or their ability to reach the last Indian, the refrain of a banker has been, okay I open a bank account and somebody deposits Rs 100 in the village then what, the poverty is so ubiquitous then what do you do with that bank account, they don’t do much with it. Is that a fair charge that these banks are imposing something which will perhaps not be used at all in the first place. Then how should  you think Financial inclusion should happen in India?

1 insight , 2 debates , 1 idea contests on topic: "Financial Inclusion in India & its problems.... "
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1 By Providing Unrestrained Access to Financial Services to the People Below Poverty Line Also
2 Open more low cost branches in rural areas.
Naresh Panwar  |  Added idea  "Open more low cost branches in rural areas."  |  1 year ago
A majority of people in our country live in rural areas, but very few villages are having banking facilities.There is a directive from the govt. for providing banking facilities in villages having population >2000, either by openig a banking...
Srinivas suravajhala  |  Added idea  "Self Help Groups federated with banks"  |  1 year ago
Self Help groups in remote villages are aimed at empowerment of women and poor in the remote villages.  They work together and produce product/service according to the skill set they have. From the surplus they gained,  they create a corpus fund...
PS Dhingra  |  Supported idea  "By Providing Unrestrained Access to Financial Services to the People Below Poverty Line Also"  |  1 year ago
Hi Priyanka, Rural money lenders providing higher rate finance would automatically vanish when microfinance establishes itself to provide economical finance. Public Sector Banks can very well promote microfinace. Other Government controlled and...
 
 
Ideate: "How financial inclusion should happen in India??" deleted from your view.
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Abhijit Anand Prabhudan  |  Argues in support of  "No"  |  1 year ago
Microfinance has potential to be a subprime crisis for rural India. The interest rates are high, with some players going to stock market to raise capital. Their main motive is not to develop micro enterprises but maximize profit for themselves....
cmsrinivas  |  Argues in support of  "Yes"  |  1 year ago
it is serving low income starta where banks other r not reaching micro finance improves lifes of poor
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Debate: "Is Microfinance a good thing for India??" deleted from your view.
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Rajesh Kumar  |  Argues in support of  "Yes"  |  1 year ago
yes, IPO will help in spreading financial inclusion. In india only between 1 and 2 percent demat account of total population. It will help to people to understand capital market and to get good opportunity in financial market. Today SEBI also...
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The microfinance bubble has burst. The AP government ordinance, the AP opposition campaign asking borrowers not to repay and the sheer public hostility towards MFIs . all these have put the brakes on MFI activities for now. We need to rethink the role of MFIs in the rural economy . In order to do so, we must first grasp some of the myths on which the MFI sector has rested th US far. MFIs are crucial to financial inclusion: The big impetus to financial inclusion came way back in 1969 following the nationalisation of banks. Secondly, financial inclusion is not just about giving small-ticket loans. It is also about taking deposits and providing basic banking services. MFIs are hardly the pione...
Deepak Kumar Verma  |  Commented  |  1 year ago
Hello dear hoe r u?
 
 
Insight: "Five myths about Microfinance....." deleted from your view.
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