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FINANCIAL INCLUSION & FINANCIAL LITERACY
What is the primary objective of Financial Inclusion as defined by the Reserve Bank of India?
Financial Inclusion aims to provide access to affordable financial services such as savings, credit, insurance, and payments to all segments of society, especially the excluded and low-income groups.
What is the definition of Financial Inclusion according to the Committee on Financial Inclusion (Rangarajan Committee)?
Delivery of financial services at affordable cost to disadvantaged groups.
Which committee's recommendations formed the basis for India's structured Financial Inclusion policy?
The C. Rangarajan Committee (2008) on Financial Inclusion provided the foundational recommendations that shaped India's structured policy framework for financial inclusion.
What is the minimum number of transactions allowed free per month in a BSBDA?
Four withdrawals per month including ATM transactions are free.
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