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FINANCIAL INCLUSION
What is the primary objective of Financial Inclusion as defined by RBI?
Financial Inclusion aims to ensure access to affordable financial services such as savings, credit, insurance, and payments to all segments of society, especially the excluded and disadvantaged.
What is the minimum number of transactions allowed free per month in a BSBDA?
Four withdrawals per month are allowed free of charge.
Which committee first formally recommended Financial Inclusion in India?
The C. Rangarajan Committee (2008) formally recommended a comprehensive approach to Financial Inclusion, though the Khan Committee (2004) first coined the term in the Indian context.
Under PMJDY, what is the life insurance cover provided to beneficiaries?
Rs. 30,000 life insurance cover is provided under PMJDY.
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