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FIAAACIAL IACLUSIOA

TAKiNc aANKiNc scnviccs


To THc CommoN MAN.
Iinancial Inclusion
The process of ensuring access
to financial services and timely
and adequate credit where
needed by vulnerable groups
such as weaker sections and low
income groups at an affordable
cost ."
Financial Exclusion
Who are these People
W Underprivileged section in rural and
urban areas like, Farmers, small
vendors, etc.
W Agricultural and Industrial Labourers
W People engaged in un-organised sectors
W Unemployed
W Women
W Children
W Senior citizens
W Physically challenged people
Scopc
Financial Inclusion should include access
to Iinancial products and services like,
W Access to Small loans or overdrafts
W Bank accounts check in account
W Immediate Credit
W Savings products
W Remittances & Payment services
W Insurance - Healthcare
W Mortgage
W Financial advisory services
W Entrepreneurial credit
Global Sccnario
&3ted K3dom task force
W anks: No Irills Account.
W Post OIIice Card Account
W Savings Gateway.
W Community Iinance learning
initiative.
Global Sccnario
ra3ce
W Statutory right to have a bank
account.
a3ladesh
W ohammad Yunus launched a
Iinancial inclusion program,
#AMEEA BAAK.
Indian Aspcc|
W Frequent suicides oI Iarmers and
violence by naxalites.
W Inadequate inIrastructure
W Financial Illiteracy
W igration issues
W Incompetency oI bank employees
W Unavailability oI documents and
exhaustive procedures.
W Under-evaluation oI Properties.
9
%he Iinancially excluded sections largely comprises oI :
3a3cally
Excluded Secto3
MarginaI Farmers
LandIess Laborers
Unorganized Sector Enterprises
Urban SIum DweIIers
Migrants
Senior Citizens
Women
The North East, Eastern and
CentraI Regions
Ini|ia|ivcs in Bankin
Scc|or
W o FniLLs AccouNTs
W EAsicn CncoiT rAciLiTY
W SimLcn KYC onms
W Usc or lNronmATioN
TccHNoLocY
Smart cards Ior opening bank accounts
with biometric identiIication.
Link to mobile hand held electronic
devices Ior banking transactions.
Pcnsioncrs wi|h Bio-mc|ric
cards linc-up |o rcccivc
pavmcn|
`
Biomc|ric Valida|ion ol
smar| card
Transac|ion conlirma|ion
rcccip|
Tcchnolov and Iinancc
W Lack of llnanclal servlces ln remoLe areas has led
Lo lncreased Lravel requlremenLs hlgher lncldence
of crlme and general decllne ln lnvesLmenL
W 8eallzlng poLenLlal of moblle banklng glanLs llke
NOklA Mlctosoft and loylol have enLered Lhe
secLor
W - ln assoclaLlon wlLh boay
has developed a flnanclal servlce
appllcaLlon ln 2010
W 1hls servlce has recelved
phenomenal response from every
quarLer of our socleLy
Tcchnolov and Iinancc
Thc Vav Iorward
ajeevka Developme3t a3d 3a3cal
Corporato3.
Surveys to be carried out keeping in view
the geographical spread oI the banks and
extent oI Iinancial services available to the
population.
Aggressive competition policy and social
inclusion are mutually exclusive.
CONCLISION
THAK YOU
Tcam Mcmbcrs
W #uJuTA
W SAmAoA
W AviNAsH
W PAniKsHiT
W lNccT
W VivcK

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