FINANCIAL INCLUSION - 15 Mints Seminar Notes

DEFINITION:

Financial inclusion means that individuals and businesses have access to use and afford financial products and services that meet their needs- transaction, payments, savings, credit and insurance delivered in a responsible and sustainable way.financial inclusion is an important priority of the government.

OBJECTIVE:

Extend financial services to the large hitherto un-served population of the country to unlock the growth potential.

FINANCIAL INCLUSION BY RBI:

• Aim is to provide access to formal financial services in an affordable manner, broadening and deepening financial inclusion and promoting financial literacy and consumer protection while the reach of the banks.
• Amongst the ranks of the underserved got a boost through the PMJDY (Pradhan mantri Jan dhan yojana).

FINANCIAL INCLUSION SCHEMES IN INDIA:

PMJDY- pradhana mantri Jan dhan yojana.

APY- atal pension Yojana.

PMVVY- Pradhan mantri vaya vandhana yojana.

Stand up India scheme.

PMMY- Pradhan mantri mudra yojana.

PMSBY- Pradhan mantri suraksha bima yojana.

Sukanya samridhi yojana.

Jeevan suraksha bandhana yojana.

FOUR PILLARS OF FINANCIAL INCLUSION:

• Technology.
  
• Women inclusion.
  
• Regulation.
  
• Financial literacy.

TOOLS OF FINANCIAL INCLUSION:

Different studies and experts opined that financial inclusion requires provision of access to a range of financial products that goes beyond,

# Micro-credit to include savings .

# Micro-insurance .

# Payment facilities.

# Remittances.

# Money transfer.

# Providing quality financial services at affordable prices.

FACTOR AFFECTING FINANCIAL INCLUSION:

# High socio demographics.

# Political factors in the absence of economical development.

# High social .

# Technological and economical factors in the absence of political development,

# Political and economical factors in the absence of social and technological development.

WHY FINANCIAL INCLUSION NEEDED IN INDIA?

It helps in overall economic development of underprivileged population.In India financial inclusion is needed for upliftment of the poor and disadvantaged people by providing them the modified financial products and services .

IMPACTS OF FINANCIAL INCLUSION:

• Financial inclusion can encourage financial stability by increasing the intermediate process between saving and investment.
• At macro-level , financial inclusion attracts greater participation from various segments of the economy in to the formal financial system.
  

BARRIERS OF FINANCIAL INCLUSION:

• Poverty.
  
• Illiteracy.
  
• Lack of access to financial services.

FINANCIAL INCLUSION 2023:

2021- 53.9%

2022- 56.4% ( increased by 2.5%)

2023- IT will decrease by 2.3% ( expected)

Every year March month SBI will release the financial inclusion percentage. According to that experts says that there will be a downfall of 2.3%.

DID YOU KNOW:

When was the policy of financial inclusion first introduced in India by RBI?

2010-2013.

Who 1st introduced the concept of financial inclusion  in India?

In pondicherry by Dr.k.c.chakra borthy,the chairman of Indian Bank .

In which year the concept of financial inclusion introduced?

2005.

Which is the first village that started financial inclusion?

Magalam village is the first village in India where all household were provided Banking facilities.

Presented by

Swarna

Banking Student 

Magme Medal, Hosur

NEFT, RTGS, ECS CREDIT, ECS DEBIT - 15 Mints Seminar Notes

National Electronic Funds Transfer (NEFT)

• National Electronic Funds Transfer (NEFT) is a mode of online funds transfer that is introduced by the Reserve Bank of India (RBI). 
• It quickly transfers money between banks throughout India. A bank branch must be NEFT-enabled for a customer to be able to transfer the funds to another party.
  
• In December 2019, the Reserve Bank of India (RBI) has introduced the all-new NEFT payment system that is active and up 24×7 and 365 days a year. 
• The objective behind this new clearance system is to promote digital transactions and the global integration of Indian financial markets.
  
• You can place an NEFT request at any point in time. 
• The NEFT request will be sent to a queue. All the NEFT requests in the queue will be cleared once every hour.
• Real-time gross settlements are a process that is used for high-value inter-bank transactions. These transactions typically need instant and full clearing and are generally done by the central bank of the country.

RTGS

• RTGS reduces the overall risk as these settlements are made almost instantly throughout the day. 
• It is not like National Electronic Funds Transfer (NEFT) in which settlements are made in batches. Hence, the charges involved in the real-time gross transfer of funds may incur higher costs to customers.
  
• All that a customer needs to furnish to transfer funds through real-time gross settlement is the duly filled form which contains the information of the account from which the funds have to be debited from, the account to which the funds have to be credited, and message (if any).

ECS credit

• ECS credit is used for allowing credit to a large number of beneficiaries by raising a single debit to the customer’s account, such as dividend, interest or salary payment.
• The end beneficiary need not make frequent visit to his bank for depositing the physical paper instruments.
• Delay in the realisation of proceeds, which used to happen in the receipt of the paper instrument, is eliminated.
• The ECS user helps to save on administrative machinery for printing, dispatch and reconciliation.

ECS debit

• ECS debit is used for raising debits to a number of accounts of consumers or account holders for affording a single credit to a particular institution, in cases such as utility payments like electricity bills and telephone bills.

Trouble-free: 

• Eliminates the need to go to the collection centres or banks and the need to stand in long queues for payment.
  

Easy to track: 

• Customers are not required to track down payments by last dates. The ECS users would monitor the debts. 
• The ECS user saves on administrative machinery for collecting the cheques by monitoring their realisation and reconciliation.
  

Presented by

Arvind R

CAT Student

MAGME MEDAL, Hosur

Budget Highlight 2023

SSC ANNUAL PLANNER 2022

 Central Reserve Police Force Notification 2022

The Central Reserve Police Force (CRPF) has published the CRPF ASI Steno Recruitment 2022 notification for recruiting 12th pass candidates as Assistant Sub Inspector (ASI) Stenographer. These posts are for regular appointment in the CRPF and candidates will be selected through written exam, physical test, skill test.

Vacancy Details

Assistant Sub Inspector (ASI) Steno:     143

Age Limit

For ASI Steno post in CRPF, Candidate must be in the age group of 18-25 years as on 25.01.2023.

Relaxation details for various reserved categories are provided below –

SC/ST: 5 years

OBC: 3 years

Ex-servicemen: 3 years after deduction of the military service rendered from the actual age as on the closing date.

Central Government Servants: who have rendered not less than 3 years regular/ continuous service as on closing date are eligible upto the age of 40 years for General/EWS candidates, 43 years for OBC candidates and upto 45 years in the case of candidates belonging to SC/ST.

Children and dependent of victims killed in the 1984 riots or communal riots of 2002 in Gujarat (Un-reserved): 5 Years

Children and dependent of victims killed in the 1984 riots or communal riots of 2002 in Gujarat (OBC): 8 Years

Children and dependent of victims killed in the 1984 riots or communal riots of 2002 in Gujarat (SC/ST): 10 Years.

Selection Process:

The recruitment process for ASI (Steno) post in Central Reserve Police Force (CRPF) will consist of CBT/Skill Test/PST & DV and medical examination (DME/RME).

Application Fees:

Examination Fees for CRPF ASI (Steno) is ₹ 100/- for male candidates of General, EWS and OBC only.

Candidates belonging to SC/ ST, Ex-servicemen and Female candidates of all categories are exempted.

Important Dates

Date of Notification:    27.12.2022

Starting Date of Online Application:    04.01.2023

Last Date of Online Application:    25.01.2023

Notification Link: Click Here

Apply Link: Click Here

 PMGKAY மற்றும் NFSA திட்ட இணைப்பு

• மத்திய அரசு மேலும் ஓராண்டுக்கு இலவச உணவு தானியங்களை வழங்குவதை ஒரு நோக்கமாகக் கொண்டு பிரதம மந்திரி கரீப் கல்யாண் அன்ன யோஜனாவை (PMGKAY) தேசிய உணவுப் பாதுகாப்புச் சட்டத்துடன் (NFSA) இணைக்க முடிவு செய்துள்ளது.

• நாடு தழுவிய முழு ஊரடங்கு மூலம் வாழ்வாதாரம் முடங்கிய ஏழைகளுக்கு உதவிட PMGKAY திட்டம் 2020 ஆம் ஆண்டு ஏப்ரல் மாதத்தில் தொடங்கப்பட்டது.

• இத்திட்டத்தின் கீழ் 80 கோடி ஏழைகளுக்கு மாதந்தோறும் 5 கிலோ கோதுமை மற்றும் அரிசி இலவசமாக வழங்கப் படுகிறது.

• NFSA சட்டத்தின் கீழ், ஒவ்வொரு அந்த்யோதயா அன்ன யோஜனா (AAY) குடும்ப அட்டை வைத்திருக்கும் குடும்பமும், மாதம் ஒன்றுக்கு 35 கிலோ உணவு தானியங்கள் பெற உரிமை உண்டு.

• மற்ற அனைத்து வகை குடும்ப அட்டை வைத்திருப்பவர்களுக்கும் ஒரு நபருக்கு மாதம் 5 கிலோ உணவு தானியங்கள் வழங்கப்படும்.

துப்புரவு பணியாளர்கள் மேம்பாட்டுத் திட்டம் 2022

எப்பொழுது: டிசம்பர் 2022

எங்கு:மதுரை

யாரால்:மு.க.ஸ்டாலின்

 நூலகங்களின் நண்பர்கள் திட்டம் 2022

எப்பொழுது: டிசம்பர் 2022

எங்கு: திண்டுக்கல்

யாரால்: அன்பில் மகேஷ்

குறிப்புகள்:

• தமிழக அரசானது, வாசிப்புப் பழக்கத்தினை ஊக்குவிக்கும் வகையில் ‘நூலகங்களின் நண்பர்கள்’ என்ற திட்டத்தினைத் தொடங்கியுள்ளது.
• பொது நூலகத் துறை சார்பில் ‘நூலக நண்பர்கள் திட்டம்' மாநிலத்திலேயே முதன் முறையாக திண்டுக்கல்லில் அன்பில் மகேஷ் அவர்களால் தொடங்கப்பட்டது.
  
• இந்தத் திட்டத்தின் கீழ், அரசு நடத்தும் நூலகங்களுக்குச் செல்ல முடியாத நபர்களுக்கு தனிப்பட்ட முறையில் புத்தகங்கள் வழங்கப்படும்.
• இந்தத் திட்டத்தின் படி, நூலகத்திற்கு வர முடியாத மாற்றுத் திறனாளிகள், மூத்தக் குடிமக்கள், குழந்தைகள் மற்றும் மருத்துவமனையில் அனுமதிக்கப்பட்டுள்ள உள் நோயாளிகள் உள்ளிட்டோர் இந்த முன்னெடுப்பின் மூலம் பயனடைவார்கள்.
• இதற்காக தன்னார்வலர்களின் சேவைகளும் பயன்படுத்தப்பட உள்ளது.
• ஒரு அறிவு சார்ந்தச் சமூகத்தை மேம்படுத்தச் செய்வதே இத்தகைய முன்னெடுப்பின் ஒரு நோக்கமாகும்.
• முதல் கட்டமாக இந்தத் திட்டம் மாநிலத்தில் உள்ள 31 மாவட்ட மைய நூலகங்கள், 300 முழுநேர கிளை நூலகங்கள், 1463 கிளை நூலகங்கள். 706 ஊர்ப்புற நூலகங்கள் என மொத்தம் 2,500 நூலகங்களில் செயல்படுத்தப்படுகிறது.

KVB WALK IN INTERVIEW