Latest Financial Inclusion News & Updates

New Delhi, July 8 (IANS) Households in India’s South region showed the highest multi‑service digital financial services adoption at over 70 per cent, while stark regional differences in access, trust and usage metrics pointed to a need for products that match irregular incomes, a report said on Wednesday.The report from PwC India and Dvara Research Foundation found that combining digital channels with physical touchpoints — a “phygital” model — produces the strongest enrolment and su…

Mumbai, July 4 (IANS) Chief Minister Devendra Fadnavis on Saturday said that Maharashtra had recognised the true essence of the cooperative movement nearly a century ago and empowered farmers through cooperative institutions. Even today, cooperation remains the most effective instrument of rural development. He said that the policy initiatives of the Central and State Governments have given fresh impetus to the cooperative sector, and cooperative institutions are playing a decisive role in ensur…

Kohima, July 3 (IANS) Stressing the pivotal role of women in Nagaland’s rural economy, Chief Secretary Sentiyanger Imchen on Friday said the state’s next phase of agricultural and rural growth must be driven by innovation, technology and climate-smart solutions to ensure sustainable and inclusive development.Inaugurating a one-day programme on “Women-Led Rural Enterprises for a Climate-Smart Nagaland”, the senior IAS officer stressed the need to equip women entrepreneurs with modern technolo…

New Delhi, July 1 (IANS) The SHE-LEAPS (Self-Help Entrepreneur-Livelihoods and Enterprise Application for Prosperity and Sustainability) digital initiative, just launched by the Centre to strengthen the empowerment of rural women, is expected to play a key role in achieving the target of 6 crore ‘Lakhpati Didis’, according to an official factsheet issued on Wednesday.SHE-LEAPS is a digital platform for empowering women associated with Self-Help Groups (SHGs) across rural India. This is being acc…

Vadodara, June 29 (IANS) India has maintained both its energy security and economic stability despite recent geopolitical developments in West Asia, Union Minister of Power and Housing and Urban Affairs Manohar Lal Khattar said on Monday, attributing the country’s resilience to long-term planning, power sector reforms and investments in urban infrastructure. Addressing the inaugural session of the Vibrant Gujarat Regional Conference (VGRC) for Central Gujarat in Vadodara, the minister said a rel…

Rohtak, June 27 (IANS) Quoting Prime Minister Narendra Modi, Delhi Lieutenant Governor T.S. Sandhu on Saturday told young management students to first believe in themselves to become leaders who inspire trust. Speaking at an event at IIM Rohtak, Sandhu said, “As Prime Minister Narendra Modi Ji has remarked: ‘To be a leader, you have to believe in yourself first, leadership is about clarity, of thought and communication, not about imposing authority’.”This insight is central to management e…

Guwahati, June 18 (IANS) Union Finance Minister Nirmala Sitharaman arrived in Guwahati on Thursday evening on a two-day visit to the Northeast, during which she is scheduled to participate in a series of official programmes in neighbouring Meghalaya.Sitharaman was received at the Lokpriya Gopinath Bordoloi International Airport by Assam Chief Minister Himanta Biswa Sarma and senior government officials.The Chief Minister welcomed the Union Finance Minister upon her arrival and held brief discuss…

New Delhi, June 12 (IANS) Proposed changes to India’s prepaid payment instrument (PPI) framework could have unintended consequences for digital payments adoption, financial inclusion and everyday consumer transactions if not carefully calibrated, a report said on Friday.The report from Pahle India Foundation called for a proportionate, risk‑based approach that aligns compliance requirements with actual risk levels and urged preserving low‑value, high‑frequency use cases.Major policy inte…

New Delhi, June 1 (IANS) Marking six years of PM Street Vendor’s AtmaNirbhar Nidhi (PM SVANidhi), Prime Minister Narendra Modi on Monday praised the scheme’s success in delivering collateral-free credit, financial inclusion, and growth opportunities to street vendors while emphasising themes of trust, dignity, and national economic contribution. Launched in June 2020 during the Covid pandemic, the government has extended the initiative until 2030 with an increased outlay of Rs 7,332 crore and hi…

New Delhi, May 31 (IANS) Union Minister for Housing and Urban Affairs Manohar Lal on Sunday said that the PM SVANidhi Scheme, launched by Prime Minister Narendra Modi in 2020, has emerged as a major initiative to empower street vendors and strengthen the livelihoods of the urban poor across the country.Highlighting the impact of the scheme, the Union Minister said the initiative was aimed not only at providing collateral-free loans to street vendors, but also at ensuring dignity, confidence and …