FINANCIAL INCLUSION

FINANCIAL INCLUSION MEANS INCLUSION OF POOR AND UNDER PRIVILEGED PEOPLE WITH DIFFERENT FINANCIAL INSTITUTION OR BANKS AT AFFORDABLE COST.

RBI SETUP RANGARAJAN COMMITTEE IN 2004 TO LOOK INTO FINANCIAL INCLUSION.

MANGALAM BECOME THE FIRST VILLAGE IN INDIA WHERE ALL HOUSEHOLDS WERE PROVIDED BANKING FACILITY.

PMJDY

IT WAS LAUNCHED ON 28.08.2014

IT IS A NATIONAL MISSION FOR FINANCIAL INCLUSION TO ENSURE ACCESS TO BANKING / SAVING AND DEPOSIT ACCOUNTS, REMITTANCE, CREDIT, INSURANCE, PENSION IN AFFORDABLE MANNER.

IF ADHAR DOCUMENTS NOT AVAILABLE ANY ONE OF THE OFFICIALLY VALID DOCUMENT REQUIRED.

BENEFITS –

INTEREST ON DEPOSIT.

ACCIDENT INSURANCE UP TO 2 LAKH OPENED AFTER 28.08.18.

NO MINIMUM BALANCE REQUIRED

LIFE INSURANCE COVERS UP TO RS 30000, WHERE ACCOUNT OPENED BEFORE 2015.

EASY TRANSFER OF MONEY ACROSS INDIA.

DBT APPLICABILITY.

OVER DRAFT FACILITY UP TO RS RS 10000 AND THERE WILL BE NO CONDITIONS ATTACHED FOR OD FOR RS 2000.

OVER DRAFT AGE LIMIT 18 TO 60YR.

7.5 CR JAN DHAN ACCOUNT HOLDERS RECEIVING DRT.

13.98 CR SUBSCRIBER UNDER PRIME MINISTER SURKSHA BEMA YOJANA.

1.11 CR PEOPLE HAVE SUBSCRIBED ATAL PENSION YOJANA.

53 % WOMEN JAN DHAN ACCOUNT HOLDER AND 59% RURAL AND SEMI RURAL BASED.

32.68 CR BENEFICIARIES.

82006.33CR BALANCE IN BENEFICIARY ACCOUNT.

FINANCIAL LITERACY

IT MEANS TO EDUCATE PEOPLE TO USE FINANCIAL ASSETS EFFECTIVELY TO ENHANCE WELL BEING AND ECONOMIC SECURITY.

Capital market

CAPITAL MARKET IS A MARKET WHICH DEALS WITH LONG TERM ASSETS CREATION.

CAPITAL MARKET-

A) DEBT-      1) BOND.       2) DEBENTURE

B) SHARE MARKET - 1) EQUITY SHARE.

IPO

FPO

RIGHT ISSUE

                                       2) PREFERENCE SHARE

PRIMARY MARKET- IT IS A MARKET WHERE COMPANY TO CUSTOMER DEALS TAKES PLACE.

SECONDARY MARKET- IT IS A MARKET WHERE CUSTOMER TO CUSTOMER DEALS TAKES PLACE.

IPO - WHEN A / UNLISTED COMPANY FIRST TIME SELLING SHARE TO PUBLIC THROUGH PRIMARY MARKET.

FPO- WHEN A COMPANY SELLING SHARE SECOND TIMES, THIRD TIME AND SO ON AFTER GET LISTED IS KNOWN AS FPO.

RIGHT ISSUE- AFTER IPO OR FPO ISSUE IF CO UNABLE TO SELL SOME SHARE THEN SHARES ISSUED SOME DISCOUNT TO THEIR EXISTING SHAREHOLDER.

BONUS ISSUE- WHEN A COMPANY DISTRIBUTE DIVIDEND FROM THEIR EXCESS RESERVE ACCORDING TO PROPORTION OF SHARES HOLDING IS KNOWN AS BONUS ISSUE.

BOND- IT IS ISSUED BY GOVT TO PUBLIC TO TAKE LOAN FOR LONG PERIOD OF TIME.

DEBENTURE- IT IS ISSUED TO PUBLIC FOR CORPORATE LONG TERM FUND REQUIREMENT. IT IS INSECURE IN NATURE.

PREFERENCE SHARE- IT IS SHARE BUT ACT LIKE AN INSURANCE CONTRACT. PREF SHARE HOLDER GET PREFERENCE WHILE COMPANY DISTRIBUTING PROFIT BY COMPANY.

EQUITY SHARE- THIS TYPE OF SHAREHOLDER HAVING VOTING RIGHT AND CAN ATTAIN AM AND CAN PARTICIPATE COMPANY’S DECISION MAKING PROCESS. EQUITY SHARE HOLDER FACE HIGH RISK WITH HIGH RETURN.

ADR- IT IS A DEPOSITORY SYSTEM WHERE A COMPANY WANT HUGE FUND FOR LONG PERIOD OF TIME ASK PERMISSION FROM ONLY USE STOCK EXCHANGE WITH INDIAN STOCK EXCHANGE. AFTER FULFILLING ALL NECESSARY REQUIREMENTS CORPORATE GET PERMISSION TO COLLECT MONEY FROM USA STOCK EXCHANGE THROUGH GET LISTED AS ADR.

GDR- IF CORPORATE GOT PERMISSION FROM MULTIPLE STOCK EXCHANGES IS KNOWN AS GLOBAL DEPOSITORY RECEIPT.

IDR- IF FOREIGN COMPANY ASKING PERMISSION FROM INDIA IS KNOWN AS IDR.

DERIVATIVE- WHEN THE VALUE OF ANY ASSETS DEPENDS UPON THE VALUE OF UNDERLYING ASSETS IS KNOWN AS DERIVATIVE.

FORWARD CONTRACT- IT IS  INFORMAL OVER THE COUNTER CONTRACT BETWEEN TWO PARTIES TO DELIVER CERTAIN ASSETS AT PRE AGREED PRICE AFTER CERTAIN PERIOD OF TIME. BECAUSE THERE IS NO REGULATORY BODY IF COUNTER PARTY RISK ARISES THEN SETTLEMENT DONE WITH THE HELP OF COURT.

FUTURE CONTRACT - IT IS  STANDARDIZE CONTRACT BETWEEN TWO PARTIES WHERE BUYER/SELLER HAVING BOTH RIGHT AND OBLIGATION TO SETTLE THAT DEAL AT PRE AGREED PRICE AND PERIOD. BECAUSE OF REGULATORY THERE IS NO COUNTER PARTY RISK.

OPTION- IT IS A STANDARDIZED CONTRACT WHERE BUYER/SELLER HAVING RIGHT BUT NO OBLIGATION TO SETTLE THAT DEAL AT PRE AGREED PERIOD BECAUSE HERE LOSS IS LIMITED UP TO THE EXTENT OF INVESTMENT AMOUNT.

SWAP- IT IS A PROCEDURE OF DIVERSIFICATION OF RISK. THERE ARE 2 TYPES OF SWAP- 1) CURRENCY RATE SWAP. 2) INTEREST RATE SWAP.

ASBA- APPLICATION SUPPORTED BY BLOCKED AMOUNT. HERE APPLICATION IS VALID IF AMOUNT IS BLOCKED IN CUSTOMERS OWN ACCOUNT. WHEN COMPANY ALLOT SHARE THAN AMOUNT DIRECTLY GET DEDUCTED FROM CUSTOMERS ACCOUNT AND SHARE GET CREDITED TO CUSTOMERS DEMAT ACCOUNT. IT IS USED UNDER PRIMARY MARKET.

DEMAT ACCOUNT- PREVIOUSLY SHARE SHOULD BE ISSUED IN MATERIAL FORM (LIKE FIXED DEPOSIT) BUT TO PROVIDE MORE LIQUIDITY ITS MATERIALIZED FORM CONVERTED DEMATERIALISED FORM.

MUTUAL FUND- IT IS AN INSTRUMENT TO COLLECT MONEY FROM PUBLIC AND INVEST IN DIFFERENT MARKET (SHARE, DEBT, GOLD, MONEY MARKET) ACCORDING TO THE CHOICE OF PUBLIC.

NAV- NET ASSET VALUE. PER UNIT COST OF INVESTMENT IN MUTUAL FUND IS KNOWN AS NAV. TOTAL ASSETS/ TOTAL OUTSTANDING NUMBER OF SHARE.

AUTHORIZED CAPITAL - IT IS A CAPITAL A COMPANY CAN RECEIVE FROM MARKET IN IT LIFE TIME (MAY INCREASE).

ISSUED CAPITAL- IT IS A PART OF AUTHORIZED CAPITAL ISSUED FOR SUBSCRIPTION FOR PUBLIC.

SUBSCRIBED CAPITAL- IT IS A PART OF CAPITAL PUBLIC OFFERED AGAINST INVITATION OF OFFER BY COMPANY TO PUBLIC.

PAID UP CAPITAL- IT IS AN AMOUNT PUBLIC SUBSCRIBED AND COMPANY RECEIVED AMOUNT FROM SHARE HOLDER.

HEDGING- IT IS A PROCEDURE TO DIVERSIFY RISK BY USING DIFFERENT INVESTMENT TOOLS. LIKE BOND, EQUITY SHARE CURRENCY, GOLD ETC.

ARBITRAGE- IT IS A PROCEDURE TO GENERATE PROFIT BY USING TWO DIFFERENT MARKETS PRICE FLUCTUATION.

BULL MARKET- IF SHARE MARKET MOVING POSITIVELY ON UPWARD DIRECTION IS KNOWN AS BULL MARKET.

BEAR MARKET- IF SHARE ARE MOVING NEGATIVELY DOWNSIDE IS KNOWN AS BEARISH MARKET.

BLUE CHIP COMPANIES- LARGE CAP SHARES   (CAPITAL MORE THAN 10000 CR) IS KNOWN AS BLUE-CHIP SHARE.

SEBI- SECURITY EXCHANGE BOARD OF INDIA. SEBI IS A REGULATOR (LIKE RBI FOR BANK) TO AVOID FRAUD, CHEATING ACTIVITY IN SHARE MARKET AS WELL AS PROMOTE AND EDUCATE PUBLIC.

INDEX- IT IS A SAMPLE OF OVERALL SHARE MARKET LIKE NIFTY, SENSEX ETC.

SENSEX- IT IS AN INDEX OF BOMBAY STOCK EXCHANGE OF BEST SHARES. IT IS MANAGED BY STANDARD AND POOR’S (S&P) AND ALTERS TIME TO TIME ACCORDING TO THEIR PERFORMANCE.

NIFTY- NIFTY IS THE INDEX OF NSE WHERE FEW THOUSAND SHARES ARE LISTED. CRISIL RATING AGENCY MANAGED INDEX WITH BEST 50 SHARES AND ALTER IF REQUIRED.

TOURISM POLICY 2018

RURAL TOURISM : SCOPE AND POTENTIAL

Sikkim is also leveraging its rural tourism products with its distinction of being India's first organic state.A noteworthy mention is of the Govardhan Eco Village in Maharasthra which won the UNWTO Ulysses Award For Innovation last year.

GOVERNMENT INITATIVES FOR DEVEPLOMENT OF RURAL TOURISM

Swadesh Darshan- Scheme Guidelines for Integrated Development of Theme Based Circuits:

         India's rich cultural , historical , religious and natural heritage provide a huge potential for development of tourism and job creation.

PRASAD- Pilgrimage Rejuvenation for Spirtual Augmentation Drive:

         Pilgrimage tourism is a form of tourism motivated partly or wholly by religious sentiments.

E- Tourist Visa Facility

        To facilitate arrival of international tourists, Ministry of Tourism has been working very closely with Ministry of Home Affairs and Ministry of External Affairs for easing of the Visa Regime in the country over a period of time. In order to make rural tourism attractive,Ministry of Tourism is promoting Farm Tourism as niche products. Ministry is also encouraging Home Stay Facilities in rural areas.

NATIONAL TOURISM POLICY : THE POTENTIAL GAME CHANGER

      According to the latest data available, Travel & Tourism generated INR14.1 trillion(USD208.9 billion) in 2016,which is the world's 7th largest in terms of absolute size,the sum is equivalent to 9.6% of the country's GDP.

       As per the latest data,Travel & Tourism sector has supported 40.3 milloin jobs in 2016, thus making India Global second in terms of total employment supported by travel and tourism. This particular sector account for 9.3% of the total jobs in the country. It is restimated that in 2017, there will be  a growth of 6.7% in Travel and tourism sector in India. However, this remarkable growth of India;s travel and tourism sector is being driven by domestic tourism which accounted for 88% of the sectors contribution to GDP in 2016.

NEED FOR A TOURISM POLICY

Medical Tourism : Persons coming particularly to avail medical facilities . A large chunk of population from South Asian countries come to India to avail medical facilities here.

Education Tourism : Prospective Students and their families coming for pursuing higher studies in institutes of repute such as : IITs, IIMs,JNU etc.

Golf Tourism : India boasts of world class golf courses to promote golf tourism in the country. Jammu and Kashmir, chandigrah, New Delhi, Kochi,Bengaluru have excellent facilities and infrastructure which attarct golf connoisseurs worldwide.

Eco-Tourism : Western Ghats, Indo-Burma Border and Eastern Himalayas and Nicobar Islands are bio-diversity hot spots eco region.

NATIONAL TOURISM POLICY

National Tourism Policy was formulated in 1982 in a closed economy with stringent licensing procedures.

RURAL TOURISM: INFRASTRUCTURE AND CAPACITY BUILDING

Tourism is definitely usefull for acountry like India,where almost74% of the population resides in its 7 million villages.

ADEQUATE FUNDS RELEASED TO STATES FOR RURAL DEVELOPMENT

The government in the year 2017-18 provided the highest ever allocation of 48,000 crores at BE stage for MGNREGA.

A record number of one crore new houses under PMAY(G) are to be completed by December,2018.

PMGSY now spends nearly Rs 29,000 crore a year including state share.

The target of 100% connectivity by March,2019 is being rigorously followed and is likely to be nearly achieved.

Conceptual Framework of panchayats and village Tourism:

       Panchayati Raj Institutions (PRIs) are peoples institutions  at grassroots levels. These institutions are expected to prepare plans for economic development and social justice including 29 subjects listed in the 11th Schedule of the constitution.

BROWN CIRCUIT: Thirssur is home to the maximum number of dams in kerala. Dams -the temples of modern India-serve the vital purposes of drinking water and irrigation.

National Mission for Clean Ganga Organises 'EK Shaam Ganga Ke Naam'

          National Mission for clean Ganga (NMCG) organised a cultural eveing - "Ek Shaam Ganga ke Naam " in New Delhi. On 4th November,2008,Ganga was declared as the National River of India.

Government Initiatives in Rural Tourism:

       The government of India has already visualized that development of travel and tourism is the best approach to proliferate the income of rural population where almost 68.8% of the population resides in nearly 6 lakh villages.

Goverment's Initiatives , Schemes and Policies :

Skill Development Programme

Deen Dayal Upadhyay Gramin Kaushal Yojana

It based student financial Aid Authority

Pradhan Mantri Vidya Lakshmi karya Kram

MUDRA Bank,SETU,Nai Manzil

Atal Innovation Mission (AIM)

National Investment and Infrastructure Fund(NIIF)

Tax Free Infrastructure bonds

Pradhan Mantri Suraksha Bima Yojana,Atal Pension Yojana

Pradhan Mantri Jeevan Jyoti Bima Yojana

Senior Citizen Welfare Fund

Swachh Bharat Abhiyan

Clean Ganga Mission

Mission on Pilgrimage Rejuvenation and spiritual Agumentation Drive (PRASAD)

National Heritage City Development and Augmentation Yojana(HRIDAY)

Make in India Programme

Digital India

Smart City

PRAYATAN PARV Concludes

     Ministry of Tourism launched the 'Paryatan Parv' (tourism festival) celebrations country wide on 5th october 2017. 'Paryatan Parv' activities began with the flagging of the cycle rally by Smt. Rashmi Verma, Secretary, Ministry Of Tourism From India Gate,New Delhi to Quatb Minar.

         The Ministry of Rural Development under the National RURBAN Mission Launched Tourism Projects in Spituk Rurban Cluster For Development Of tourism Infrastrucutre, Tourist Information Center,Amusement/Theme park and Parking Facilities at Spituk Gompa,Leh.The Ministry has launched Tourism Projects in Moorang Rurban Cluster for development of Pilgrim & Spiritual Tourism and Adventure Tourism at Kinnaur,Himachal Pradesh.

        As a grand finale to the 21 day Paryatan Parv, a three-day event was also organised at the Rajpath Lawns,New Delhi from the 23rd to 25th October 2017.

WORLD TOILET DAY CELEBRATED ON NOVEMBER 19,2017

        The Senior officers,led by Secretary,Ministry of Drinking Water and Sanitation Shri Parameswaran Iyer,had arrived in the village on November 17,2017.

       Data at a glance

Household toilets build since 0ct 2014-54328358 until today 23.11.2017 at 1pm. Open Defection free villages-276956. Open Defection free villages-in Namami Gange-4464.Open Defection Free Districts-236. Open Defection Free states-7.

PRADHAN MANTRI AWAS YOJANA

      Pradhan mantri Awas Yojana (Gramin) was launched by the Prime Minister one year ago on 20thNovember,2016 from Agra. A target of completing one crore new houses after beneficiary registration, geo-tagging and account verification by 31st March,2019 was set Of these , 51 Lakh houses had to be completed by 31st March,2018.

       

Agricultural schemes

RURAL TOURISM : SCOPE AND POTENTIAL

Sikkim is also leveraging its rural tourism products with its distinction of being India's first organic state.

A noteworthy mention is of the Govardhan Eco Village in Maharasthra which won the UNWTO Ulysses Award For Innovation last year.


GOVERNMENT INITATIVES FOR DEVEPLOMENT OF RURAL TOURISM

Swadesh Darshan- Scheme Guidelines for Integrated Development of Theme Based Circuits:
         India's rich cultural , historical , religious and natural heritage provide a huge potential for development of tourism and job creation.

PRASAD- Pilgrimage Rejuvenation for Spirtual Augmentation Drive:
         Pilgrimage tourism is a form of tourism motivated partly or wholly by religious sentiments.

E- Tourist Visa Facility
        To facilitate arrival of international tourists, Ministry of Tourism has been working very closely with Ministry of Home Affairs and Ministry of External Affairs for easing of the Visa Regime in the country over a period of time. In order to make rural tourism attractive,Ministry of Tourism is promoting Farm Tourism as niche products. Ministry is also encouraging Home Stay Facilities in rural areas.



NATIONAL TOURISM POLICY : THE POTENTIAL GAME CHANGER
      According to the latest data available, Travel & Tourism generated INR14.1 trillion(USD208.9 billion) in 2016,which is the world's 7th largest in terms of absolute size,the sum is equivalent to 9.6% of the country's GDP.
       As per the latest data,Travel & Tourism sector has supported 40.3 milloin jobs in 2016, thus making India Global second in terms of total employment supported by travel and tourism. This particular sector account for 9.3% of the total jobs in the country. It is restimated that in 2017, there will be  a growth of 6.7% in Travel and tourism sector in India. However, this remarkable growth of India;s travel and tourism sector is being driven by domestic tourism which accounted for 88% of the sectors contribution to GDP in 2016.

NEED FOR A TOURISM POLICY

Medical Tourism : Persons coming particularly to avail medical facilities . A large chunk of population from South Asian countries come to India to avail medical facilities here.

Education Tourism : Prospective Students and their families coming for pursuing higher studies in institutes of repute such as : IITs, IIMs,JNU etc.

Golf Tourism : India boasts of world class golf courses to promote golf tourism in the country. Jammu and Kashmir, chandigrah, New Delhi, Kochi,Bengaluru have excellent facilities and infrastructure which attarct golf connoisseurs worldwide.

Eco-Tourism : Western Ghats, Indo-Burma Border and Eastern Himalayas and Nicobar Islands are bio-diversity hot spots eco region.


NATIONAL TOURISM POLICY
     National Tourism Policy was formulated in 1982 in a closed economy with stringent licensing procedures.


RURAL TOURISM: INFRASTRUCTURE AND CAPACITY BUILDING

Tourism is definitely usefull for acountry like India,where almost74% of the population resides in its 7 million villages.

ADEQUATE FUNDS RELEASED TO STATES FOR RURAL DEVELOPMENT

The government in the year 2017-18 provided the highest ever allocation of 48,000 crores at BE stage for MGNREGA.
A record number of one crore new houses under PMAY(G) are to be completed by December,2018.
PMGSY now spends nearly Rs 29,000 crore a year including state share.
The target of 100% connectivity by March,2019 is being rigorously followed and is likely to be nearly achieved.

Conceptual Framework of panchayats and village Tourism:
       Panchayati Raj Institutions (PRIs) are peoples institutions  at grassroots levels. These institutions are expected to prepare plans for economic development and social justice including 29 subjects listed in the 11th Schedule of the constitution.

BROWN CIRCUIT: Thirssur is home to the maximum number of dams in kerala. Dams -the temples of modern India-serve the vital purposes of drinking water and irrigation.


National Mission for Clean Ganga Organises 'EK Shaam Ganga Ke Naam'
          National Mission for clean Ganga (NMCG) organised a cultural eveing - "Ek Shaam Ganga ke Naam " in New Delhi. On 4th November,2008,Ganga was declared as the National River of India.


Government Initiatives in Rural Tourism:
       The government of India has already visualized that development of travel and tourism is the best approach to proliferate the income of rural population where almost 68.8% of the population resides in nearly 6 lakh villages.

Goverment's Initiatives , Schemes and Policies :
Skill Development Programme
Deen Dayal Upadhyay Gramin Kaushal Yojana
It based student financial Aid Authority
Pradhan Mantri Vidya Lakshmi karya Kram
MUDRA Bank,SETU,Nai Manzil
Atal Innovation Mission (AIM)
National Investment and Infrastructure Fund(NIIF)
Tax Free Infrastructure bonds
Pradhan Mantri Suraksha Bima Yojana,Atal Pension Yojana
Pradhan Mantri Jeevan Jyoti Bima Yojana
Senior Citizen Welfare Fund
Swachh Bharat Abhiyan
Clean Ganga Mission
Mission on Pilgrimage Rejuvenation and spiritual Agumentation Drive (PRASAD)
National Heritage City Development and Augmentation Yojana(HRIDAY)
Make in India Programme
Digital India
Smart City

PRAYATAN PARV Concludes
     Ministry of Tourism launched the 'Paryatan Parv' (tourism festival) celebrations country wide on 5th october 2017. 'Paryatan Parv' activities began with the flagging of the cycle rally by Smt. Rashmi Verma, Secretary, Ministry Of Tourism From India Gate,New Delhi to Quatb Minar.

         The Ministry of Rural Development under the National RURBAN Mission Launched Tourism Projects in Spituk Rurban Cluster For Development Of tourism Infrastrucutre, Tourist Information Center,Amusement/Theme park and Parking Facilities at Spituk Gompa,Leh.The Ministry has launched Tourism Projects in Moorang Rurban Cluster for development of Pilgrim & Spiritual Tourism and Adventure Tourism at Kinnaur,Himachal Pradesh.
        As a grand finale to the 21 day Paryatan Parv, a three-day event was also organised at the Rajpath Lawns,New Delhi from the 23rd to 25th October 2017.


WORLD TOILET DAY CELEBRATED ON NOVEMBER 19,2017
        The Senior officers,led by Secretary,Ministry of Drinking Water and Sanitation Shri Parameswaran Iyer,had arrived in the village on November 17,2017.
       Data at a glance
   Household toilets build since 0ct 2014-54328358 until today 23.11.2017 at 1pm. Open Defection free villages-276956. Open Defection free villages-in Namami Gange-4464.Open Defection Free Districts-236. Open Defection Free states-7.


PRADHAN MANTRI AWAS YOJANA
      Pradhan mantri Awas Yojana (Gramin) was launched by the Prime Minister one year ago on 20thNovember,2016 from Agra. A target of completing one crore new houses after beneficiary registration, geo-tagging and account verification by 31st March,2019 was set Of these , 51 Lakh houses had to be completed by 31st March,2018.