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.