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Author: S. M. Jawed Akhtar Publisher: ISBN: 9788177084849 Category : Banks and banking Languages : en Pages : 0
Book Description
Financial literacy involves proficiency in financial principles, financial planning, debt management, saving techniques and the time value of money. The concept of financial inclusion has a special significance in India because a large segment of the society has little access to financial services. Consequently, many of them have to depend either on their own or high-cost informal sources of finance. The essence of financial inclusion is to ensure that a range of appropriate financial services are available to all individuals to enable them to understand and access those services. The present volume contains 8 research papers that provide deep insights into the various aspects and problems associated with financial literacy and financial inclusion.
Author: S. M. Jawed Akhtar Publisher: ISBN: 9788177084849 Category : Banks and banking Languages : en Pages : 0
Book Description
Financial literacy involves proficiency in financial principles, financial planning, debt management, saving techniques and the time value of money. The concept of financial inclusion has a special significance in India because a large segment of the society has little access to financial services. Consequently, many of them have to depend either on their own or high-cost informal sources of finance. The essence of financial inclusion is to ensure that a range of appropriate financial services are available to all individuals to enable them to understand and access those services. The present volume contains 8 research papers that provide deep insights into the various aspects and problems associated with financial literacy and financial inclusion.
Author: K. G. Karmakar Publisher: SAGE Publications Pvt. Limited ISBN: 9788132105848 Category : Business & Economics Languages : en Pages : 0
Book Description
Towards Financial Inclusion in India provides an in-depth analysis of the various pillars of financial inclusion such as micro-remittance, micro-savings, micro-credit, and micro-insurance. The book stresses on financial literacy and counseling, which are core to the achievement of financial inclusion. The authors dwell upon the difficulties faced by vulnerable groups like women, tribals, weavers, and rural populace while trying to access financial services. The book also analyzes inclusion measures like ICT interventions, post office model, and payment mechanisms. Striking a balance between pragmatic policy-making and a genuine social security mechanism, the book emphasizes that financial services should be cost-effective and easily affordable to the vast majority of disadvantaged and low-income groups.
Author: Asli Demirguc-Kunt Publisher: World Bank Publications ISBN: 1464812683 Category : Business & Economics Languages : en Pages : 228
Book Description
In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.
Author: Management Association, Information Resources Publisher: IGI Global ISBN: 1799886034 Category : Business & Economics Languages : en Pages : 671
Book Description
FinTech, an abbreviated term for financial technology, is a digital revolution changing the way banking and financial services are being used both by individuals and businesses. As these changes continue to take place, the financial industry is focused on technological innovation and feeding into this digital revolution to better serve consumers who are looking for easier ways to invest, transfer money, use banking services, and more. FinTech is increasing accessibility to financial services, automating these services, expanding financial options, and enabling online payments and banking. While the benefits are being continually seen and this technology is becoming more widely accepted, there are still challenges facing the technology that include security concerns. To understand FinTech and its role in society, both the benefits and challenges must be reviewed and discussed for a holistic view on the digital innovations changing the face of the financial industry. The Research Anthology on Concepts, Applications, and Challenges of FinTech covers the latest technologies in FinTech with a comprehensive view of the impact on the industry, where these technologies are implemented, how they are improving financial services, and the security applications and challenges being faced. The chapters cover the options FinTech has unlocked, such as mobile banking and virtual transactions, while also focusing on the workings of the technology itself and security applications, such as blockchain and cryptocurrency. This book is a valuable reference tool for accountants, bankers, financial planners, financial analysts, business managers, economists, computer scientists, academicians, researchers, financial professionals, and students.
Author: Jain, Dhiraj Publisher: IGI Global ISBN: 1522540369 Category : Business & Economics Languages : en Pages : 331
Book Description
Financial inclusion has been one of the most propagated ideologies in countries, and as a result, significant efforts have been taken to nurture institutions and systems to include an array of socio-economic classes. Various financial institutions and societies have taken steps toward financial inclusion, but to be successful, they need to understand how to accurately target and market their potential customers as well as the new avenues for development. Marketing Techniques for Financial Inclusion and Development is a critical scholarly resource on the marketing techniques adopted by various financial institutions and societies for promoting financial inclusion initiatives for the development of the society at large. Featuring coverage on a broad range of topics such as consumer awareness, financial literacy, and micro-enterprises, this book is geared towards managers, investors, brokers, researchers, and all others within the banking industry.
Author: Management Association, Information Resources Publisher: IGI Global ISBN: 1799881016 Category : Business & Economics Languages : en Pages : 600
Book Description
Developing personal financial skills and improving financial literacy are fundamental aspects for managing money and propelling a bright financial future. Considering life events and risks that unexpectantly present themselves, especially in the light of recent global events, there is often an uncertainty associated with financial standings in unsettled times. It is important to have personal finance management to prepare for times of crisis, and personal finance is something to be thought about in everyday life. The incorporation of financial literacy for individuals is essential for a decision-making process that could affect their financial future. Having a keen understanding of beneficial and detrimental financial decisions, a plan for personal finances, and personalized goals are baselines for money management that will create stability and prosperity. In a world that is rapidly digitalized, there are new tools and technologies that have entered the sphere of finance as well that should be integrated into the conversation. The latest methods and models for improving financial literacy along with critical information on budgeting, saving, and managing spending are essential topics in today’s world. The Research Anthology on Personal Finance and Improving Financial Literacy provides readers with the latest research and developments in how to improve, understand, and utilize personal finance methodologies or services and obtain critical financial literacy. The chapters within this essential reference work will cover personal finance technologies, banking, investing, budgeting, saving, and the best practices and techniques for optimal money management. This book is ideally designed for business managers, financial consultants, entrepreneurs, auditors, economists, accountants, academicians, researchers, and students seeking current research on modern advancements and recent findings in personal finance.
Author: Dr. Bilas Kale Publisher: ISBN: Category : Languages : en Pages : 3
Book Description
Reserve Bank of India's vision for 2020 is to open nearly 600 million new customers' accounts. The government should encourage the banks to adopt financial inclusion by means of financial assistance, financial literacy, advertisement, awareness program, etc. to achieve the aim of 11th plan of Inclusive Growth. The availability of quality financial services in rural areas is extremely important for the growth of the economy as this will enable the large number of rural households to fund the growth of their livelihoods. The growth of the economy is dependent on the growth of the rural market in the country. Therefore greater financial inclusion in these segments is imperative. The main objective of this study is to review various papers on the how financial inclusion serves as a means of inclusive growth and to study the initiatives taken by Government and Reserve Bank of India for strengthening financial inclusion in the country. The study is based on secondary data collection. Financial inclusion plays a major role in inclusive growth of the country. It is estimated that globally over 2.5 billion people are excluded from access to financial services of which one third is in India. The origins of the current approach to financial inclusion can be traced to the United Nations initiatives, which broadly described the main goals of inclusive finance as access to a range of financial services including savings, credit, insurance, remittance and other banking /payment services to all 'bankable' households and enterprises at a reasonable cost. In India, financial inclusion first featured in 2005, when it was introduced by Dr. K.C. Chakrabarty, the Chairman of Indian Bank. Mangalam Village becomes the first village in India where all households were provided banking facilities.
Author: Moin Qazi Publisher: Notion Press ISBN: Category : Business & Economics Languages : en Pages : 272
Book Description
The official emphasis on financial inclusion keeps re-emerging in policy discourses and among bankers, who are critical of its architecture, despite the earnestness and enthusiasm in pursuing it. In the face of initial bursts of euphoria, the movement develops fatigue for commercial reasons. The agenda regularly falls by the side –first from discussion tables and then from policy engagement. Banks face many constraints; the high cost of driving financial inclusion in remote geographies is not sustainable. The main reason for the earlier failures was that the goals were more idealistic than realistic However, in the last few years, that agenda appears to have gained significant traction even as it is still going through the honeymoon period in the Jan-Dhan avatar. People have wholeheartedly embraced it and see great promise in it. But they are still not entirely convinced of it achieving its touted potential. Access to suitable finances is critical in overcoming the complex everyday realities for those living in penny economies. It can allow them to move out of poverty or build resilience to absorb a financial shock without sinking deeper into debt. Financial services increase savings, remove barriers to credit, ease the burden of debt, and help people weather unexpected tragedies.
Author: S. M. Jawed Akhtar
Author: S. M. Jawed Akhtar
Author: K. G. Karmakar
Author: DR.S.V. SHINDE
Author: Asli Demirguc-Kunt
Author: Management Association, Information Resources
Author: Jain, Dhiraj
Author: 
Author: Management Association, Information Resources
Author: Dr. Bilas Kale
Author: Moin Qazi