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Financial Inclusion in Focus in India, but Bank Loans to Micro Sector Fall 5.5%
State-run banks may have created a record with opening of Jan Dhan accounts, but when it comes to lending to the poor, they are actually faltering. Bank loans to the micro sector, the target group of the government's financial inclusion drive and Pradhan Mantri Jan Dhan Yojana (PMJDY), have fallen 5.5% over the last 14 months, according to data from the Reserve Bank of India (RBI).
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- Uncategorized
- Region
- South Asia
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India’s National Bank for Agriculture and Rural Development Launches Digitization Scheme for Women Self-Help Groups
With an objective to promote financial inclusion, Nabard today started a pilot project for complete digitisation of women self help groups (SHGs) to improve the quality of interface between members and banks for efficient and hassle free delivery of banking services.
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- Uncategorized
- Region
- South Asia
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Tampons That Change the World, One Period At a Time
"Welcome to the store for vaginas." These are the confident and unapologetic words that greet you when you visit the website forSHEVA, a startup that sells feminine hygiene products for a cause. The branding, which includes a woman in a classic Rosie the Riveter pose holding a box of Playtex tampons, dispels menstrual stigma and promotes women's empowerment with every click.
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- Health Care
- Region
- South Asia
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Next Phase of Jan Dhan Yojana to Mobilize Financial Savings
The finance ministry on Wednesday said the next phase of the government's ambitious financial inclusion scheme, Pradhan Mantri Jan Dhan Yojana (PMJDY), will be focused on mobilisation of financial savings to reverse the decline in the savings rate.
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- Uncategorized
- Region
- South Asia
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India’s Top Mobile Wallet App Adds Support for Payments to Bank Accounts
Paytm, a India-based mobile payments service operated by (now) Alibaba-backed One97, has introduced a big new feature that lets 25 million users transfer money to bank accounts.
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- Uncategorized
- Region
- South Asia
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- digital payments
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Grameen Foundation USA Partners with MetLife Foundation to Provide Microfinance in Uttar Pradesh
Grameen Foundation US has partnered with MetLife Foundation to provide savings and other services to at least 40,000 poor and women clients in Uttar Pradesh.
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- Uncategorized
- Region
- South Asia
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- microfinance
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PPP is an Avenue That Needs to Be Aggressively Tapped
Alisha Moopen, Director, Aster DM Healthcare, as a young entrepreneur working for improving women’s health, feels that in India there is an immense need for continued innovation in this sphere. She talks about the need for the government, private sector and NGOs to integrate their efforts to strengthen the health system for women in India, in an interaction with Raelene Kambli
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- Health Care
- Region
- South Asia
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Uber Unveils Plan for Training Women Cabbies
Cab aggregator service Uber today announced that it had tied up with a Singapore-based company to train women drivers even as it continues to be under a Delhi government ban after a driver enlisted with it allegedly raped a 25-year-old woman executive inside a taxi.
- Region
- South Asia
- Tags
- transportation
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