Wednesday, March 27, 2013

Financial Inclusion In 2012: South Asian Highlights

.......In India multiple forces in Government continue to push branchless banking. This has been a priority for financial inclusion by the Ministry of Finance and RBI, but this has been added to by linking accounts to newly established unique identification numbers (Aadhaar) to disburse social welfare payments and subsidies. Although the momentum is strong, there are concerns over agent network quality, and the lack of account use, even though bank accounts have been opened for the poor at a rate unseen in the country before........

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