Essay on The Growth And Poverty Improvement Of A Country

Essay on The Growth And Poverty Improvement Of A Country

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1.1.1 INTERNSHIP INTRODUCTION
Finance is assumed to be one of the most important tools for the growth and poverty improvement in a country. Financial inclusion is a vision for every country to achieve so that it can provide quality services to its citizens. Govt. Has introduces many schemes to achieve the aim of Inclusive growth and abandoned access to Financial services. Many initiatives, schemes and reforms have been put into the place after independence. Many Cooperative Banks where introduced to supply credit for farming purpose and for this cooperative banks came into existence immediately after Independence and further it was followed by the nationalization of many banks and priority sector lending and subsequently. Indian shifted from an agriculture economy to Industrial economy and later to Services sector Economy, but center of attention shifted from subsidized credit and to important sector lending to enterprise driven.
But in this journey of economic development poor and disadvantaged people were not ignored in this journey of economic growth and economic stability. But Post liberalisation India (1991 onwards) saw numerous changes in the financial area; interest rate free licensing, de-regulation, privatization has opened india to the world. Keeping its socialist goals in wits Government of India took various steps after 1991 i.e (post-liberalisation) that the growth in the economy is not biased so that the underprivileged people get their due share. Subsidized credit and priority area lending incorporated many options, a range of initiatives were given for example: - Bank Linkage programme in 1992 NABARD’s Self Help Group (SHG) afterwards credit provision was created for unsecured farmers thro...


... middle of paper ...


... SCOPE OF THE STUDY
To study and analyze financial inclusion practices which are carried by Jammu and Kashmir bank.
To bring out the important analysis of the Jammu and Kashmir bank.
To study and examine the Pradhan Mantri Jan Dhan Yojana
To analyze the area of the weakness in the existing working control mechanism.
1.1.6 METHODOLOGY ADOPTED
The data for the present study has been collected from both primary sources and secondary sources The Primary data required for the study was collected from unstructured discussions with Bank Executives. The secondary data was obtained from reports, journals,and khan committee 2004,Rangarajan committee report financial inclusion 2008, State Level Banker’s Committee Reports, Economic Surveys, press releases of RBI and many websites were used to help me to complete this project.

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Essay on The Growth And Poverty Improvement Of A Country

- INTERNSHIP INTRODUCTION Finance is assumed to be one of the most important tools for the growth and poverty improvement in a country. Financial inclusion is a vision for every country to achieve so that it can provide quality services to its citizens. Govt. Has introduces many schemes to achieve the aim of Inclusive growth and abandoned access to Financial services. Many initiatives, schemes and reforms have been put into the place after independence. Many Cooperative Banks where introduced to supply credit for farming purpose and for this cooperative banks came into existence immediately after Independence and further it was followed by the nationalization of many banks and priority sector...   [tags: Bank, Economics, Kashmir, Financial services]

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