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.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- 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]
951 words (2.7 pages)
- Homeless on Wall Street: Negative Impact of Economic Growth on Poverty Last November, when I finally managed to squeeze one day from my compacted conference schedule for a tour in New York City, I decided to go to Wall Street first, simply to feel the embrace of finance, which is arguably the most powerful force in the modern world. However, the towering headquarters of financial corporations and the Wall Streeters with suits and briefcases could not keep me from noticing some homeless people lying by the stairs or sitting at the street corners, with only thin clothes on them in the cold late autumn weather.... [tags: Poverty, Economic growth, Economic inequality]
1087 words (3.1 pages)
- Introduction Economic policies are aimed at finding satisfactory solutions to various problems that emerge from time to time in any economic system. In most instances, the so called problems present themselves in the form of inflation, unsatisfactory or poor economic growth and unemployment. It is not always simple and straight forward to solve such dilemmas, especially because their impact, implications and importance changes from time to time. (Roux, 2008). Making use of the monetary policy and the fiscal policy, the South African government has made efforts to address growth and poverty in the country.... [tags: Economic System, Economic Growth, Unemployment]
1689 words (4.8 pages)
- With a staggering number of 14.5 million children living in poverty in America, which mean that children who come from these families are at a higher risk of outcomes. In a article written by (Rodgers,H,R,2015), poverty is a massive society problem with multitude of cause and effect negative relationships from issues that evolve from poverty(2015). With poor children they are at a higher risk of negative health outcomes such as mental illness, malnourished,abuse,violence, lack of quality schools and/or daycare.... [tags: Poverty, Poverty in the United States]
1175 words (3.4 pages)
- The American society faces a countless number of social problems that began several generations ago and that will continue for many more generations to come, but childhood poverty is a social problem that the American society cannot afford to go another generation without greatly reducing the number of children that experience a life in poverty. The United States is home to “More than 16 million children – 22% of all children – live in families with incomes below the federal poverty level - $23,550 a year for a family of four” (National Center for Children in Poverty, 2014).... [tags: Poverty, Poverty in the United States]
1894 words (5.4 pages)
- Government Policies and Economic Growth Rate Governments around the world are chartered with the goal of making their country’s economies grow and prosper. In doing so, governments rely on economists to help make decisions regarding policies that affect their economic productivity and standard of living. Productivity is defined by Mankiw, 2015 as “the quantity of goods and services produced from each unit of labor input” (p.239). Countries like the United States have a large economy with strong capital, such as physical, human, natural resources, and technological knowledge which allow a great output of goods and services or productivity (Mankiw, 2015, p.... [tags: Government, Economics, Policy, Economic growth]
1342 words (3.8 pages)
- Abstract—Indonesia has been widely known a country with unique characteristic, culturally, regionally and geographically. As Indonesia is an archipelago country, there are many islands and culture that impact to every life system, especially in education system. In this case, region in Indonesia is divided by developed and developing region, due to the different characteristic of two regions themselves. Education becomes one vital attention in Indonesia’s development phase. It is supported by the fact that, recently, Indonesia has raised education spending an attention to achieve welfare, especially for the poor people.... [tags: Poverty, Education, Macroeconomics]
1560 words (4.5 pages)
- Living in a world where richer gets rich and poor has more children, the only question that arises in our mind is poverty an economic or a cultural problem. Whose fault is poverty. Is it the fault of the poor themselves (V. Reeves, May2015), who should be working harder, making better decisions, and committing to their own futures or the community and government who should consider the policy making considering the poor’s and economy of the country and the world itself. Poverty is a state of being extremely poor and can be defined as a state of deprivation of the satisfactory needs of basic human necessities.... [tags: Poverty, Economics, Economy, World Bank]
835 words (2.4 pages)
- Gideon Okyere Prof. Kumar English 112 Research paper December 2, 2015 Hunger and Poverty in the World: Word Biggest Problem Hunger and poverty have been a major problem in the world, which has being leading most people to death than cancer, Ebola, and malaria do. More than thousands of people die from hunger and poverty, and most of the people who suffer most are children below the age of ten. Hunger and poverty have contributed to the world food crisis that has an impact on the economy, the environment, and political issues.... [tags: Malnutrition, Poverty, World Food Programme]
1241 words (3.5 pages)
- However, despite these dwellers moving to improve their standard of living, urban growth poses a threat to sustainable development in urban areas, as it implies an increase in the consumption space (Williams 2000). The environmental impacts of urban growth have raised concerns among planners and stimulated other models of urban expansion such as "smart growth” (Mohammadi et al. 2012). Unfettered urbanisation has strained the ability of governments to manage with the increasing demands for housing, services and employment in developing countries.... [tags: Urban area, City, Urban decay, Poverty]
1035 words (3 pages)
- The Modern Economic System Has Made It Mandatory
- The Death Penalty Is Not A Punishment
- Benefits Of Banking Services For Rural And Urban Areas
- Research Design : A Qualitative And Qualitative Approach
- Education Is Inevitable And One Important Part Of Students ' Life
- Marketing Analysis : Brand Recognition