Stay updated with the latest financial-inclusion news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on financial-inclusion topics.
New Delhi- Prime Minister Narendra Modi on Thursday said that the proposed amendments to the Women Reservation Act are not just a legislative exercise but a reflection of the aspirations of crores of women across India, urging all MPs to come together to support this significant move. In a signed article posted on his website narendramodi.in, the prime minister also said that the initiative is an affirmation of a principle that has long guided India's civilisational ethos that society progresse ...Read More >
Hyderabad (Telangana) [India], April 9 (ANI): Bharatiya Janata Party (BJP) Telangana State Secretary Bandaru Vijayalaxmi on Thursday said that the Women's Reservation Bill will enable more women to take on leadership roles, citing examples from India's history and current governance. Speaking to ANI, Vijayalaxmi said, "Surely, because we have seen in the history of Bharat what kind of kingdoms were ruled when women took up the throne. Even in many positions today--like the President of India, D ...Read More >
New Delhi [India], April 9 (ANI): Prime Minister Narendra Modi on Thursday higlighted that reservation for women in legislative bodies was the "need of the hour". He said that any delay in bringing this reservation will be "deeply unfortunate". "Reservation for women in legislative bodies is the need of the hour! This will make our democracy even more vibrant and participative. Any delay in bringing this reservation will be deeply unfortunate. Expressed my thoughts on the issue in this Op-Ed," ...Read More >
New Delhi: Prime Minister Narendra Modi said on Thursday that the proposed amendments to the Women Reservation Act is not merely a legislative exercise but a reflection of the aspirations of crores of women across India and urged all MPs to come together to support this move. In a signed article posted on his website narendramodi.in, the prime minister also said that the move is an affirmation of a principle that has long guided India's civilisational ethos that society progresses when women pr ...Read More >
New Delhi, Apr 9 (PTI) Prime Minister Narendra Modi said on Thursday that the proposed amendments to the Women Reservation Act is not merely a legislative exercise but a reflection of the aspirations of crores of women across India and urged all MPs to come together to support this move. In a signed article posted on his website narendramodi.in, the prime minister also said that the move is an affirmation of a principle that has long guided India's civilisational ethos that society progresses w ...Read More >
New Delhi [India], April 9 (ANI): Prime Minister Narendra Modi on Thursday higlighted that reservation for women in legislative bodies was the "need of the hour". He said that any delay in bringing this reservation will be "deeply unfortunate". "Reservation for women in legislative bodies is the need of the hour! This will make our democracy even more vibrant and participative. Any delay in bringing this reservation will be deeply unfortunate. Expressed my thoughts on the issue in this Op-Ed," ...Read More >
New Delhi [India], April 9 (ANI): Joint Managing Director of Apollo Hospitals, Sangita Reddy, on Thursday termed women's reservation in parliament a "historic milestone," highlights a significant shift in India's policy approach: moving from "women's development" (treating women as passive recipients of aid) to "women-led development" (positioning women as active leaders and drivers of economic and social progress). Her remarks underscore the expected impact of the Nari Shakti Vandan Adhiniyam ...Read More >
PMMY was built on a revolutionary idea that the Indian state could trust its most marginalised citizens with credit, when the formal banking system hesitated Financial inclusion has been at the forefront of the agenda of the Narendra Modi government. In the last decade, India witnessed a silent transformation where millions of ordinary citizens stepped into entrepreneurship with newfound confidence and agency. At its heart lies an initiative launched on April 8, 2016, by the prime minister, the ...Read More >
New Delhi, Apr 8: Japan's MUFG Bank on Wednesday acquired a 20 per cent stake in Shriram Finance Ltd (SFL) for Rs 39,618 crore. The transaction represents the largest cross-border investment in India's financial services sector. Board approval and share allotment "This follows the approval by SFL's Board of Directors, at its meeting held today, of the allotment of equity shares to MUFG Bank through a preferential issue," SFL said in a statement. MUFG Bank has subscribed to 471,121,055 equity ...Read More >
New Delhi, Apr 8 (PTI) Japan's MUFG Bank on Wednesday acquired 20 per cent stake in Shriram Finance Ltd (SFL) for Rs 39,618 crore. The transaction represents the largest cross-border investment in India's financial services sector. "This follows the approval by SFL's Board of Directors, at its meeting held today, of the allotment of equity shares to MUFG Bank through a preferential issue," SFL said in a statement. MUFG Bank has subscribed to 471,121,055 equity shares at an issue price of Rs 8 ...Read More >
New Delhi, Apr 8 (PTI) Prime Minister Narendra Modi on Wednesday said the PM Mudra Yojana has strengthened the spirit of enterprise across India by removing barriers and trusting the aspirations of the people. On 11 years of the PM Mudra Yojana, Modi said the scheme has redefined access to credit by empowering millions with the confidence to dream and the means to fulfil it. "By removing barriers and trusting the aspirations of our people, it has strengthened the spirit of enterprise across In ...Read More >
Visa Inc. has seen a leadership transition in its India and South Asia business, with Sandeep Ghosh stepping down from his role as Group Country Manager. Ghosh, who led the company's operations across India and neighbouring South Asian markets, is exiting the organisation after more than four years. The company confirmed that a replacement has already been identified and will be announced shortly. A Visa spokesperson told ET, "After over four years with Visa, Sandeep Ghosh, Group Country Manag ...Read More >
New Delhi [India], April 8 (ANI): The Pradhan Mantri MUDRA Yojana (PMMY) launched by Prime Minister Narendra Modi on April 8, 2015, is marking 11 years of success in strengthening India's grassroots entrepreneurs. This initiative has been designed to bridge the gap in financial accessibility, offering streamlined, easy collateral-free loans up to Rs 20 lakh to support small-scale business ventures for non-corporate and non-farm income-generating activities. Micro, Small, and Medium Enterprises ...Read More >
New Delhi, Apr 8 (UNI) Prime Minister Narendra Modi on Wednesday marked 11 years of the Pradhan Mantri Mudra Yojana, stating that the initiative has played a significant role in boosting self-employment among the country's youth. In a post on X, the Prime Minister said, "Exactly 11 years ago today, the Prime Minister's Mudra Yojana was launched, and it has proven to be highly beneficial in promoting self-employment among the youth." He added that the scheme's success demonstrates how acce ...Read More >
NEW DELHI: The Pradhan Mantri MUDRA Yojana (PMMY) has disbursed over Rs 40 lakh crore through 57.79 crore loans, marking 11 years of its implementation, the government said on Wednesday. The Ministry of Finance stated that the scheme which was launched by Prime Minister Narendra Modi in 2015, aimed at "funding the unfunded", provides collateral-free loans of up to Rs 20 lakh to micro and small non-corporate, non-farm enterprises. Highlighting the progress, Finance Minister Nirmala Sitharaman s ...Read More >
New Delhi [India], April 8 (ANI): Prime Minister Narendra Modi on Wednesday hailed the impact of the Pradhan Mantri Mudra Yojana (PMMY) on its 11th anniversary, stating that the initiative has been pivotal in fostering self-employment and making the youth of the nation self-reliant. In a post on X, the Prime Minister emphasised that providing the right opportunities is key to individual and national growth. "Exactly 11 years ago, the Pradhan Mantri Mudra Yojana, launched today, has proven to b ...Read More >
New Delhi: Pranay Verma, the Indian High Commissioner to Bangladesh, paid a courtesy call on Prime Minister Tarique Rahman on Monday. The duo held discussions on the New Delhi-Dhaka ties, with a focus on people-centric cooperation in multiple domains aligned with the national development priorities of the two countries. "High Commissioner conveyed India's intent to work together with the Government and people of Bangladesh by adopting a positive, constructive and forward-looking approach and b ...Read More >
ITANAGAR, 30 Mar: The National Bank for Agriculture and Rural Development (NABARD) released the state focus paper (SFP) 2026-27 for Arunachal Pradesh on 30 March, outlining the credit potential and developmental priorities for the state in the coming year. The document was formally unveiled by Chief Secretary Manish Kumar Gupta during a special ceremony at the civil secretariat here. The event was attended by Finance Commissioner YW Ringu, NABARD GM/OIC SV Ranga Rao, RBI Itanagar DGM Ramjatan K ...Read More >
New Delhi [India], March 30 (ANI): The Union government has taken various steps to support farmers, including small and marginal, through increasing access to Kisan Credit Cards (KCC), and promoting their digital issuance in all States/UT. According to a statement released by the Ministry of Finance, "the Priority Sector Guidelines of Reserve Bank of India (RBI) issued to banks, and Ground Level Agriculture Credit (GLC) Target by the Government to banks act as key policy instruments in scaling ...Read More >
New Delhi, March 11 (SocialNews.XYZ) India undertook an "ambitious financial‑technology transformation in modern history," to become "one of the world's most advanced digital payment ecosystems" creating a model for developing economies, a report has said. India's model shows how "government policy, technological innovation and widespread mobile connectivity can combine to create efficient payment infrastructure," the report from Azerbaijan-based News.az said. India's digital payment revolutio ...Read More >
New Delhi [India], February 16 (ANI): Unified Payments Interface (UPI) has emerged as the most preferred mode of transaction, accounting for 57 per cent, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to a survey. The Department of Financial Services (DFS), Ministry of Finance, released a report titled 'Socio-Economic Impact Analysis of the Incentive Scheme for Promotion of RuPay Debit Card and low-value BHIM-UPI (Person ...Read More >
New Delhi, Feb 16 (SocialNews.XYZ) UPI has emerged as the most preferred mode of payment, accounting for 57 per cent of total payment transactions in India, surpassing cash transactions at 38 per cent, primarily due to ease of use and instant fund transfer capability, according to an independent study commissioned by the Finance Ministry. Digital payments now dominate everyday transaction behaviour, with 65 per cent of UPI users reporting multiple digital transactions per day. Preference for UP ...Read More >
Mumbai (Maharashtra) [India], December 17 (ANI): India has emerged from economic stress and global disruptions with renewed strength, setting the stage for sustained long-term growth, Chairman, Jio Financial Services, KV Kamath said, crediting the Indian industry for rapidly repairing balance sheets and rebuilding confidence after the COVID-19 pandemic shock. Speaking at a leadership forum, titled 'Holistic Leadership for an Inclusive World' organised by Confederation of Indian Industry (CII) o ...Read More >
New Delhi, Dec 17 (SocialNews.XYZ) Finance Minister Nirmala Sitharaman on Wednesday said that reducing the country's debt-to-GDP ratio will be the "core focus" for the government in the next financial year (2026-27). Speaking at a media event here, Sitharaman stressed that it is crucial to bring down the debt-to-GDP ratio, which crossed 60 per cent during the Covid period. "It is already coming down, but we need to reduce it further, and this will be a core focus in the next financial year," t ...Read More >
New Delhi, Nov 10 (PTI) NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), on Monday announced a partnership with BENEFIT, Bahrain's leading fintech and electronic financial transactions company, to enable real-time cross-border remittances between India and Bahrain. This linkage will connect India's Unified Payments Interface (UPI) with Bahrain's Electronic Fund Transfer System (EFTS), specifically, Fawri+ service, allowing u ...Read More >
Leh, Nov 7 (PTI) Ladakh Lt Governor Kavinder Gupta on Friday reaffirmed his administration's commitment to building a self-reliant and economically empowered Union Territory, where every citizen has access to opportunities for growth, innovation, and entrepreneurship. He said the vision of 'Atmanirbhar' Ladakh can only be achieved through inclusive development, where women, youth, artisans, and marginalised sections are active partners in progress. "Economic empowerment is the key to self-reli ...Read More >
Mumbai: Jio Financial Services Limited (JFSL) has announced a special festive campaign "Jio Gold 24K Days", which allows customers to start investing in gold with as little as Rs 10. The scheme also gives buyers a 2 per cent gold bonus and prizes worth Rs 10 lakh on purchases made during Dhanteras and Diwali. As part of the limited-period offer, customers purchasing digital gold worth Rs 2,000 or more between October 18 and 23, 2025, through the JioFinance or MyJio apps, will receive 2 per cen ...Read More >
Finance minister Nirmala Sitharaman has asked rural banks to leverage the consumption boost from lower goods and services tax rates to boost credit in semi-urban and rural areas. The rationalisation of GST rates has opened new opportunities in rural areas due to an increase in consumption, an indication of more bank funding, Sitharaman said, while chairing a meeting to review the business performance of the Karnataka Grameena Bank (KaGB) at Ballari on October 16. "...the rural banks should lev ...Read More >
New Delhi [India], October 16 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra shared a brief overview of India Digital Public Platform (DPP) ecosystem on the side-lines of the Annual Meetings of the World Bank and International Monetary Fund (IMF) in Washington, D.C. According to an official statement by RBI, a High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms was organised by the Reserve Bank of India on October 14, 2025, during the Annual Meetings ...Read More >
New Delhi [India], October 16 (ANI): Reserve Bank of India (RBI) Governor Sanjay Malhotra shared a brief overview of India's Digital Public Platform (DPP) ecosystem on the side-lines of the Annual Meetings of the World Bank and International Monetary Fund (IMF) in Washington, D.C. According to an official statement by RBI, a "High-Level Dialogue on Forging Economic Resilience through Digital Public Platforms" was organised by the Reserve Bank of India on October 14, 2025, during the Annual Meet ...Read More >
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