Financial Inclusion in Action

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Direct Benefits—All Eyes on India


As always, India is the biggest, the most problematic, with the greatest potential for success—or failure. There are other cash transfer programmes for pensions, education, health, and food benefits for low-income households in Brazil, Turkey, South Africa, and next door in Bangladesh. Conditional Cash Transfers (CCT) where women, not men, receive the money if they fulfil… Continue reading

Financial Inclusion Just Became More Inclusive…Maybe

On 22 February, the Reserve Bank of India (RBI) announced that companies from any business sector will be allowed to seek a banking license. A strong part of the rationale behind this controversial and surprising move from India’s generally conservative central bank and regulator is the need to bring more banking services, more efficiently and… Continue reading