As per the reports published in various newspapers, RBI has asked banks to make a plan to provide banking services to all villages having a population of 2000. This directive issued by the RBI will fall in which of the following categories? [Corporation Bank 2010]

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

A	Plan for Financial Inclusion
B	Efforts to meet the targets of Priority Sector Lending
C	Extension of Relief Packages to the Farmers
D	Extension of Internet and Branchless Banking

Explanation:

Detailed explanation-1: -Which one of the following provides banking services to all villages having a population upto 2000? ‘Financial Inclusion’ is the latest powerful tool adopted by Reserve Bank of India to fulfill the basic objective of connecting every Indian to the country’s banking system.

Detailed explanation-2: -The Pradhan Mantri Jan Dhan Yojana (PMJDY) and National Strategy for Financial Inclusion (NSFI) 2019-2024 has given a further fillip to these efforts.

Detailed explanation-3: -Financial Inclusion by RBI No frills account. BSBDA – Basic savings bank deposit account. LBS – Lead banking scheme. PMJDY – Pradhan Mantri Jan Dhan Yojana.

Detailed explanation-4: -UPSC Mains. Q. Which of the following efforts fall under Financial inclusion plan of RBI/Government? Notes: Efforts like Nationalization of banks, Public Sector Lending targets and Zero Balance accounts fall under Financial inclusion plan of RBI/Government.

There is 1 question to complete.