2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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72 %
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69 %
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88 %
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57 %
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Detailed explanation-1: -But only about 24 % of them use ATM services at least once in three months. Only 7.4 % of these households use debit or credit card. 7.5 % use cheque to make a payment at least once in three months. Average savings per annum per household was Rs 17, 488.
Detailed explanation-2: -The NABARD survey estimates the total number of rural households in India for 2016-17 at 21.17 crore.
Detailed explanation-3: -Around 88% of rural households in India are estimated to have a savings account at an accredited financial institution, according to a report by the National Bank for Agriculture and Rural Development (NABARD), a development bank that is a key facilitator of the government’s financial inclusion agenda.
Detailed explanation-4: -Index for the year ending March 2022 has since been prepared. The value of FI Index for March 2022 stands at 56.4 vis-à-vis 53.9 in March 2021, with growth witnessed across all the sub-indices.
Detailed explanation-5: -NABARD has supported Financial Literacy efforts through various initiatives keeping in mind its importance to augment demand for financial services, especially for those offered on the digital platform.