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Women Bank Mitras Drive Rural Wealth Creation Why in the News ? With over 57 crore Jan Dhan accounts, including 32 crore held by women, attention has shifted from financial access to economic empowerment. Initiatives like Business Correspondent Sakhi and proposed SHE Marts aim to convert rural women into active wealth creators. From Financial Inclusion …
Read MoreSyllabus: GS 3: Effects of Liberalization on the Economy Indian Economy and issues relating to Planning. Growth and Development. Why in the News? The Reserve Bank of India (RBI) released draft rules for payment aggregators (PAs) in response to the need for better regulation, particularly in offline payment transactions. Source: ET About the Rules: These …
Read MoreWhy in the news? RBI plans to enable UPI for cash deposits, permits foreign investment in green bonds, and introduces a mobile app for Retail Direct scheme. source:fintra About RBI’s Initiatives for Digital Banking: RBI plans to enable Unified Payment Interface (UPI) for cash deposits, acknowledging its popularity and convenience. This move aims to enhance …
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