of financial inclusion in enlightening Indian financial system Dr. Vani laturkar and Miss. Jaya Muley School of Management Sciences, Swami Ramanand Teerth Marathawada University, Nanded --------------------------------------------------------------------------------------- Abstract: Now-a-days the topic of financial inclusion is standing as an emerging new model of economic intensification. Financial inclusion
cosmopolitans in National Indian. In fact, National Indian economic climate has reached even to the remote corners of the nation. The first financial institution in National Indian, though traditional, was recognized in 1786. From 1786 till today, the journey of National Indian Banking Program can be separated into three distinct stages. They are as mentioned below: • Early stage from 1786 to 1969 of National Indian Banking institutions • Nationalization of National Indian Banking institutions and
definition of a bank. Banks are a subset of the financial services industry. A system which offers cash management services for customers, reporting the transactions of their accounts and portfolios, throughout the day is known as a Banking System. In India the banking sector, should not only be hassle free but it should be able to meet the new challenges posed by the technology and other external and internal factors. For the past 30 years, banking system in India has several outstanding achievements
internationalization of economic activities. The need to correct fiscal imbalances and the transition from a centralized plan to a market economy were the important local factors hastening tax reforms. Difficulties in compressing expenditures necessitated that tax system reform take an important role in fiscal adjustment strategy. The transition from plan to market required the substitution of administered prices with market determined prices, the replacement of physical controls with
dispensation. Typically, these are small value loans to farmers for agriculture and allied activities, micro and small enterprises, poor people for housing, students for education and other low income groups and weaker sections. PSL is an important financial policy aiming to restore the balance within different sectors of the economy and aid the development of the weaker, employment-intensive sectors such as agriculture and micro or small scale enterprises by channelizing credit and facilitating inclusive
CHAPTER 1 INTRODUCTION INTRODUCTION Along with all creations on earth, man is the best gift of God. Indian culture and values assert and copy the pride of man. It is man, the individual who is the centre, the premium and the best in the creations. "There is nothing greater than man" . Every human being is a unique glint in him; that spark contains unsuspected potentialities and possibilities. MEANING OF HUMAN RESOURCES From the national point of view, the human resources can be defined as the
percent depend on agriculture (according to the World Bank reports), micro-finance can play a vital role in providing financial services to the poor and low income individuals. Microfinance is the form of a broad range of financial services such as deposits, loans, payment services, money transfers, insurance, savings, micro-credit etc. to the poor and low income individuals. The importance of micro-finance in the developing economies like India can not be undermined, where a large size of population is
upon me the importance of the financial sector in the economy. It is due to my understanding of the importance of finance and investment, coupled with my sheer interest for this
INTRODUCTION Automation is the use of machines, control systems and information technologies to optimize productivity in the production of goods and delivery of services. Automation is the answer to India’s pursuit for being a world-class industrial competitor. The Indian farms are slowly beginning to feel the stimulus for the instrumentation, control and automation industry. Indian automation is advancing at a fast pace, yet it is one area that can never be achieved and admired – it is something
Introduction “If you are uplifting the poor, you are uplifting the nation”- M.K.Gandhi This statement clearly explains the essence of microfinance and its importance in the modern economy. Microfinance is a source of financial services and resources to the small entrepreneurs, villagers and less privileged section of the society. In December 2007, Forbes has brought out a special magazine on microfinance and has described microfinance as the next buzzword. Global Context and History The concept of