This website uses cookies to ensure you have the best experience. Learn more

Financial Inclusion Paper

956 words - 4 pages

-------------------------------------------------
Financial inclusion
Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to sections of disadvantaged and low income segments of society. Unrestrained access to public goods and services is the sine qua non of an open and efficient society. It is argued that as banking services are in the nature of public good; the availability of banking and payment services to the entire population without discrimination is the prime objective of this public policy. The term "financial inclusion" has gained importance since the early 2000s, and is a result of findings about financial exclusion and its direct ...view middle of the document...

Financial and institutional sustainability as a means of providing access to financial services over time
4. Multiple providers of financial services, wherever feasible, so as to bring cost-effective and a wide variety of alternatives to customers (which could include any number of combinations of sound private, non-profit and public providers).
-------------------------------------------------
Financial Inclusion Taskforce, UK
The United Kingdom was one of the first countries to realize the importance of financial inclusion. It published its strategy of financial inclusion in its report Promoting Financial Inclusionwhich was published alongside the Pre-Budget Report of 2004. The UK government also set up the Financial Inclusion Fund of £120 m to help bring about financial inclusion. The Financial Inclusion Taskforce was formally launched on 21 February 2005 to monitor progress on financial inclusion and to make suitable recommendations.
-------------------------------------------------
The Alliance for Financial Inclusion
Formed in 2009 with funding from the Gates Foundation, the Alliance for Financial Inclusion is made up of regulatory institutions from the developing world. In 2011 at AFI's annual Global Policy Forum meeting the network adopted the Maya Declaration,[1] a set of common principles and goals for financial inclusion policy development. AFI uses a "polylateral development" model to contrast and compare successful financial inclusion policies, focusing on a peer-to-peer system rather than a top-down or North-to-South learning model. The network has over 80 member institutions from over 70 institutions across the globe.
-------------------------------------------------
Financial inclusion in India
The Reserve Bank of India (RBI) set up the Khan Commission in 2004 to look into financial inclusion and the recommendations of the commission were incorporated into the mid-term review of the policy (2005–06). In the report RBI exhorted the banks with a view of achieving greater financial inclusion to make available a basic "no-frills" banking account. In India, financial inclusion first featured in 2005, when it was introduced by K C Chakraborthy,...

Other Papers Like Financial Inclusion - Paper

Creating Impact in India Through M Pesa

2640 words - 11 pages increased financial access can have a positive impact on long term economic growth through reducing poverty and income inequality (Clarke, 2002; Beck et al., 2004; Levine, 2005). Indeed, many believe that financial inclusion of the wider population is a key tool for achieving the Millennium Development Goal (MDG) of eradicating extreme poverty and hunger. Mobile money services yield a number of documented benefits to providers, users and the

Boy Scouts of America Profile Essay

753 words - 4 pages Boy Scouts of America Profile Overview Henry Green Ethics/316 July 25, 2013 . Richard Nardello Boy Scouts of America Profile Overview The Boy Scouts of America’s reputation as a superior organization for the development of young men is indisputable. The organization has influenced most participants in positive ways by building strong leadership, and character traits in boys, and young men. The paper tonight will profile the organization

Disabilities Act

626 words - 3 pages Disabilities Act Old Act - Did not really deal with education fully but more with services provided in the community for the community. This has not been entirely successful in itself as after all these years there are still only 3 restaurants that a disabled person can eat in, in Ashford. Will the new act just be a paper exercise only or will it be enforced? The other factor to take into concern is no amount of legislation can change

Finincial Accounting

2520 words - 11 pages Learning outcome (1): Understand the regulatory framework for financial reporting User needs: Accounting standards Board (ASBs) Statement of Principles INTRODUCTION This section of the unit discusses the qualitative characteristics of the financial statements and how it relates to the content and presentation of a financial statement. The second part of this paper sets out to assess the difficulty preparing a useful set of financial statements

Deversity in Deloitte

3058 words - 13 pages Deloitte and Touche | Final Paper | | HR582 Managing Global Diversity | | Owner | 10/21/2010 | | Deloitte Diversity Audit Organizational Background: Deloitte is a staple in the financial accounting industry for over 100 years. In this time frame they have continued to revamp themselves to still remain relevant not only for their trade of accounting but developing its primary asset, their employees. Deloitte help set

North Face Case Study

1335 words - 6 pages North Face Case Questions 1. Should auditors insist that their clients accept all proposed audit adjustments, even those that have an “immaterial” effect on the given financial statements? Defend your answer. No, clients are not required to accept all proposed audit adjustments that need to be made to the financial statements. However, the auditor is required to challenge management to justify not recording these adjustments. Regardless of

Content

5849 words - 24 pages Page 75 UNDERSTANDING THE LIMITATIONS OF FINANCIAL RATIOS Joseph Faello, Mississippi State University ABSTRACT The purpose of this paper is to provide financial statement users and accounting academics with some useful insights when working with financial ratios. Initially, the uses and benefits of financial ratios and the limitations of using financial ratios are discussed from the financial statement users’ and accounting academics

Comparitive Analysis of Nbcs

1859 words - 8 pages consumers particularly in transportation, SMEs and other unorganized sectors. According to the Economic Survey 2010-11, it has been reported that NBFCs as a whole account for 11.2 per cent of assets of the total financial system. With the growing importance assigned to financial inclusion, NBFCs have come to be regarded as important financial intermediaries particularly for the small-scale and retail sectors. ALLIANCE

Behavior and Communication

805 words - 4 pages tradition to United States when he traveled from Italy. Starbucks mission is “to inspire and nurture the human spirit – one person, one cup and one neighborhood at a time.” (Starbucks Corporation a. 2012) The coffee shop is committed to diversity as the equation of inclusion, equity and accessibility. Good quality of service and to make their customers feel that they are connected with their families and friends are company’s main goal. “Starbucks

Internet Financial Reporting

5816 words - 24 pages on websites, including information that has been audited (for example annual Financial Statements), information that may have been reviewed by auditors, and information with which the auditors have had no direct involvement, such as financial highlights. In a paper copy of a company’s annual report it is relatively easy (simply by referring to the relevant pages) to identify information that has been subjected to audit and is therefore covered by

Financial Statements

2347 words - 10 pages This paper is all about financial statements. An introduction to financial statements is presented to give a background to the reader. In the introductory part, the fundamental accounting concepts used in the preparation of financial statements are included together with the explanation of their basis. Examples are also given as an illustration of its application. This consist the first part. On the other hand, the second part is about the

Related Essays

Financial Inclusion Essay

2541 words - 11 pages analysis will reveal that opening up the system to innovation will far outweigh the risks involved. We belive that effective use of IT backed by goverement support the model would be a success and would be able capture the rural masses and hence bridge the gap between financial exclusion and inclusion. The model can be further accentuated through SHG. Much of this paper draws conclusions from the successes of telecom and we have seen telecom successfully move towards universal access with negative use of public money. Financial services regulators should see if universal financial access can be significantly increased in a similar manner.

Financial Inclusion Essay

754 words - 4 pages Introduction : 'Financial Inclusion';Unorganised Sector; are the buzz word today. What is 'Financial Inclusion' ? "Financial inclusion is delivery of banking services at an affordable cost ('no frills' accounts,) to the vast sections of disadvantaged and low income group. Unrestrained access to public goods and services is the sine qua non of an open and efficient society. As banking services are in the nature of public good, it is essential

Agency Banking Essay

1565 words - 7 pages the cost of financial services and to foster financial inclusion, reach and depth. Commercial Banks worldwide offer similar kinds of services, but they could provide differences in terms of service quality. This paper analyzes past studies regarding service quality improvement in the agency banking sector. The continuing trend to a model of service quality improvement, from personnel counter services to electronic services, will be demonstrated

Thinking About Diversity And Inclusion Essay

796 words - 4 pages countries that speak different languages, cultural roots, and attitudes. The writer of this paper identify with the Hispanic group.The Hispanic social circle members have in common how important is the family and how much the adults are respected. The Hispanic families help each other when any member in the family needs help such as medical or having financial trouble. They talk loud, fast, and gesticulating with their hands as part of the language