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In order to promote financial literacy among customers and to provide access to formal financial services in an affordable manner, the Reserve Bank of India (RBI) has released a National Strategy for Financial Inclusion (NSFI) 2019-24 . It also suggested making the public credit registry fully –database of credit information of borrowers--operational by ________
January 2021
March 2021
October 2021
December 2021
March 2022
• In order to promote financial literacy among customers and to provide access to formal financial services in an affordable manner, the Reserve Bank of India (RBI) has released a National Strategy for Financial Inclusion (NSFI) 2019-24. • NSFI has been finalized and approved by the Financial Stability Development Council (FSDC). The document was formally released by Mahesh Kumar Jain, Deputy Governor, RBI. • Key Recommendations: - There should be universal access to financial services wherein every village should have access to a formal financial services provider within a 5-km radius. - The banking outlets of commercial banks to be increased to provide easy and hassle-free digital process. - The strengthening of digital financial services in all tier-II to tier-VI centres is required to facilitate a less-cash society by March 2022. - Every eligible adult should be provided with basic financial services like savings account, credit, micro-life and non-life insurance products, pension product, and a suitable investment product. - By March 2020, every adult enrolled under the Pradhan Mantri Jan Dhan Yojna (PMJDY) should be enrolled under an insurance scheme and pension scheme. - The Public Credit Registry(PCR) has to be made fully operational by March 2022.
Hence option 5 is correct.
By: Munesh Kumari ProfileResourcesReport error
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