Notes and Study material for Exams
The P.J. Nayak Committee was a committee set up by the Government of India in 2012 to review the financial sector reforms in India. The committee was headed by P.J. Nayak, a former RBI Governor. The committee submitted its report in 2014. The committee made a number of recommendations for financial sector reforms. These included: … Read more
The Swabhimaan campaign played a vital role in India’s financial inclusion drive. Its focus was on extending basic banking services to unbanked populations, especially in rural areas. Objectives of Swabhimaan Universal Banking Access: Bringing banking services to every village and underserved community across India. Financial Literacy and Awareness: Empowering individuals with financial knowledge and awareness of banking … Read more
The Atal Pension Yojana (APY), a flagship pension scheme of the Government of India, aims to provide financial security in old age for workers in the unorganized sector. The scheme recognizes the need for a structured pension system for vast segments of the workforce who lack traditional social security benefits. Objectives of APY Organized Pension … Read more
The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in 2014, is a flagship financial inclusion scheme of the Government of India. It represents a comprehensive push to bring a vast segment of the unbanked population into the formal financial sector, ensuring access to basic financial services. Objectives of PMJDY Universal Banking Access: Provide every household with … Read more