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Deshpande, Shrirang A.
- Financial Inclusion - Initiatives, Schemes and Programmes
Authors
1 KLS-IMER, Belagavi, Karnataka, IN
Source
Jaipuria International Journal of Management Research, Vol 3, No 1 (2017), Pagination: 33-41Abstract
Financial inclusion is, literally, at the top of the global agenda. Billions of people remain excluded from formal financial systems worldwide. Financial inclusion is a critical driver of social and economic growth, giving the world’s poor access to quality financial services to help them better their own lives. There is a long history of financial inclusion in India. It has traditionally been understood to mean opening of new bank branches in rural and unbanked areas. Nowadays, however, financial inclusion is seen to be something more than opening bank branches in unbanked areas to take formal financial services across the length and breadth of the country.In the recent years the government and Reserve Bank of India has been pushing the concept and idea of financial inclusion. In November 2005, RBI had advised banks to make available a basic banking “no-frills” account with “nil” or very low minimum balance. The government of India initiated The Pradhan Mantri Jan DhanYojana an ambitious programme for financial inclusion which has been rolled out across the country on a massive scale, targeting comprehensive coverage of over 20 crore households by March 2017. The GOI also initiated JAM or Jan-Dhan, Aadhaar and Mobile for transferring the government benefits to the beneficiaries directly to overcome the leakages in the system. Over 20 per cent of India’s population received a cash transfer from the government in FY14-15. JAM was involved in distributing benefits across a range of government programs—from education and labour schemes (scholarships and MGNREGS) to subsidies and pensions (NSAP). Almost 1.2 billion bank accounts, when linked with 900 million mobile phones and about 1 billion Aadhaar numbers, would effectively ensure the subsidies reach only those who actually need them. So far, about Rs.170 billion (Rs.17000 crore) of subsidy has been saved on cooking gas alone through JAM initiative. The Union Government is now making efforts to link JAM to the supply of fertilizers to farmers & many other schemes to follow.
Keywords
Financial Inclusion, Banks, Jan Dhan Yojana, Aadhaar, Mobile, Direct Benefit Transfer, No Frills Account and Jan Suraksha.
References
- http://www.thehindu.com
- http://www.allbankingsolutions.com
- http://www.nelito.com
- www.sbi.co.in
- http://www.icicibank.com
- www.hdfcbank.co.in
- https://www.pnbindia.in
- www.bankofbaroda.co.in
- www.unionbankofindia.co.in
- www.bankofindia.co.in
- https://www.yesbank.in
- www.idbi.com
- http://www.thehindubusinessline.com
- http://inclusionhub.mastercardcenter.org
- http://www.livemint.com
- http://pmjdy.gov.in/account
- Economic Survey 2015-16
- A Study of Factors Influencing the Selection of Specialization by MBA Students with Reference to B-Schools in Tier 2 and 3 Cities
Authors
1 Professor, KLS-IMER, Belgaum, IN
2 Assistant Professor, KLS-IMER, Belgaum, IN
Source
Jaipuria International Journal of Management Research, Vol 6, No 2 (2020), Pagination: 3-11Abstract
MBA program is a highly sought after course because it focuses on developing both the hard skills and soft skills which are essential to make a successful career. In most of the institutes, the first two semesters of an MBA program are crucial as there are courses covering all functional areas of management which will help the students in understanding the basics of management streams. Choosing the specialization from the areas such as marketing, finance, human resources, information technology, operations management, international business, business analytics, etc. is a crucial decision which needs tobe taken with a lot of due diligence. It has been observed that the students pursuing MBA course in tier 2 & 3 cites choose specialization mainly based on the advice of their senior friends in the institute and specialization wise past placement records. But there are many other factors which are influential in selecting specialization like the personal interest of the respondents, basic graduation, current market trends, family business, etc. The study reveals that institutes should have a mechanism to assess the students' interest and compatibility by conducting psychometric and personality test, counselling of students to be done with regard to specialization so that they make an informed decision.Keywords
Career Objectives, Domain Preferred, Finance, Marketing, Human Resources, Work Experience, Specialization.References
- International Journal of Recent Technology and Engineering (IJRTE). (2019, November). 8(3), 53 (ISSN: 2277-3878).
- International Journal for Research in Engineering Application & Management (IJREAM). (2019, Feb). (ISSN : 2454 9150). 4(11),
- Paradigm. (2015, December). 15(2), 170-183.
- Procedia Economics and Finance (2014). 15, 894-902.
- https://www.bmu.edu.in/social/how-to-choose-an-mba-specialization/
- https://www.upgrad.com/blog/which-mba-specialization-should-i-choose/