https://www.taxtmi.com/news?id=4607 The Reserve Bank advocates a bank-led approach to financial inclusion of the urban poor, leveraging technology, Business Correspondents and NGO partnerships to provide appropriate savings, credit, remittance and insurance products. Key barriers-irregular incomes, migratory status, inadequate KYC, financial illiteracy and preference for flexible informal credit-require cluster based product design, JLGs, Aadhaar enabled KYC and coordinated account opening and literacy campaigns. Bundled interventions like the Rickshaw Sangh programme-combining asset finance, NGO guarantees, permits, insurance and post loan handholding-are cited as replicable models to enhance creditworthiness and livelihood sustainability. en-us Wed, 30 Jan 2013 12:20:37 +0530 Wed, 30 Jan 2013 12:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=4607 The Reserve Bank advocates a bank-led approach to financial inclusion of the urban poor, leveraging technology, Business Correspondents and NGO partnerships to provide appropriate savings, credit, remittance and insurance products. Key barriers-irregular incomes, migratory status, inadequate KYC, financial illiteracy and preference for flexible informal credit-require cluster based product design, JLGs, Aadhaar enabled KYC and coordinated account opening and literacy campaigns. Bundled interventions like the Rickshaw Sangh programme-combining asset finance, NGO guarantees, permits, insurance and post loan handholding-are cited as replicable models to enhance creditworthiness and livelihood sustainability. News - Wed, 30 Jan 2013 12:20:37 +0530 https://www.taxtmi.com/news?id=4607