The Delhi High Court on Wednesday passed a Judgement and underscored the need for inclusive financial systems, observing that persons with visual impairments continue to face serious barriers in using currency and banking services. While refraining from directing an immediate redesign of notes, the Court stressed that the Reserve Bank of India (RBI) and the…
Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday that loans amounting to Rs 28,996.15 crore have been sanctioned under the Stand-Up India scheme between April 2022 and March 2025. These loans have been extended to Scheduled Caste (SC), Scheduled Tribe (ST), and women entrepreneurs to promote enterprise development among marginalised communities. According to…
Even though more Indians now have access to banks, a large number of low-income families still depend on informal loans, such as from moneylenders or friends, according to a new report by Piramal Enterprises Ltd. The study shows that while bank account ownership has improved, access to formal credit is still out of reach for…