Goa tops chart in financial inclusion: Survey - Elets BFSI
  • Home
  • Latest Posting
    • Government Reforms
      • DBT
      • Aadhaar
      • GST
    • Payments
      • Payment Gateways
      • ATM
      • Point of Sale
      • Payment Wallets
      • Fintech Apps
    • Banks
      • Public Sector
      • Private Sector
      • Cooperative
    • NBFCs
    • Year Ender
    • Interview
    • Articles
  • Magazines
    • Latest Magazines
    • Magazine Subscription
  • Newsletter
    • Newsletters Archive
  • Events
  • Webinars
  • Video Series
    • Innovation Talk
    • Fintech Dialogue
  • Advertise with us
  • Upcoming Initiatives
  • Contact Us
Search
  • About Us
  • Advertise With Us
  • Write For Us
  • Magazine Subscription
  • Conference Reports
  • Privacy Policy
  • Contact Us
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
Elets BFSI
  • Home
  • Latest Posting
    • Government Reforms
      • DBT
      • Aadhaar
      • GST
    • Payments
      • Payment Gateways
      • ATM
      • Point of Sale
      • Payment Wallets
      • Fintech Apps
    • Banks
      • Public Sector
      • Private Sector
      • Cooperative
    • NBFCs
    • Year Ender
    • Interview
    • Articles
  • Magazines
    • Latest Magazines
    • Magazine Subscription
  • Newsletter
    • Newsletters Archive
  • Events
  • Webinars
  • Video Series
    • Innovation Talk
    • Fintech Dialogue
  • Advertise with us
  • Upcoming Initiatives
  • Contact Us
Home Establishment m-Banking Goa tops chart in financial inclusion: Survey
  • Establishment
  • m-Banking

Goa tops chart in financial inclusion: Survey

By
BFSI Network
-
September 4, 2014
Facebook
Twitter
WhatsApp
Linkedin

    Untitledqqq

    The Pradhan Mantri Jan Dhan Yojana (PMJDY) will find going tough in PM Narendra Modi’s home state Gujarat, according to a survey done by the InterMedia India, a Washington-based consulting firm, funded by the Bill and Melinda Gates Foundation.

    The survey indicated that Gujarat, along with other states like Bihar, Orissa and the North Eastern states, is considerably behind in owning a bank or a mobile money account. It also lags in the percentage of adults below poverty line holding accounts, with only 13 percent having active digital accounts and eight percent of rural women owning active accounts.

    On the overall ranking on percentage of adults who accessed a bank account ever , the North Eastern states and Orissa lag the most with 30 and 33 percent, respectively.

    Gujarat stands out of the top 10 states, with 45 percent of the adults in the sample having a bank account. Bihar, Rajasthan, Madhya Pradesh, Chhattisgarh, Jharkhand and West Bengal also come in the bottom half. Uttar Pradesh, however, figures in the top 10 on this indicator.

    Goa has been the top performer in financial inclusion across almost all parameters in the survey. States such as Tamil Nadu, Himachal Pradesh, Kerala, Maharashtra, Karnataka and Andhra Pradesh have done significantly in terms of enrolling more people into the formal banking system.

    Bankers, however, seem upbeat about the Jan Dhan Yojana. As against covering villages with population of over 2,000 in previous initiatives, the new scheme focusses on covering households across the country, said a top bank official.

    While there is a big gap in the states’ performance on financial inclusion, a senior finance ministry official said, “The new scheme has been structured to provide incentive and while it will help bridge the gap between states it will push overall financial inclusion especially to those in the lowest strata.”

    The InterMedia survey, done with a sample size of 45,024 individuals aged above 15, was conducted over the four-month period between October 2013 and January 2014.

    While the survey also tracked the success of government’s direct benefit transfer (DBT) schemes, the survey found that 35 percent of all beneficiaries receive direct payment, whereas a high percentage almost 45 percent have to personally collect the money.

    In several cases individuals have to even resort to bribing in order to get their payments. Almost 13 percent (nationally) admitted that they have to pay bribe for getting their payments. Karnataka and Kerala top the list of states where most instances of bribing have been noticed. The percentage of respondents that paid bribe stood at 32 percent for Karnataka and 25 percent for Kerala.

    "Exciting news! Elets technomedia is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest insights!" Click here!

    Elets The Banking and Finance Post Magazine has carved out a niche for itself in the crowded market with exclusive & unique content. Get in-depth insights on trend-setting innovations & transformation in the BFSI sector. Best offers for Print + Digital issues! Subscribe here➔ www.eletsonline.com/subscription/

    Get a chance to meet the Who's who of the Banking & Finance industry. Join Us for Upcoming Events and explore business opportunities. Like us on Facebook, connect with us on LinkedIn and follow us on Twitter, Instagram & Pinterest.

    • TAGS
    • InterMedia
    • mobile money account
    • PMJDY
    • Pradhan Mantri Jan Dhan Yojana
    • Prime Minister Narendra Modi
    Facebook
    Twitter
    WhatsApp
    Linkedin
      Previous articleBanks to become fully Aadhaar-enabled in Sep
      Next articleFinancial sector to spend Rs 469 bn on IT in 2014: Gartner
      BFSI Network

      RELATED ARTICLESMORE FROM AUTHOR

      Union Budget 2025

      Union Budget 2025-26 Expectations: Key Anticipations Across BFSI Sector as FM Nirmala Sitharaman Prepares to Present Budget

      Shaktikanta Das

      RBI Governor Shaktikanta Das Receives A+ Rating for the Second Consecutive Year

      Union Budget 2024-25

      Union Budget 2024-25: Outlines Ambitious Initiatives Across Various Sectors

      Nirmala-Sitharaman

      Nirmala Sitharaman Takes Helm as Finance Minister Again, Steering India’s Economic Growth

      Manipal Business Solutions

      Manipal Business Solutions Recognized as a Winner at Swanari Techsprint 2022

      PM Narendra Modi unveils Rs 125 coin

      PM Narendra Modi unveils Rs 125 coin, dedicates it to ISKCON founder on his 125th birth anniversary

      Popular

      NBFCs Ranking

      India’s Top 50 NBFCs Ranking 2017

      October 17, 2017
      SBI

      SBI Recruitment 2019: Apply for Specialist Officers

      May 27, 2019
      NBFC in India 2020

      India’s Top 50 NBFCs’ Ranking 2020

      July 17, 2020
      Forbes

      Forbes releases ‘The World’s Best Banks 2019’, ten Indian banks in...

      March 6, 2019

      Small Finance Banks: Transforming Banking in India

      February 27, 2017
      Airtel

      Airtel partners HPCL for e-payments in Telangana, Andhra

      October 17, 2017
      Demonetisation

      Demonetisation – A Defining Moment For India

      March 4, 2017

      Govt deactivates 11 lakh PAN: Find out how to check your...

      August 8, 2017
       

      For Latest Updates

      Sign in into your account

      For continuing, Please agree our Terms & Conditions and acknowledge our Privacy Policy. This same account can be used across all Elets News portals.

      whatsapp--v1 JOIN US
      whatsapp--v1
      The Banking & Finance Post, a bi-monthly magazine published by Elets Technomedia Pvt Ltd, prides itself in spotting and highlighting key trends in the BFSI sector.
      Top Category
      • News5814
      • Article1036
      • Banks679
      • Interview607
      • Press Release358
      • Magazine285
      Latest Updates
       
       

      RSS Elets BFSI

      • Heph partners with Capri Global to transform embedded insurance in lending
      • State Bank of India strengthens leadership with key senior management appointments
      • Deutsche Bank names Stefan Schaffer CEO of India Global Capability Centre (GCC)
      • Aditya Birla Capital Strengthens ABHFL with Rs 249 Crore Investment
      • PayU Strengthens Board with Three New Appointments

      Advertise with Us
       
       

      Advertising with The Banking & Finance Post, a unique opportunity to reach a huge global audience in the BFSI domain, we assure to present your brand’s message in a bigger and more beautiful way than any other platform.

      Get a quote

      Elets Upcoming Conferences
       
       

      9th Elets BFSI CXO Summit & Awards, Mumbai
      World Fintech Summit 2025 | Fintech Fest Bangalore
      Contact Us
       
       
       
      Elets Technomedia Pvt. Ltd.

      India Office: Stellar IT Park, Office No. 7A/7B, 5th Floor, Tower – 2 Annexe Building, C-25, Sector – 62, Noida, Uttar Pradesh – 201309, India
      Dubai Address: HD06C , 1st Floor, Dubai Internet city , Dubai

      • About Us
      • Advertise With Us
      • Write For Us
      • Magazine Subscription
      • Conference Reports
      • Privacy Policy
      • Contact Us
      © 2024 All rights reserved | Elets Technomedia Pvt Ltd