RBI released Mohanty Panel Report on financial inclusion
Q. RBI released which report on the medium term path for financial inclusion on 28th December 2015?- Published on 29 Dec 15a. Kelkar Panel Report
b. Mohanty Panel Report
c. Shah Panel Report
d. None of the above
ANSWER: Mohanty Panel Report
RBI on 28th December 2015 released the Mohanty Panel Report on medium term path for financial inclusion. Financial inclusion is aimed at delivering financial serves at affordable cost to disadvantaged and low income segments of society. The key aim is to improve the credit system for the underprivileged and focus on poorer agricultural households to ensure shift of credit demand from informal to formal sector. As per the report, banks have to make special efforts for opening up accounts for women and girls and a unique biometric identifier such as Aadhaar will be linked to every individual credit account. The report also stressed on improving last mile service delivery.
