ESAF Small Finance Bank has bagged the prestigious Inclusive Finance India Awards 2022 for its contributions in advancing the goal of financial inclusion and supporting inclusive growth. This award is a recognition of ESAF’s unique spectrum of Financial Inclusion projects ESAF Dhansree, ESAF Udyog Jyothi, LSEDP (Local Sustainable Economic Development Project), ESAF Balajyothi, ESAF Vayojyothi, and ESAF Garshom.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
The Inclusive Finance India Awards initiative aims to celebrate and encourage deserving institutions to continue to enhance outreach to the poor by way of motivating management and staff through recognition of their painstaking efforts and enhancing the credibility of the institution, thereby making it more attractive for funding.
Financial inclusion is defined as the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and services. These include banking, loan, equity, and insurance products. Financial inclusion efforts typically target those who are unbanked and underbanked, and directs sustainable financial services to them. Financial inclusion is understood to go beyond merely opening a bank account. It is possible for banked individuals to be excluded from financial services. Having more inclusive financial systems has been linked to stronger and more sustainable economic growth and development and thus achieving financial inclusion has become a priority for many countries across the globe.
Important Takeaway For All Exam:-
Bharti Enterprises, led by Sunil Bharti Mittal, divested 38.50 lakh shares of ICICI Lombard General…
Arkansas, with its breathtaking natural beauty, clear lakes, abundant wildlife, and diverse ecosystems, has earned…
YES BANK, a leading private sector bank in India, is collaborating with EBANX, a global…
In a testament to India's sustained economic growth, Mumbai and Delhi have debuted in the…
The Reserve Bank of India recently conducted a buyback of government securities (G-Secs), receiving offers…
In the intricate web of global trade and industrialization, bauxite stands as a cornerstone mineral,…