Do it yourself

The National Sample Survey Organization (NSSO) released results of the   Comprehensive Annual Modular Survey 2022-2023   a few weeks ago. The survey made many interesting findings. Some of the key findings could be listed as follows: Primary school enrollments:  Among persons of age group 6 to 10 years, about 90.5% in rural areas and 89.2% in urban areas are currently enrolled in primary education. 25% of rural children and 20% of urban children who never enrolled in school, did it because they were not interested in studies. Another major reason for non-enrollment was “parents not interested in sending them to school”. Among persons aged 15-24 years, around 97.8% of males and 95.9% of females are able to read and write short simple statements in their everyday life with understanding and are also able to perform simple arithmetic calculations. Secondary education:  In urban areas, only 56.6% persons of age 25 years and above have some secondary education. Whereas, i...

The following are the key highlights of the approach paper issued by RBI on National Strategy for Financial Inclusion 2019-2014. Introduction Financial inclusion is increasingly being recognized as a key driver of economic growth and poverty alleviation the world over. Access to formal finance can boost job creation, reduce vulnerability to economic shocks and increase investments in human capital. There has been a growing evidence on how financial inclusion has a multiplier effect in boosting overall economic output, reducing poverty and income inequality at the national level. Financial inclusion of women is particularly important for gender equality and women’s economic empowerment. Definition In Indian context the financial inclusion has been defined as “the process of ensuring access to financial services, timely and adequate credit for vulnerable groups such as weaker sections and low-income groups at an affordable cost”. Vision ...