IT Led Financial Inclusion in India
[This article was published in the June 2008 issue of the eGov Magazine (http://www.egovonline.net) ]
Financial Inclusion is a very important initiative for the sustainable growth of a country.
Tags: ATM, Bank, Bank Accounts, Banking, Central Bank of Sri Lanka, Central Government, Centre for Women, communication network, Finance Minister, Financial Services, Government of India, GUI, ICICI Bank, India, Internet Banking, Kenya, Latin America, Microwave, Mobile Banking, mobile-based banking, National Bank, pilot, postal network, private sector banks, Ranee Jayamaha, real time basis, Reserve Bank of India, Sri Lanka, suitable products, technology adoption, USD, Usha Thorat, V.Leeladhar, wireless service, World Bank
In Fact
[This article was published in the April 2008 issue of the eGov Magazine (http://www.egovonline.net) ]
The use of ICT is inevitable to improve the usage of existing branch infrastructure to expand its the outreach of the formal financial system to the rural poor. The following are some initiatives towards achieving financial inclusion:
UP (India) begins e-scholarship for timely payment
The Uttar Pradesh Government (India) has implemented an e-Scholarship programme to ensure timely payment of scholarship to more than 2 crore students.
Online water bill payment in Hyderabad, India
The Hyderabad Metro Water Supply and Sewerage Board are introducing electronic bill payment of water in the Tamil Nadu, India.
Panchayati Raj Ministry develops software to transfer funds through electronic banking
The Union Panchayati Raj Ministry has developed software to maintain database of bank accounts of all Panchayati Raj Institutions (PRIs) to transfer the funds through electronic banking channels. Once the data is entered, the money would be transferred directly to the2,40,000 PRIs from the State’s Consolidate Fund.
ICT In Public Information System
[This article was published in the September 2006 issue of the eGov Magazine (http://www.egovonline.net) ]
Telemedicine has been touted as a significant enabler and facilitator of universal healthcare.
Micro Finance Institutions (MFIs)
[This article was published in the May 2006 issue of the eGov Magazine (http://www.egovonline.net) ]
The solution lies with new delivery channels that make innovative use of ICTs to inexpensively process a large volume of small transactions and deliver a wide range of financial services
