A financial survey of four poor states of India—Odisha, Bihar, Madhya Pradesh and Uttar Pradesh—has revealed that access to formal banking outlets is not as difficult as had been in the past and an increasing number of people are being financially included.
FinMark Trust of South Africa conducted this survey, the first of its kind, titled ‘FinScope Consumer Survey India’. It is part of the Poorest State Inclusive Growth or PSIG programme, implemented by the Small Industries Development Bank of India with the support of the UK’s department for international development. It will be made public on 8 November.
For more on this story visit the following link: Poor people’s access to financial services on the rise in India
Source: Live Mint