Committee on Medium-term Path on Financial Inclusion
Committee on Medium-term Path on Financial Inclusion is an experts committee formed by the Reserve Bank of India (RBI) on 15 July 2015 to create a five-year plan for financial inclusion in India. It is headed by Deepak Mohanty, executive director of RBI. It is expected to submit its report within four months.[1]
Members[edit]
The committee was head by Deepak Mohanty. Other members of the committee were: [2]
- Ashok Gulati, Infosys Chair Professor for Agriculture, Indian Council for Research on International Economic Relations (ICRIER)
- Asli Demirgüç-Kunt, director of research, The World Bank
- A. P. Hota, MD & CEO, National Payments Corporation of India
- Paresh Sukthankar, deputy managing director, HDFC Bank
- Kishor P. Kharat, executive director, Union Bank of India
- Subrata Gupta, chief general manager, National Bank for Agriculture and Rural Development
- Pawan Bakhshi, head – Financial Services for the poor programme in India, Bill and Melinda Gates Foundation
- Sudarshan Sen, principal chief general manager, Department of Banking Regulation, Reserve Bank of India
- Arun Pasricha, chief general manager, Consumer Education and Protection Department, Reserve Bank of India
- Nanda S. Dave, chief general manager, Department of Payment and Settlement Systems, Reserve Bank of India
- Y. K. Gupta, director, Department of Statistics and Information Management, Reserve Bank of India
- Saibal Ghosh, deputy adviser, research, Centre for Advanced Financial Research and Learning (CAFRAL)
Objective[edit]
The objective of the committee is to examine the existing policy regarding financial inclusion and the form a five-year action plan.[3][4] The plan will have several components with regard to payments, deposits, credit, social security transfers, pension and insurance. Each component will be made monitor-able with milestones to track the progress of the plan.[4]
See also[edit]
- Raghuram Rajan Committee on Financial Sector Reforms
- Committee on Comprehensive Financial Services for Small Businesses and Low Income Households
References[edit]
- ^ "RBI sets up panel on financial inclusion". The Hindu. 15 July 2015. Retrieved 21 July 2015.
- ^ "RBI constitutes a Committee on Medium-term Path on Financial Inclusion (Press release)". Reserve Bank of India. 15 July 2015. Retrieved 21 July 2015.
- ^ "RBI sets up committee to work out medium-term path on financial inclusion". Live Mint. 15 July 2015. Retrieved 21 July 2015.
- ^ a b "RBI panel to push financial inclusion". The Hindu Business Line. 15 July 2015. Retrieved 21 July 2015.