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A Handbook on SHG - Bank Linkage
Evolution of Financial Inclusion 1.4 The objective of financial inclusion is to extend the scope of the organized financial system to include within its ambit, people with low incomes. It is a process of ensuring access of the poor to appropriate financial products and services at affordable cost. Based on NSSO data, the Rangarajan
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Recent Developments in India’s Mutual Fund Industry*
rbidocs.rbi.org.inpublic sector financial companies as MFs, beginning with the establishment of State Bank of India (SBI) MF in 1987. Several other public sector banks, the Life Insurance Corporation of India (LIC) and the General Insurance Corporation of India (GIC) also set up their MFs and the industry’s AUM reached `470.0 billion by end-1993.