Tag: Financial Lives of Poor Households

As part of our blog series on the recently held Spark sessions, in this post we cover a talk by Vishnu Prasad & Rachit Khaitan on their recently released research paper “How much can asset portfolios of rural households benefit from formal financial services?”

This post is the third in a series on Social Security for the Indian Unorganised Sector.

Simon Kuznets’ seminal 1955 study on income inequality is famous for the inverted ‘U’ hypothesis1 which posits that as an economy develops, inequality first increases and then decreases if a certain level of income is achieved.

This post is the second in a series on Social Security for the Indian Unorganised Sector.

Imagine you are a labourer in a village in Odisha and have painstakingly completed your Aadhaar formalities (for which you gave a proof of permanent address and your fingerprints).

Customers attempting to open a savings bank account in a scheduled commercial bank will no longer require to furnish proof of current address if the customer is staying at a location that does not correspond with that of his or her permanent address.

Imagine you are a labourer in a village in Odisha and have painstakingly completed your Aadhaar formalities (for which you gave a proof of permanent address and your fingerprints).

This post is the first in a series on Social Security for the Indian Unorganised Sector.

Financial inclusion and financial deepening have an important role to play in promoting economic growth and reducing poverty and inequality, while mitigating systemic risk and maintaining financial stability.

The development of
critical complementary
infrastructure for customer
data