New Delhi: The National Bank for Agriculture and Rural Development (Nabard) has started a survey of primarily 40,000 households to study the impact of financial inclusion on livelihoods. “The whole idea is to have more timely data on the impact of the steps being taken to promote financial inclusion. The survey is being undertaken post Jan Dhan (opening of no-frills bank accounts in a mission mode) and post demonetisation. Rather than financial literacy, focus will be to gauge the impact on livelihoods from the government’s initiatives on the financial inclusion and social security front, Bhanwala said. But this kind of survey will deduce if financial inclusion has helped create the credit history of an individual as well as how have the business correspondents performed,” he said.

Source: Mint February 12, 2017 19:56 UTC