India’s poor have bank accounts but are increasingly going to money lenders for loans, data shows

India’s poor have bank accounts but are increasingly going to money lenders for loans, data shows

File picture used for representation only. | Photo Credit: The Hindu While the financial inclusion programme of the Union government has meant that around 96% of the population has access to a bank account, the latest data and analysis on the sector show that a vast part of India’s poor and low-income households are increasingly […]

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