Mizoram Pioneers Property Card Distribution in Northeast Introduction: Mizoram’s Groundbreaking Initiative Mizoram has achieved a significant milestone by becoming the first state in the northeastern region to launch the distribution of property cards under the central government’s SVAMITVA scheme. The launch of this scheme has brought the state into the spotlight as it strives to…
Bajaj Finance & Bharti Airtel Unveil Digital Finance Platform Introduction: A New Era in Digital Finance Bajaj Finance and Bharti Airtel have joined forces to launch a groundbreaking digital finance platform, aimed at revolutionizing the financial services industry. The collaboration between these two industry giants seeks to make digital financial solutions accessible to millions of…
PM Distributes 6.5 Million SVAMITVA Property Cards Introduction to the SVAMITVA Scheme On January 20, 2025, Prime Minister Narendra Modi distributed over 6.5 million property cards to rural families under the SVAMITVA (Survey of Villages and Mapping with Improvised Technology in Village Areas) scheme. This move aims to provide legal recognition and property ownership documentation…
Justice B.N. Srikrishna to Lead Advisory Board of Equal and OneMoney Introduction to the Appointment of Justice B.N. Srikrishna Justice B.N. Srikrishna, a former judge of the Supreme Court of India, has been appointed to lead the advisory board of Equal and OneMoney, two fintech ventures focused on revolutionizing financial services in India. The announcement…
The Growth of India’s Microfinance Sector (2100% in 12 Years) Introduction: India’s Booming Microfinance Sector Over the last 12 years, India’s microfinance sector has experienced remarkable growth, surging by an astonishing 2100%. This growth has been driven by increasing demand for small loans from individuals who are otherwise excluded from traditional banking services. The microfinance…
EPFO’s Centralized Pension System: A Step Towards Simplified Pension Disbursement Introduction to EPFO’s Centralized Pension System The Employees’ Provident Fund Organisation (EPFO) has introduced a Centralized Pension System to streamline the disbursement of pension benefits to its beneficiaries. This new system is expected to reduce the burden on regional offices and create a smoother, more…
BharatPe to Sell 25% Stake in Unity Small Finance Bank Introduction: BharatPe’s Strategic Move to Sell Stake in Unity Small Finance Bank BharatPe, one of India’s prominent fintech companies, has announced plans to sell a 25% stake in Unity Small Finance Bank. This move comes as part of the company’s broader strategic decision to streamline…
Trend and Progress of Banking in India 2023-24: An Overview The Reserve Bank of India (RBI) recently released its annual report on the Trend and Progress of Banking in India 2023-24, shedding light on various aspects of the country’s banking system and its performance in the fiscal year. The report evaluates the growth and development…
RBI Allows UPI Payments via Third-Party Apps for PPI Holders The Reserve Bank of India (RBI) has made a significant move by permitting Unified Payments Interface (UPI) payments via third-party applications for Prepaid Payment Instrument (PPI) holders. This initiative aims to enhance the ease of digital transactions and promote financial inclusion by expanding the scope…
SBI Card Surpasses 20 Million Credit Cards Milestone Introduction to the AchievementState Bank of India (SBI) Card, a prominent player in India’s credit card market, has achieved a significant milestone by surpassing the 20 million mark in credit cards issued. This achievement places SBI Card among the leaders in the Indian credit card industry, solidifying…
