Financial Inclusion - News and Views - January 2013
The monthly newsletter from the Indicus Centre for Financial Inclusion documents the latest news and views in the financial inclusion space, to provide a knowledge base that will help build understanding around how to accelerate the poor’s access to high-quality financial services.
This month we focus on the Indian government’s recent announcement to fast track direct cash transfers through Aadhaar-linked bank accounts. This move can have profound implications for expanding financial inclusion in India. The lead stories include a) two articles that bring out the link between the direct cash transfer scheme and financial inclusion and b) a research study by Zimmerman, Ravi and Tosh of the New America Foundation that looks at global experiences in creating financially-inclusive G2P models.
From Protection to Investment: Understanding the Global Shift to Financially-Inclusive Social Protection Payment Systems
This paper by Jamie M. Zimmerman, Anjana Ravi and Nicole Tosh provides an overview and initial assessment of the largest and most detailed global data set on financially-inclusive G2P models. It also offers a preliminary analysis of opportunities, challenges and recommendations to enable and encourage asset building among cash-transfer recipients.
Section I: Policy – the latest from India’s policymakers