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Small Industries Development Bank of India Launches Second Window of Swavalamban Challenge Fund

The initiative aims to provide financial support to non-profit organizations, educational institutions, or social startups for addressing developmental gaps.

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India Now Ahead of China in Financial Inclusion Metrics: SBI Report

The report states that financial inclusion policies have a multiplier effect on economic growth.

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Outlook for Non-Banks and Housing Financiers Shifts to "Improving" From "Stable"

The credit rating agency opined that adequate system liquidity, along with sufficient capital buffers, provides enough cushion to navigate the challenges from a subdued operating environment.

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IEIN Seeking Collaborators to Establish Market Linkages for Self-Help Groups

The aim of the project is to support SHGs by providing them with business training, production skills and marketing information to empower rural women to adopt non-agricultural means of earning a sustainable livelihood.

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India: Visa to Enable Deeper Financial Inclusion With Offline Payments

The company has announced that it is driving a proof-of-concept in the country which will allow people to make payments in places with low or no internet connectivity.

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Reserve Bank Launches Index to Capture Financial Inclusion

The Financial Inclusion Index has been conceptualized as a comprehensive index incorporating details of banking, investments, insurance, postal, and the pension sector in consultation with government and respective sectoral regulators.

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India: Fintech Firms Set for IPOs but Face Challenges

India’s fintech sector is set for landmark Initial Public Offerings (IPOs) in the next five months as at least three startups – Paytm, Mobikwik, Policybazaar – are likely to raise up to $3.7 billion through public offers.

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Symbiotics Launches First 100% Agricultural Green Bond in India with Samunnati

Symbiotics has arranged with Samunnati Financial Intermediation & Services Private Limited (“Samunnati”) its first Green Bond whereby the proceeds of $4.6 million in local currency equivalent are fully allocated towards climate smart agriculture.

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COVID-19 Second Wave Takes a Toll on Digital Payments

Digital payment transactions have fallen sharply between April and May after sustaining a rising trend till March, hit by the second wave of COVID-19 pandemic in India.