Which of the following committees is related to Financial Inclusion?a)Reddy Committeeb)Bimal Jalan Committeec)Rangarajan Committeed)Y H Malegam Committeee)PJ Nayak CommitteeCorrect answer is option 'C'. Can you explain this answer?

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Which of the following committees is related to Financial Inclusion?

a)
Reddy Committee
b)
Bimal Jalan Committee
c)
Rangarajan Committee
d)
Y H Malegam Committee
e)
PJ Nayak Committee

Correct answer is option 'C'. Can you explain this answer?

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Which of the following committees is related to Financial Inclusion?a)...

Government of India had set up a committee in 2006 whose chairman was Dr. C. Rangarajan to study the pattern of exclusion from access to financial services throughout the region, gender, and occupational mechanism and to identify the barriers confronted by vulnerable individuals in accessing credit and financial services and suggest the steps required for financial inclusion. The committee submitted its report in January 2008.
According to the committee, Financial inclusion may be defined as the process of ensuring access to financial services and timely and adequate credit where needed by vulnerable groups like weaker sections and groups with low income at an affordable cost.

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Which of the following committees is related to Financial Inclusion?a)Reddy Committeeb)Bimal Jalan Committeec)Rangarajan Committeed)Y H Malegam Committeee)PJ Nayak CommitteeCorrect answer is option 'C'. Can you explain this answer?

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