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Which among the following administers the Financial Inclusion Fund floated by the Reserve Bank of India?
  • a)
    RBI
  • b)
    NABARD
  • c)
    Government of India
  • d)
    State Governments
  • e)
    None of the above
Correct answer is option 'C'. Can you explain this answer?
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Most Upvoted Answer
Which among the following administers the Financial Inclusion Fund flo...
Financial Inclusion Fund
Financial Inclusion Fund was floated by the Reserve Bank of India to promote financial inclusion initiatives in the country. It aims to provide financial services to the unbanked and underbanked population.

Administration of Financial Inclusion Fund
- Government of India: The Financial Inclusion Fund is administered by the Government of India. It oversees the allocation and utilization of funds for various financial inclusion programs.
- Role of RBI: While the Reserve Bank of India initiated the fund, it is not directly involved in the administration of the Financial Inclusion Fund. The RBI sets the guidelines and policies for the fund's operation.
- Key Functions: The Government of India ensures that the Financial Inclusion Fund is utilized effectively for expanding banking services, promoting financial literacy, and enhancing access to credit for marginalized sections of society.
- Monitoring and Evaluation: The administration of the Financial Inclusion Fund involves monitoring the progress of financial inclusion initiatives, evaluating the impact of interventions, and making necessary adjustments to achieve the desired outcomes.
- Collaboration with Stakeholders: The Government of India collaborates with various stakeholders, including banks, non-banking financial institutions, and microfinance institutions, to implement financial inclusion projects funded by the Financial Inclusion Fund.
In conclusion, the Financial Inclusion Fund floated by the Reserve Bank of India is administered by the Government of India, which plays a crucial role in promoting financial inclusion and ensuring the effective utilization of funds for inclusive growth.
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Which among the following administers the Financial Inclusion Fund flo...
The Financial Inclusion Fund was established by RBI in 2016 after merging the earlier FIF and Financial Inclusion Technology Fund. The initial corpus of the fund was Rs 2000 crores and it is maintained by NABARD. The fund is administered by the Government of India. The main objective of this fund is to ensure financial inclusion in the country by creating awareness regarding the same.
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Which among the following administers the Financial Inclusion Fund floated by the Reserve Bank of India?a)RBIb)NABARDc)Government of Indiad)State Governmentse)None of the aboveCorrect answer is option 'C'. Can you explain this answer?
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