Question

Which among the following made the initial contribution for setting up Financial Inclusion Fund and Financial Inclusion Technology Fund? 

A Government of India, NABARD and RBI Correct Answer Incorrect Answer
B NABARD and RBI Correct Answer Incorrect Answer
C RBI and IDRBT Correct Answer Incorrect Answer
D SBI, NABARD and RBI Correct Answer Incorrect Answer
E SIDBI, NABARD and RBI Correct Answer Incorrect Answer

Solution

The objectives of the FIF shall be to support developmental and promotional activities for securing greater financial inclusion, particularly among weaker sections, low income groups and in backward regions/hitherto unbanked areas. The objectives of FITF were to enhance investment in Information Communication Technology (ICT) aimed at promoting financial inclusion.

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