GS3 › Money, Banking and Monetary Policy

Revision note: Financial Inclusion and Digital Payments

  • Rangarajan Committee 2008 definition; PSL 40% (agriculture 18%); Lead Bank Scheme 1969; BC model 2006
  • PMJDY Aug 2014 (55 crore+ accounts by 2025); JAM → DBT; PMJJBY/PMSBY/APY 2015; MUDRA 2015; Stand-Up India 2016; SVANidhi 2020
  • RBI FI-Index 2021 (access, usage, quality) ~67 in Mar 2025
  • NPCI 2008 (Section 8 company, PSS Act 2007): IMPS, RuPay, AePS, UPI 2016; NEFT/RTGS by RBI (24x7)
  • India Stack: Aadhaar, UPI, DigiLocker, Account Aggregator, ONDC; G20 2023 DPI
  • e-Rupee pilot 2022; DPDP Act 2023; digital lending guidelines 2022; Integrated Ombudsman 2021
Revision card summarising Financial Inclusion and Digital Payments
One-page visual summary of the key points to revise.

Source: https://upscprep.in/upsc/gs3/money-banking-and-monetary-policy/financial-inclusion-and-digital-payments/ · UPSCPrep.in

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