Nabard
home Home » 
About Us





banner
Financial Inclusion Department
 
Information required to be published under Section 4 (1) (b) of the RTI Act

Sr.No. Particulars Information
(i) Particulars of its organisation, functions and duties

Financial Inclusion  Department
NABARD, Head Office, Mumbai
Tel.:022-2653 0057
Fax:022-26530098
e-mail: fid@nabard.org

To address the issues of financial inclusion, the Government of India constituted a “Committee on Financial Inclusion” under the Chairmanship of Dr. C. Rangarajan. The committee defined Financial Inclusion as "the process of ensuring access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections and low income groups at an affordable cost.”  Based on the recommendations of the Committee, two funds, the Financial Inclusion Fund (FIF) and the Financial Inclusion Technology Fund (FITF) have beenestablished with NABARD, which is the coordinating agency of Financial Inclusion initiatives with Financial Inclusion Department (FID) as the nodal department.

Functions and duties :

  • The core activities of the Department are to carry forward the agenda of financial inclusion of the excluded population at the national level as per the framework described by the Report of the Committee on Financial Inclusion in general and operationalising the Financial Inclusion Fund (FIF) and Financial Inclusion Technology Fund (FITF), in particular. The implementation is under the guidance of two Advisory Boards set up for FIF and FITF respectively. The Prioritized activities / institutions for support from both FIF & FITF are available at the following URL :
https://www.nabard.org/english/FinancialInclusion1.aspx
(ii) The powers and duties of its officers and employees Duties and powers to be exercised are as per NABARD Staff Rules, 1982. Financial sanctions pertaining to the Funds, are based on parameters & laid out instructions under “Delegation of Powers under Financial Inclusion Fund (FIF) and Financial Inclusion Technology Fund (FITF)”. Sanctions under Administrative expenditure as per instructions laid down under NABARD Expenditure Rules, 2008 available at the URL :

https://www.nabard.org/pdf/NABARD_Expenditure_Rule_2008_Eng.pdf
  Next    
 
 
 
 
 
 
 
What's New
Start | Stop               Archives
Adaptation Fund Board endorses
three project concepts submitted by NABARD
------------------------------------------
Chairman Releases NABARD Rural Pulse

------------------------------------------
Annual Report 2012-13

------------------------------------------
-