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Oct 16, 2015
RBI formed Financial Inclusion Fund with Rs. 2000 crore corpus
Reserve Bank of India (RBI) has established Financial Inclusion Fund (FIF) with Rs. 2000 crore corpus expanding reach of banking services.
This fund will support the developmental and promotional activities covered under the financial inclusion initiatives.
Key facts
- FIF has been established as a single entity (fund) by merging Financial Inclusion Fund (FIF) and Financial Inclusion Technology Fund (FITF).
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