FINANCIAL INCLUSION

Paper Code: 
SBFS 401
Credits: 
4
Contact Hours: 
60.00
Max. Marks: 
100.00
Objective: 

The course will enable the students to familiarize themselves with the financial inclusion concepts, objectives, challenges, evolution, strategies, priority sector financing, microfinance models, rural credit, and key schemes like PMJDY and APY, including RBI measures.

Course Outcomes: 

 

 

Course

 

 

Learning outcome (at course level)

Learning  and Teaching Strategies

Assessment Strategies

Course Code

 

 

Course Title

 

 

 

 

 

 

 

 

 

 

 

SBFS 401

24BFS 10124101

Financial Inclusion  (Theory)

 

  1. Critically evaluate the objectives, challenges, and issues of financial inclusion, including moral hazard, adverse selection, high transaction costs, and information asymmetry.
  2. Analyze the effectiveness of financial inclusion aspects such as branch, credit, and deposit penetration, and the impact of Fintech and digital payment systems.
  3. Analyze national and international microfinance models, delivery methodologies, and recent developments in India's microfinance sector.
  4. Critically assess the concept, need, sources, and challenges of rural credit, focusing on institutional and non-institutional credit providers and government programs.
  5. Evaluate key financial inclusion schemes in India, such as PMJDY and APY, and review RBI's measures for enhancing financial inclusion.
  6. Contribute effectively in course-specific interaction

 

Approach in teaching: Blended Learning, Collaborative approach, Interactive Lectures, Discussion, Group Projects, PowerPoint presentation.

   

Learning activities for the students:

Self-learning assignments, Seminar presentations, Case Study Analysis, Brainstorming activities

 

Class tests, CA Test,

Semester end examinations, Quiz,

Evaluation of student Presentations,

 

Evaluation of Individual and group projects,

 

Assessment of Project Reports and viva voce.

 

12.00
Unit I: 
Financial Inclusion

Definition, need, factors affecting financial inclusion, meaning of financial literacy and financial exclusion, challenges to financial inclusion in India.
 Government’s and RBI initiatives for financial inclusion.
• Financial inclusion schemes in India: An overview of Pradhan Mantri Jan Dhan Yojana (PMJDY) ,Atal Pension Yojana (APY),Pradhan Mantri Vaya Vandana Yojana (PMVVY) ,Stand Up India Scheme ,Pradhan Mantri Mudra Yojana (PMMY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), Sukanya Samriddhi Yojana, Jeevan Suraksha Bandhan Yojana, Credit Enhancement Guarantee Scheme (CEGS) for Scheduled Castes (SCs), Venture Capital, Fund for Scheduled Castes under the Social Sector Initiatives, Varishtha Pension Bima Yojana (VPBY).

12.00
Unit II: 
An overview of Banking products and services

An overview of Banking products and services – deposits and advances, KYC norms, Filling of account opening, elementary knowledge of Loan documentation and processing.
Finance life Cycle- Understand concepts of Income, Savings and Consumption, importance of Savings, difference between savings and investments.
Financial Inclusion through Financial Technology and Digital payment system

12.00
Unit III: 
Concept of time value of Money

Concept of time value of Money-Present Value, Future value,
 Relevance of time preference for money, Reasons for changing time value of money, Annuities calculations, Calculations of EMI.
Financial Planning and Advising- Introduction to Financial Planning, Importance, Objectives and Need.

12.00
Unit IV: 
Understanding about Investment Avenues

Understanding about Investment Avenues-Investment objectives, Factors Affecting investment decision, attributes, Identifying different Asset Classes for Investments, Debt, Equities,Real Estate, Mutual Funds, Gold as an Asset Class

12.00
Unit V: 
Risk Profiling

Risk Profiling -Identifying Customers Risk Profile, Asset allocation based on Risk Profile, Portfolio Rebalancing.

Essential Readings: 

• Wayne Winston. , Microsoft Excel 2019 Data Analysis and Business Modeling.
• Dr. N mani, Financial Inclusion in India: Policies and Programme.New Century Publication.
• P.N. Varshney, Banking law and Practice, Sultan chand and Sons, Delhi
• B.S. Khubehandani, Practice and Law of Banking, MacMillian India Limited
• Jain, Khanna, Tiwari, “ Banking and Public Finance” V.K India Enterprises, New Delhi.
• Natarajan S, Parameshwaran R, “ Indian Banking” S.Chand& Company LTD, New Delhi

References: 

Suggested Readings:
• L.M.Srivastava and Divya Nigam- “ Management of Indian Financial Institutions”, Himalaya Publishing House
• Davar S.R., Banking Law & Practice, Vikas Publishing House, Delhi
• ShrivastavaP.K.,Banking Law & Practice, Himalaya Publishing House, Bombay

e-RESOURCES:
• World Ebook Library
• https://courses.lumenlearning.com/boundless-economics/
• https://censusindia.gov.in/
• https://fincomindia.nic.in/
• http://www.niti.gov.in/
• https://finmin.nic.in/
• https://www.rbi.org.in/
JOURNALS:
• FIIB Business Review- http:// sagepub.com
• Vikalpa : http:// sagepub.com
• Directory of Open Access Journals
• Bankquest, Indian Institute of Banking and Finance
• Journal of Money, Credit and Banking

Academic Year: 
2023-2024
  • Printer-friendly version
  • PDF version