Government Strengthens Financial Inclusion Ecosystem Through Flagship Schemes

• National Mission for Financial Inclusion (NMFI) — umbrella of bank-account, insurance, pension and micro-credit schemes launched since 2014 by the Ministry of Finance, Department of Financial Services (DFS).
• Built on three pillars: banking the unbanked, securing the unsecured, funding the unfunded.
• Examinable for Prelims (scheme parameters) and Mains GS-II (welfare) & GS-III (inclusive growth, banking).