Financial Inclusion

Dear friends

Greetings...!!!

I hope you all are at best of your time and health.

Today we will talk about one of the most sought out topics in the world of banking and finance.

Our government as well as RBI has taken it as one of the most important objectives which should be achieved as soon as possible in order to accelerate the growth of our economy.

Yes , you are right. I am talking about " Financial Inclusion". So first we will see what does it mean...??

Financial inclusion is basically involvement of all segments of society in financial system of the country.

In layman's language financial inclusion means access to banking services i.e having a bank account.

What is the need for financial inclusion ....???

1. It is a very effective tool for poverty elevation.
2. It helps in accumulation of  large amount of capital which can be invested for development .
3. It brings transparency in the system.
4. It promotes inclusive growth i.e growth of all segments of the society.

Who is the target audience ????

Obviously  higher class and upper medium class of our society  are already  actively participating and contributing in financial activities. But it is lower middle class and lower class of society who are still struggling to get under the umbrella of banks and other financial institutions.
So , the main target for financial inclusion is lower middle class and lower class of the society.

Pillars of Financial inclusion :

Only having a bank account is not enough. Apart from a bank account people should also have easy access to credit facilities and insurance. So following are considered as 3 major pillars of Financial inclusion :

1.  Micro savings
2.  Micro Finance
3.  Micro Insurance     

Micro saving is the special deposit products designed for the need of target audience considering their low and irregular income.

Micro finance is the easy access to credit facility so that people can meet their need for funds.

Micro insurance is the suitable insurance products designed for target audience to hedge them from various risks.

This is all for today. We will see different aspects of financial inclusion and various initiatives taken by governments and RBI for achieving 100 % financial inclusion in detail in coming days.

Till then

Take care friends

    &

Happy Reading

    


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Hum hain yahan ki sarkar banane wale

The so called "SEMI-FINALS" for 2014 general elections are over. Results are out and now its quite clear that mindset of Indians have changed. Their approach towards democracy ( India being largest democracy ) have changed. Their participation and realization of the fact that " HUM hain yahan ke sarkar banane wale" have increased. And all these are positive signs for the future of a developing country like India.But the million dollar question is " weather public has a clear picture of the type of governance they want "..?????

Because until they are clear about it how can they use their vote properly..!! .. Public wants corruption free governance.They want a society where every one along with women and children can feel secure. Those who are able to deliver upto public's expectation should be given chance . And if there is no option at all, then these results are a source of inspiration. It has shown the power of common public to all. They have proved that if public stand to fight there is no power in world who can stand before it.

CHANDAN HAI IS DESH KI MATI

चंदन है इस देश की माटी तपोभूमि हर ग्राम है
हर बाला देवी की प्रतिमा बच्चा बच्चा राम है || ध्रु ||

हर शरीर मंदिर सा पावन हर मानव उपकारी है
जहॉं सिंह बन गये खिलौने गाय जहॉं मॉं प्यारी है
जहॉं सवेरा शंख बजाता लोरी गाती शाम है || 1 ||

जहॉं कर्म से भाग्य बदलता श्रम निष्ठा कल्याणी है
त्याग और तप की गाथाऍं गाती कवि की वाणी है
ज्ञान जहॉं का गंगाजल सा निर्मल है अविराम है || 2 ||

जिस के सैनिक समरभूमि मे गाया करते गीता है
जहॉं खेत मे हल के नीचे खेला करती सीता है
जीवन का आदर्श जहॉं पर परमेश्वर का धाम है || 3 ||

chandan hai is desh kee maaTee, tapo bhoomi har graam hai
har baalaa devee kee pratimaa, bacchaa bacchaa raam hai

har shareer mandir saa paavan, har maanav upkaari hai
jahaan siňha ban gaye khilaune, gaay jahaaň maa pyaari hai
jahaaň savera shankh bajaataa, loree gaatee shaam hai 

jahaaň karma se bhaagya badaltaa shrama nishThaa kalyaaNee hai
tyaag aur tap kee gaathaayeň, gaatee kavi kee vaanee hai
gnyaan jahaaň kaa gangaa jal saa, nirmal hai aviraam hai 

jis ke sainik samar-bhoomi me, gaayaa karate geetaa hai
jahaaň khet me hal ke neeche, khelaa karati seetaa hai
jeevan kaa aadarsh jahaaň par, parameshvar kaa dhaam hai

Meaning
The soil of this country (Bhaarat) is like 'chandan', each village a 'land of penance'. Each girl is an image of a Devi while each boy is 'Ram'.

Each body is like a sacred mandir, every person benevolent, where lions became toys (the story of the little prince Bharat, who out of curiosity dared to open the jaw of a lion to count the teeth) and a cow is worshipped as a beloved mother. Here, dawn blows the 'shankh' every morning and dusk sings lullaby every evening.

Where one's fortune is shaped through one's actions, dedication to work is one's sacred duty. Where the poets sing the saga of sacrifice and penance. The knowledge and wisdom of this land is like the water of Ganga - pure and perennial.
Whose soldiers chant the holy Bhagavad Geeta in the battlefield. Where, in a field, Seeta was found playing under a plough. Where the goal of human life is nothing less than God-realisation

Bharat Ka Nirman

                                              अनेकता में ऐक्य मंत्र को,
                                               जन-जन फिर अपनाता है।
                                                  धीरे-धीरे देश हमारा,
                                                   आगे बढता जाता है।

इस धरती को स्वर्ग बनाया,
ॠषियों ने देकर बलिदान॥
उन्हीं के वंशज आज चले फिर,
करने को इसका निर्माण।
कर्म पंथ पर आज सभी को गीता ग्यान बुलाता है॥1॥

धीरे-धीरे देश हमारा, आगे बढता जाता है।

जाति, प्रान्त और वर्ग भेद के,
भ्रम को दूर भगाना है।
भूख, बीमारी और बेकारी, इनको आज मिटाना है।
एक देश का भाव जगा दें, सबकी भारत माता है॥2॥

धीरे-धीरे देश हमारा,  आगे बढता जाता है।

हमें किसी से बैर नहीं है,
हमें किसी से भीति नहीं।
सभी से मिलकर काम करेंगे,
संगठना की रीति यही।
नील गगन पर भगवा ध्वज यह, लहर लहर लहराता है॥3॥

धीरे-धीरे देश हमारा,
   आगे बढता जाता है।

शिव तांडव स्तोत्रम् (Shiv Tandav Stotra )

 

                         OM NAMH SHIVAY

 

HAPPY MAHASHIVRATRI TO ALL OF YOU…..:-)

Data Mining Tasks:Clustering

 

This one is for those friends who love to play with ‘DATA’. And frankly speaking playing with data is not a easy job as DATA is the at the beginning of the journey which ends at ‘Knowledge’.But a lot of efforts is required to discover the knowledge out of data.That’s what data mining tasks are all about.Lets discuss one important data mining task i.e. clustering here.

Definitions:

• the process of organizing objects into groups whose members are similar in one way or the other.
• A form of unsupervised learning, where we dont have examples demonstrating how the data should be grouped together.
• A method of data exploration i.e. a way of looking for patterns in data ,that are of interest.

so, a cluster is a collection of data objects which are similar among them but dissimilar to data objects belonging to other clusters.

Goal :

the goal of clustering is to determine the intrinsic grouping in a set of data.

Types:

•  Partitioning
• Hierarchical  

We will discuss hierarchical clustering technique in detail.    

Hierarchical clustering is further divided into two groups.They are:

• Agglomerative
• Divisive

In agglomerative hierarchical clustering ,following sequence of steps are followed.

• We start with every data item in a separate cluster.
• then we keep merging the most similar pair of clusters until we have one big   cluster left.

This is the bottom-up approach.

Good bye friends….

LITERATURE:The Mirror of Society

 

Literature is the powerful expression of human conscience .while it can strike at the ugliness of society ,at the same time it also contains the nice philosophy life.Literature is like whole sea in a pot.The appeal of literature is widest possible and longest lasting.It is wit of one man and wisdom of millions.This is nothing but the miracle of literature that few sentences spoken or written makes a person popular and immortal.

But what is the foundation of literary creations???….It is sincerity of Imagination.Our personality can only be enriched by imaginative contact  with other times,other places and people.It teaches us the religion of humanity.It is  an instrument of the progressive refinement and enrichment of life.It is literature which is responsible for the development of mankind from barbarism to civilization.we can not imagine a world without literature.Humanity will die,if literature dies.

So my dear friends,in this era of technology be in touch with literature to keep your emotions alive,to keep you on the track of progress and to keep your humanity alive.

Good bye friends…will meet again soon:-)