DEMONETIZATION EFFECT: Huge pressure for banks to supply the currency notes in rural areas after demonetization of Rs 500 and Rs 1000 notes.
In rural India having a lots of unregistered MSME's ( Small and Tiny Enterprises) Its very hard to get cash for these unregistered MSME's for their day to today need.
CONSIDERING THE STATICS: Every bank branch in a rural and semi-urban centre caters to more than double the number of people in an urban and metropolitan centre. According to a December 2015 Reserve Bank of India report on “financial inclusion in India”, each rural and semi-urban bank branch serves 12,863 people compared with an urban and metropolitan branch which serves just 5,351 people. The spread of ATMs too is skewed in favour of urban centres. Delhi, for instance, has 9,070 ATMs, more than Rajasthan, the largest state in terms of size.
No comments:
Post a Comment