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Economy • Financial Inclusion

Role of Small Finance Banks (SFBs)

Small Finance Banks (SFBs) are a specific segment of banking created by the RBI to undertake basic banking activities of acceptance of deposits and lending to unserved and underserved sections...

Core Objectives

  • Provision of savings vehicles to underserved sections.
  • Supply of credit to small business units, small and marginal farmers.
Why you are reading this

"Discuss the role of SFBs in promoting financial inclusion in rural India."

Mains 2021GS-3

Related Themes

Payment Banks vs SFBs
Priority Sector Lending
Nachiket Mor Committee

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