Financial Inclusion













 About Financial Inclusion:

What is Financial Inclusion?
Financial inclusion is defined as access to formal financial services by individuals & firms to use a range of quality payments, savings, credit and insurance services which meet their needs with dignity and fairness.

Financial inclusion helps in reducing poverty by…

  • Increasing access to bank deposits that enables individuals to accumulate savings in a safe and secure environment.
  • Reducing vulnerability of poorer households via minimizing negative impacts of income shocks.
  • Improving access to credit thereby improving asset base.
  • Decreasing proportion of low-risk, low-return assets held by households for precautionary purposes.

Financial inclusion Increases economic growth by…

  • Facilitating transactions.
  • Providing investment opportunities to all segments of the population.
  • Mobilizing savings.
  • Facilitating inflows of foreign capital (including FDI, portfolio investment and bonds, and remittances).

Financial Inclusion promotes stability by…

  • Strengthening financial institutions.
  • Broadening markets for financial service providers.
  • Allocating capital efficiently among competing uses.
  • Facilitating risk management through a variety of services including insurance.
  • Making money transfers more efficient and quicker.

SBP Financial Inclusion Program (FIP)

Goal

“To improve inclusive economic growth and to improve income and livelihoods opportunities for poor and marginalized groups in Pakistan”.

Objective

“To improve access to financial services for the poor and marginalized groups and for micro, and small enterprises in Pakistan".

The Financial Inclusion Programme (FIP), implemented by SBP with support of the UK Department for International Development (DFID), aims to transform the financial market with a clear objective to provide equitable and efficient market-based financial services to the otherwise excluded poor and marginalized population including women and young people.

FIP focuses on enhancing access of financial services for lower segment of population. FIP contributed in financial sector development through enhancing governance structure, product development, creating better systems & controls, and developing IT infrastructure, etc.  FIP has also been instrumental in meeting liquidity & credit requirements of Micro & Housing sectors, fostering innovations in rural & agriculture finance, digitizing streams of Government to Peron payments, etc,  while gender finance & Islamic  finance are the cross cutting themes. The key elements for success of the programme lies in its structured governance framework and creating strategic partnership among the private & public sector institutions.

Financial Inclusion Program Components


Demand Side Statistics
Percentage of Adult population:
A2FS
2015
A2FS
2008
A. Banked
16%
11%
B. Other formal
7%
1%
Formally Served (A+B)
23% 12%
C. Informally Served
24%
32%
Financially Served (A+B+C)
47% 44%
Financially Excluded
53% 56%
 Source: Access to Finance  Survey, 2015

Supply Side Statistics

May 31, 2016
 Number
 of Banks

54
 Number of
 Branches
13,134
 ATMs
12,000
 POS
44,000
 BB Agents
310,000
 Total No. of
 Accounts
43,000,000
 Total No. of
 Borrowers
7,000,000
 Source: SBP

       
Home
About SBP
Publications
Economic Data
Press Releases
Circulars/Notifications
Laws & Regulations
Monetary Policy
Help Desk
SBP Videos
SBP Welfare Trust
Contact us
What's New?
Speeches
Online Tenders
Web Links

Educational Resources
Regulatory Returns
Library
Rupey ko Pehchano
Events
Zahid Husain Memorial Lecture
Careers
Sitemap
 
Best view Screen Resolution : 1024 * 768
Copyright © 2016. All Rights Reserved.