WhAT is shivraman COMMITTEE?

The Shivraman Committee, officially known as the Committee on Financial Inclusion, was established by the Government of India in 2009, chaired by Dr. S. S. Shivraman. Its primary objective was to assess the status of financial inclusion in India and recommend strategies to enhance access to financial services for the unbanked population, particularly in rural areas. The committee highlighted the need for a multi-faceted approach to improve access to banking, credit, insurance, and other financial services, emphasizing the role of technology and public-private partnerships.