RBI’s Retail Direct Scheme

Depth of the financial market is important to channel savings in an economy in the right direction. In this regard, discuss the significance of the RBI Retail direct Scheme. (150 words)

Approach:

• Introduce by giving an overview of financial markets and their role in the economy
• Briefly explain how financial markets help channel savings in the right direction to promote growth and development
• Elaborate on the provision of the RBI Retail direct Scheme and highlight its significance
• Enumerate the apprehensions about the scheme
• Conclusion