Question

Most important people in financial inclusion india

Answer 1

Dear Sharon,
You may check the points given below for your reference.
1. It basically means to extend the financial services to a large unreserved section of the country and to spread its growth potential to the lowers sections of society.
2. It achieves the inclusive growth by providing finances to the poor at reasonable rate of interests.
3. In order to achieve financial inclusion, Government has made strategies and advised the banks to open
 branches in all habitations of 5,000 or more population in under-banked districts and 10,000 or more population in other districts.
4. Regional Rural Banks (RRB) has expanded their branches from 913 in 2012 to 1845 in 2013.
5. Financial Inclusion Campaign named “Swabhimaan” was formally launched by the Government in February, 2011.This campaign states that every household has at least one bank account, it is expected to achieve the target by August, 2014. Banking facilities to 74,194 such villages have been provided and about 3.16 crore financial accounts have been opened under this Campaign by end of March, 2012.