.........Accepting that the country has not scored well on financial inclusion parameters, Dr. Chakrabarty, who is also the Chairperson of the RBI High-Power Committee on Financial Inclusion, expressed a greater need for mainstreaming financial inclusion to facilitate access of the poor to financial services. Addressing the gathering after hearing the testimonies of activists and workers about their problems in delivering credit, safeguarding savings, ensuring insurance and pension and the issues of savings, loan and remittances, the RBI Deputy Governor described the process of financial exclusion as lack of access by citizens to appropriate low cost, fair and safe financial products and services from mainstream providers..........
Read - The Hindu
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