...........The number of new accounts is the wrong metric, perhaps, for a government to target. It should instead target continuing transactions, or the number of active accounts. Only when the target of PMJDY, the average "unbanked" man and woman, sees a benefit to being a part of the banking system, will inclusion actually take off. That's why, in fact, another piece of news from last week may hold the key to the success of financial inclusion. .........
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