.........This leads us to the question of financial inclusion. With over half the Indian population still excluded from the nation’s formal financial system, the need for several strategic steps is imperative. Numerous steps have been taken in the six years since the government initiated the process of financial inclusion in a big way. The Reserve Bank of India (RBI) has recently mandated Regional Rural Banks (RRBs) to ensure that one-fourth of their proposed expansion is in unbanked parts of India..............
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