Rural banking in the digital age

..........Financial inclusion could definitely aid to this efforts - hats off to the recent efforts made by the banks and the policy encouragement by RBI. Inclusive growth is the current compulsion of a sound public policy. True, there has been a convergence in the business interest of the banking community in financial inclusion. Financial inclusion is to be treated as a business investment. Banks are to move to the masses as a natural process of financial inclusion. The banks are already in the process of financial inclusion very much - opening and operating rural branches, rural coverage, agri-lending, SHG bank linkages, social onus of banks, etc. in fact, the process has been given the new name ‘financial inclusion’. Still, to bring the farmers under the ambit of financial inclusion the increasing role of commodity exchanges in the matter of providing forward market linkages and price discovery is being largely felt...............

Read - Eastern Mirror