Rural Banking Policy, India - Timely & Effective Use Of Technology And FI & FIT Funds Needed

.....With the evolution of Rural Banking Policy by the RBI slowly, steadily systematically and in a planned manner, the commercial banks in India showed impressive performance during 10 Year Plan. During 11 households in a village, initiate steps to establish Financial Literacy and Credit Counseling Centers, adopt Technology Applications, make timely and judicious use of Financial Inclusion Fund and Financial Technology Fund and voluntarily  adopt Mutual Code of Conduct. In the process, the Government may consider creating enabling environment and building rural infrastructure to facilitate rural financial institutions to serve all the rural households by 2015.

Read............