Financial Inclusion (FI) according to Reserve Bank of India (RBI) broadly means the provision of financial services, such as payments and remittance facilities, savings, loans and insurance services at affordable cost by the formal financial system to the low income families who tend to be excluded. The RBI set up the Khan Committee in 2004 to look into issues of financial inclusion. Its recommendations were incorporated into the mid-term review of the RBI policy (2005–06). The RBI directed all banks with a view to .................
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