.....The term financial Inclusion gained popularity in early 2000 when a United Nations study revealed the direct relation between financial exclusion and poverty. Since then, the government has taken a lot of initiatives to attain financial inclusion. In 2004, the Khan committee was setup to look after financial inclusion and recommendations of the commission were incorporated into the mid-term review of the policy (2005–06). RBI has taken several measures to increase the rate of financial inclusion. The branches of commercial banks have increased from 8321 in 1969 to 100,277 as on December 31, 2012...........
Read - The Indian Economist
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