Banks: ‘ SCRIPTing’ the way forward - DR. N. A. MUJUMDAR

.....The promotion of financial inclusion involves much more than merely providing access to banks. It has many dimensions. These have been admirably explained in a recent lecture by the RBI’s Deepali Pant, on ‘ Financial Inclusion: Journey So Far and Road Ahead” ( November 2013). These include Financial Literacy and Financial Education, Robust Institutional Mechanism, and use of Technology. Banks have adopted a structured and planned approach to financial inclusion, through the preparation of Financial Inclusion Plans ( FIPs). The first plan, covering 2010- 2013, has shown remarkable progress. Banking outlets increased to 2,68,000 by March 2013. Of these, nearly 2,21,000 are Business Correspondents............

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