Govt lines up big fin inclusion push

.....The proposed comprehensive financial inclusion programme envisaging insurance and pension cover, apart from a default cover for lenders is likely to envisage opening 15 crore more bank accounts, 12 crore of which will be in rural areas over next four years, according to a note sent to the Indian Banks Association (IBA) by financial services secretary G S Sandhu. According to the note, Modi’s new comprehensive financial inclusion programme has three major shifts from the one pursued by the previous government........

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