Ideas for a financially inclusive India

.............However, this is going to be a onerous task given that over half of India’s population remains unbanked even after 67 years of Independence and various initiatives taken by different governments since nationalisation of SBI in 1955.  RBI and Nabard have also made concerted efforts through schemes like priority sector lending, no-frills accounts, kisan credit cards, business correspondents,  and supporting self-help groups (SHGs) and microfinance institutions (MFIs). To achieve success in financial inclusion, the government will next need to consider out-of-the-box measures to make a difference.............

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