Financial Inclusion
Despite the expansion of the banking network in India since independence, a sizeable proportion of the households, especially in rural areas, still do not have a bank account. Considerable efforts have to be made to reach these unbanked regions and population. Financial Inclusion implies providing financial services viz., access to payments and remittance facilities, savings,loans and insurance services at affordable cost to those who are excluded from the formal financial system. Box 8.3 gives indications of the low access to banking services in India
