Financial Inclusion

Financial inclusion means providing to the large unbanked population of India access to financial products and services like:
Bank accounts, immediate credit, savings products, remittance and payment services, insurance, mortgage, entrepreneurial credit, financial advisory services.
Steps taken so far for promotion of financial inclusion have been – the cooperative movement, setting up of State Bank of India, nationalization of banks, lead bank scheme, regional rural banks, service area approach, self help groups.Out of 611 districts in the country, only 68 districts have been covered by so called financial inclusion (as of July 2009).

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