My Columns: Without Fear and Favour

Summary of Financial Inclusion Conference in Mumbai By  Deepak Parvatiyar April 3, 2015 Rate this post Rate this Inclusive growth has to be the cornerstone of nation-building and financial inclusion of the marginalised segments is its important aspect.  The Reserve Bank of India broadly defines financial inclusion as providing universal access to a “wide range of financial services at a reasonable cost” and this has been marked as “one of the important” national objectives of the country. The Central Bank acknowledges that ensuring delivery of services such as low cost credit, bank accounts for savings and transactional purposes, financial advisory services as well as insurance facilities form the essence of financial inclusion. In the past, there had been certain measures taken to promote financial inclusion such as: Planningnationalisation of banks Setting up expansive branch  network of scheduled commercial banks Setting up of cooperative