Starting of Financial Inclusion in India Banking and financial services at an affordable cost to the vast sections of disadvantaged and low income groups. Important step towards inclusive growth

1. Role Of RBI In Financial
Inclusion
By Prashant Arsul

2. What is Financial Inclusion
• Starting of Financial Inclusion in India
• Banking and financial services at an affordable cost to the vast sections of
disadvantaged and low income groups.
• Important step towards inclusive growth

3. Importance of Financial Inclusion
• It is a necessary requirement for acquiring growth with equity.
• It protects the poor from the clutches of selfish or greedy moneylenders.
• It mobilizes the savings of the poor into the formal financial intermediation
and channels them into investment

4. Initiatives of RBI for Financial Inclusion
• Initiatives during 1960s and 1970s
• Initiatives during 1980s and 1990s
• Intiatives during 2000s
• Initiatives during the current period

5. Developments on Financial Inclusion
Framework by RBI
• Opening no-frills accounts
• Bouquet of Financial Services
• Engaging Business Corporations
• Use of Information and CommunicationTechnology
• Relaxation of KYC Norms
• Simplified Branch Authorizations

6. Developments on Financial Inclusion Framework
by RBI(Continued)
• Opening of Branch in unbanked rural centers
• Direct BenefitTransfer
• Financial Literacy
• Financial Inclusion plans of Banks
• Robust Institutional Mechanisms
• Jan DhanYojna Accounts

7. Suggestions for Improving Financial Inclusions
by RBI
• Policy Measures
• Making Financial services simple hassle-free and affordable
• Creating a conducive climate for lending
• Use of Innovative and Flexible Products
• Better Staffing and doorstep banking
• Removing Usage fees on ATMs for use of other bank ATMs

8. Conclusions
• Is Financial Inclusion fully utilized?
• Issue of Geography and Demography
• Success in Measures taken by RBI
• Vision 2021

9. Thank you

10. Thank you