1. Financial Inclusion stands for delivery of
banking/financial services to vast section of
low income groups (disadvantaged
persons), at an affordable cost.
OBJECTIVE
:- To introduce low income groups to the
Banking System
:- Assist them in building financial
capacity
:- Making them bankable customers
:- Develop the banking business

2. The scope of financial inclusion can be
expanded in two ways.
through state-driven intervention by way of
statutory enactments.
through voluntary effort by the banking
community itself for evolving various
strategies to bring within the ambit of the
banking sector the large strata of society.

3. Opening of no frills accounts.
 Relaxation in KYC in opening such a/c.
 Lending under govt. sponsored scheme.
 new branch authorization policy of Reserve
Bank
 Financial inclusion plan (FIP)- It started in April,
2010, and banks were asked to prepare another three-year
FIP for the period 2013-16. Under which all state-run and
private sector banks have to submit a board-approved, three-year
financial inclusion plan (FIP)

4.  Deposits
 Micro Credit
 Financial products
 Insurance
 Mutual funds

5. • AWARENESS
 Ration card / Electoral ID cards of the families were taken for
fulfilling the simplified KYC norms.Photographs of all the
persons who opened bank accounts were taken on the spot
by a photographer accompanying the bank team.
 “No frills” accounts.
 the farmer’s credit card or KCC is being used ensuring first to
credit rather than savings.
 no frills account was followed by small overdraft facility or a
general purpose revolving credit upto pre-specified limit.
 Recognizing the need for providing social security (life,
disability and health cover).

6.  In Aug,2014 Indian Prime Minister
(Narendra Modi) launched an initiative to
bank the poor.
Scheme promises a bank account,a debit
card, and an insurance cover of 1 lakh for
poor families.
1.5 crore bank accounts on the first day of
the programme on 28 August 2014

7. Operational Cost
Distribution Channel/ Partnering
Payment system

8. Correspondents
Partnering
 Post offices
 Telco’s
 SHG
 MFI
 NBFC’s

9.  Bank of India’s ‘Abhay’ – Credit Councelling
Centre
 Pragathi Gramin Bank, Bellary, Karnatak
(Sponsor: Canara Bank)
A survey on financial access in 2011 revealed
that India had 10.6 branches and 8.9
automated teller machine (ATMs) per 0.1
million population. Compared to this, China
had 23.8 branches and 49.6 ATMs, while
Brazil had 46.2 branches and 119.6 ATMs per
0.1 million people
 …………… a lot needs to be done..!!

11. PRESENTED BY: YUGANTAR
KHANDURI