ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Differences between the Government and RBI?

Financial Inclusion

The prime minister's mission on financial inclusion for all by 2018 is not a new programme, there have been variants initiated by the Reserve Bank of India and there was another proposal of the Ministry of Finance as well. The new programme as it stands has few details and does not seem to recognise the enormity of the infrastructural and human resource challenges that must be overcome and the scaling up expected of the banking sector. There also seems to be a lack of coordination between the RBI and the Government of India.

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