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India Is In Accelerating Phase of Financial Inclusion

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3 May 2011

Comments

  • Hi,

    In the last couple of months, I have been reading a lot on Financial Inclusion
    Reserve Bank of India, is doing exemplary work in promoting Financial Inclusion.

    Numerous studies have been published on Financial Inclusion.

    Various solutions have been suggested, and the associated cost factors discussed.

    But, what is interesting is that no one has veered from the traditional path i.e the end need is always met by physical cash.

    Electronic Cash has to replace with physical c cash. Than only true Financial Inclusion is achieved.

    I see all efforts are made electronically to transfer the cash into the Banking Accounts and then at the last mile, physical cash is necessary.

    nayakanti prashant

    Safe ePayments Motivator
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    http://prashantnepayments.blogspot.com/

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