On 80th anniversary celebrations of the RBI, a Committee was constituted with the objective of working out a medium-term (five year) measurable action plan for financial inclusion. Who headed this committee?
The Committee recognised that substantial progress has been made in terms of access of financial products and services especially after the launch of the Jan Dhan Yojana. However, there were significant gaps in terms of usage, inadequate ‘last mile’ service delivery, and exclusion of women as well as small and marginal farmers and very low formal link for micro and small enterprises.
