This led to huge indebtedness amongst the poor people and their deteriorating financial health.
Under our financial inclusion framework, we expect the banks to ensure that all the financial needs of the customers are met by offering them, at a minimum, the following four basic products:   A savings cum overdraft account    A pure savings account, ideally a recurring or variable recurring deposit    A remittance product to facilitate EBT and other remittances, and    Entrepreneurial credit products like a GCC or a KCC  15.