The Employment Guarantee Scheme being rolled out in 200 districts in the country which would bring in large number of people through their savings accounts into the banking system is another opportunity to promote financial inclusion in its fullest sense. I would now like to focus on the role of the State governments.
While there is no alternative to raising revenue through taxes and user charges so as to have the resource base to undertake huge investment in physical and social capital, it is possible, even in the present milieu to give focused attention to a few areas.