In the recent period, in countries like India, government has been encouraging opening of bank accounts by providing government benefits through such accounts. ICT solutions have made such initiatives possible at relatively low cost. 2. Financial inclusion is not merely providing reliable access to an efficient payments system.
From an annual increase of around 11 per cent at the turn of this decade, the market grew by an estimated 5½ per cent around the middle of the decade. Almost all segments, including payment card printing, have experienced slowing rates of growth, with the cheque printing segment reporting outright falls in the value of output.