This  1  Sarma, M. (2008) “Index of financial inclusion” Working Paper No. 215, Indian Council for Research on International Economic Relations. BIS central bankers’ speeches  3  approach is based on the fundamental principle of 5A’s of ensuring Adequacy and Availability of financial services to all sections of the society through the formal financial system covering savings, credit, remittance, insurance, etc.
and, at the same time, increasing Awareness of such services and ensuring Affordability and Accessibility of the appropriate financial products through a combination of conventional and alternative delivery channels and technology enabled services and processes. Against this background, we can see large variance in the level of financial inclusion across the country.