Moreover, the IMF data reveals significant gaps at individual country level, which needs to be bridged so as to improve its utility. Data on barriers for financial inclusion Even within the existing set of account based financial services, lot of variations exist in actual delivery models because of varied levels of technological absorption and cost of operation.
No less binding are the legal and bureaucratic constraints and lack of appropriate infrastructure and financial literacy which requires to be countered in order to bring the financially excluded segments within the formal financial access network. For example, identifying unbanked segments for making them bankable is a challenging task, be it habitation, land ownership title or adopting a common authorised identification code.