Financial inclusion with IT 13. Business requirements: I would like to emphasise that it is imperative to facilitate opening new accounts, provide need based credit, remittance facilities and help promote financial literacy in rural India. It is expected that new technologies and business correspondents will drive this movement.
In the long run, it is expected to cover the economic distance between rural and urban India. It is here that technology would play a major role in achieving the objectives set out. For all services that entail payments to citizens, the last mile interface is the weakest link.