Finance leads growth and economic progress follows. As you know, the Reserve Bank has been actively engaged in the development of the financial sector. However, we have stepped up our efforts in the recent years to enhance the penetration of the formal financial sector and promote financial inclusion with a view to improving the well-being of our society.
In my talk today, I propose to briefly outline the economic and financial structure of the State as well as highlight various financial inclusion initiatives taken by the Reserve Bank with a particular reference to Odisha. In conclusion, I shall present some thoughts on policy challenges that lie ahead.