Let me now turn to financial inclusion with a particular reference to the eastern-region. Financial inclusion In order to sustain a higher economic growth, it is important to bring the excluded segment of the society into the fold of the formal financial sector.
In recognition of this, the Reserve Bank has taken a number of steps to take formal banking to door steps of habitations with population over 2000 through the business correspondent (BC) model where the BCs provide basic banking functions acting as agents of banks.