Though the efforts for universalisation of financial inclusion are already underway, there are a number of challenges in this endeavour going forward with about 480000 villages yet to be provided with banking services.
The financial inclusion for the underprivileged will lead to host of downstream opportunities such as jobs for the participants to work as BCs at remote villages, technology providers etc., not to speak of the huge economic growth the financial inclusion measures trigger. Banks need to perceive Financial Inclusion as a profitable business model and not as an obligation.