We are following up this objective by also educating the people (financial literacy) about the benefits of being part of the formal financial sector and the host of facilities  BIS central bankers’ speeches  1  and benefits they can demand from it.
No doubt, the central banks support research in academic and other research institutions. Often, the central banks provide significant inputs to national statistical endeavours, particularly in regard to financial sector. We, in the RBI, attach great value to the interactions with the academia in several ways.