If we assess the loan disbursements carried out so far, it could be said the measure has played its intended role as a catalyst in prompting financial institutions to develop their own initiatives to strengthen the foundations for economic growth.
While fostering innovation, however, the underlying focus of RBIH should always be to promote access to financial services and products for the low-income population in the country. It should be our duty to promote such innovation that not only improves process efficiencies but also transforms the society. The overall focus, I feel, should be on innovation with a purpose. 6.