Fourth, a policy on financial inclusion essentially involves moving frontiers of formal finance into informal finance, particularly in regard to households. By its very nature, the informal sectors in different countries and in different communities are highly varied and deeply rooted in local conditions. So, should the focus be on learning from other countries’ experiences, as considered useful by individual countries?
Fifth, is there merit in focusing on financial services and products, other than credit, inasmuch as credit involves issues of risks and leverage, much more than other banking products do? In other words, what should be the relative emphasis on different components of financial inclusion such as remittances, deposit-taking, consumption-smoothing, vis-à-vis financial products such as insurance? The relative emphasis may, of course, be countryspecific.