As we have adopted a bank led model for financial inclusion, banks are actively contributing to our financial literacy initiatives by setting up Financial Literacy and Credit Counselling Centres with focus on educating people on availability of various deposit, credit and remittance products offered by banks, so as to create demand for the same, with the aim of attaining Financial Inclusion.
ECB liquidity is a very specific form of money. It can be used only to make payments between banks with accounts at the ECB and to meet reserve requirements. There is no automatic mechanism which converts this liquidity into loans or asset purchases.