But different consequences may arise from the way those factors are decided and implemented. To begin with, it is important to distinguish between the long term risk and the short term consequences.
As per data from World Bank’s Global Findex Database, as of 2021, 78% of Indian adults (population with 15 years or more of age) had a bank account as compared to 53% in 2014. We have been able to provide banking access to almost every village within a 5 km radius in 25 states and 7 UTs covering 99.94% of identified villages.