Examples were found mainly in the United States. In France we found that access to a bank account was a right. I initially considered the title of “Financial exclusion” and a description of measures to overcome it.
As I was finalising the draft of the Annual Policy Statement for the year 2006–07, issued on 18 April 2006, it struck me that what had been attempted particularly in the past year was actually reaching out, and hence the title should be “Financial inclusion”. This articulation by the Reserve Bank is the origin of the concept of financial inclusion.