Banks, on their part will need to leverage on modern technology algorithms and Big data so that they can differentiate between a good borrower and a not so good one even in the absence of conventional documentation. 17.
Having analysed various impediments in finance to the sector let me dwell on some of the steps taken by RBI, Government of India and other Apex institutions in bridging these gaps. (i)  Access / availability  RBI has initiated several measures to improve the availability of banking services, especially in the rural and far-flung areas where access to formal finance is arduous. 18.