[25] It protects productive capacity and boosts potential output, thus helping counteract negative supply shocks. During a downturn, it prevents procyclical cuts to public investment in European public goods. And it reduces the scale of deficit financing at country level, so national governments have more fiscal space to cushion shocks.
The Financial Inclusion Plan (2010–13), introduced in April 2010 has concluded in March 2013. The penetration of baking services in the rural areas has increased to a great extent. A snapshot of the progress made by banks, upto December 31 2012, under FIP for certain key parameters is given below: i.