Needless to add, financial inclusion protects the poor from the clutches of the usurious money lenders. 41. Apart from helping the poor at the micro level, financial inclusion delivers benefits at the macro level too. By transferring money directly to the bank accounts of the beneficiaries, the Government can minimize the leakage in its affirmative action programmes.
Despite the information sharing mechanisms as detailed above, if the loans still go bad, restructuring mechanisms have been spelt out to help a borrower who has a viable project or a viable business proposition.