As an improved governance measure, with an underlying objective of ensuring involvement of all stakeholders in the Financial Inclusion efforts and in order to ensure uniformity in the reporting structure under the Financial Inclusion Plan, banks were advised to ensure that their FIPs are disaggregated and that they percolate down up to the branch level.
The focus under the new plan is to ensure that the newly created banking network is utilized not just for offering deposit and remittance products, but also for extending other products viz. credit, which can help make the business more viable for banks.