Thus, financial inclusion has two fold objectives:  4  BIS central bankers’ speeches  •  To connect the excluded with the formal banking system in order to help them gain an understanding of the financial services available and equipping them with the confidence to make informed financial decisions.
•  Providing door step banking services to all the six lakh villages and meeting their life cycle financial needs through appropriate savings, credit, remittance and insurance products. Planned and structured approach 19. RBI has been following a planned and structured approach to address the twin issues of demand and supply of financial services.