Several panelists spoke of the fact that some consumers may have access to only nonstandard documents and others, such as self-employed entrepreneurs, may have some difficulty documenting their income. To help ensure that the proposal preserves access to credit for the full range of consumers, we have sought public comment on this issue.
While several initiatives are being taken for ensuring widespread financial access, certain factors continue to impede progress. Let me highlight some of the major issues that various stakeholders face in their quest for universal financial inclusion:   The goal of universal financial access is yet to receive the complete conviction/ commitment of the Board/ top management of banks.