Certain other measures such as enhancing maximum limits on unsecured loans and advances, revising credit limits permitted for individual housing loans, extension of area of operations for UCBs, permitting lending to SHGs and JLGs and permitting the use of BCs have been undertaken to further the financial inclusion drive.
Sadly, despite significant resources being allocated to education, many parts of the system remain dysfunctional. A literate and skilled labour force is necessary to ensure domestic growth, employment opportunities, social stability and cohesion, and the ability to compete globally. Unfortunately the global environment in which we find ourselves is extremely difficult and is likely to remain so for a good number of years.