the new, new contours of financial inclusion

from the et special issue on modi sarkar completing 100 resplendent days in power, this story on financial inclusion…

Every two years, India’s financial inclusion drive reformats itself into a brand new, entirely unrecognisable avatar. Till about three years ago, it starred banks, the Reserve Bank of India and banking correspondent companies. Then came DBTs and the finance ministry, with its common banking correspondent (BC) auctions. Also came Aadhaar, opening bank accounts and keen to become sole authenticator for all financial transactions. In 2014, the landscape has changed again, partly due to Narendra Modi’s Jan Dhan Yojana.