Financial inclusion is the availability of banking services at an affordable cost to disadvantaged and low-income groups of the nation. Financial inclusion mainly focuses on the poor who do not have formal financial institutional support and getting them out of the clutches of local money...

The major focus of the Union Budget for the financial year 2011-12, 2012-13 and 2013-14 was to achieve the larger aim of the financial inclusion. It focuses on the poor who do not enjoy the formal financial institutional support and get them out of the clutches of local money lenders. The...