Financial inclusion aims to provide access to affordable financial products and services to all segments of society, especially those who are traditionally excluded. Adoption of villages by bank branches is a direct strategy to extend banking services, including account opening, credit, insurance, etc., to people in rural and underserved areas who may not have easy access otherwise.
Which one of the following can be considered as a step towards achieving 'financial inclusion' in India ?
Asked in OPSC CS Prelims 2015 · Topic: Money & Banking (Financial Inclusion: Strategies, Schemes (e.g., PMJDY), and Digitalization)
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