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Financial Inclusion & Financila Literacy Cell
 
 
Government of India Initiatives
 
 
 
 
 
 
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Government of India Initiatives | Speeches
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Extract of FM's Budget Speech for the year 2007-08.
"93. Financial inclusion is the process of ensuring access to timely and adequate credit and financial services by vulnerable groups at an affordable cost. The Committee on Financial Inclusion has given an interim report. While we await the final report, Government has decided to implement, immediately, two recommendations.

The first is to establish a Financial Inclusion Fund with NABARD for meeting the cost of
developmental and promotional interventions. The second is to establish a Financial Inclusion Technology Fund to meet the costs of technology adoption. Each fund will have an overall corpus of Rs.500 crore, with initial funding to be contributed by the Central Government, RBI and NABARD."