"We are furthering financial inclusion in a mission mode through a combination of strategies ranging from relaxation of KYC regulatory guidelines, provision of new products and supportive measures to achieve sustainable and scalable Financial Inclusion," said RBI Regional Director, New Delhi, Deepak Singhal.
RBI attaches great deal of value to financial inclusion. A planned and structured approach has been followed to address the twin issues of demand and supply, he said while chairing a session on Innovative Ways of Achieving Financial Inclusion, organised here by consultancy firm Dun & Bradstreet.
He said RBI has been on the forefront of using technology to spread the financial inclusion drive, though enough is not happening on the financial literacy front.
"People who have access to banking services are not using banking services simply because they do not know how to use banks or they are not comfortable using it," he said.
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"Two separate documents were required earlier but now there is clear instruction from RBI, that any one of the documents is necessary. The Aadhaar card is sufficient proof of identity even if the current address is changed."
On Jan Dhan scheme, SBI Deputy Managing Director, Retail Strategy, M G Vaidyan said the government measures are yielding results. "Aadhaar was on the back burner for some time, but it has now become instrumental in the financial inclusion drive."