I advocate that the banking system must reach every doorstep. Well we can promote Credit Co-operatives and RRBs to come forward in addition to the scheduled banks. Only that audit, systematic monitoring system, information communication system needs to be developed so that deposits are safe. This can be supported by established banks. The awareness, skill development exercises and capital requirement may be allowed to be accommodated in their CSR components.
Time for a strong awareness campaign for creating banking habits and learning for different financial instruments and capital market knowledge for the Bharat. Just think of the employment potential of such efforts in addition to general rise in welfare of the citizens of the target area. The current thoughts in reforms MNREGA in favour of productive assets may create added income capacity of rural people to make these things sustainable in 10 to 20 years time. Let us see how this Budget focus on right targeting the subsidies and Capital infusions in Banks.