GK - Banking & Insurance - SPLessons

Financial Inclusion – Related Sch...

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Financial Inclusion – Related Schemes

shape Introduction

Static GK is one of the important topic in both Government Sector and Bank related Exams. In static GK, Banking is one of the most important topic. The article Financial Inclusion – Related Schemes presents the key points of Financial Inclusion and Related Schemes of Financial Inclusion. The article Financial Inclusion – Related Schemes can help the students and aspirants to perform well in the exams like IBPS PO, SO, Clerk, SBI, RRB, etc.

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Financial Inclusion:

Financial Inclusion includes

  • Give formal banking services to poor people in urban & rural areas

  • Promote habit of money-savings, insurance, pension-investment among poor-people.

  • Help them get loans at reasonable rates from normal banks.

  • So, they don’t become victims in the hands of local moneylender.

Financial Inclusion – Related Schemes – Important initiatives

  • Lead banking scheme (LBS)

  • No frills account


  • Business Correspondents (BC) system

  • Swabhiman Campaign