With reference to India, consider the following:

1. Nationalization of Banks
2. Formation of Regional Rural Banks
3. Adoption of villages by Bank Branches

Which of the above can be considered as steps taken to achieve the “financial inclusion” in India?

1. 1 and 2 only
2. 2 and 3 only
3. 3 only
4. 1, 2 and 3

Explanation

All options are correct

• All three measures expanded access to banking services:
• Bank nationalization widened credit access to priority sectors.
• Regional Rural Banks targeted rural and agrarian populations.
• Village adoption schemes brought banking services to unbanked areas.

Answer: (d) 1, 2 and 3