Financial Inclusion Emerging as Paradigm of Economic Growth-Prasad WSBI Postal Savings Banks Forum Inaugurated

Union Minister for communication & IT and Law and Justice Shri Ravi Shankar Prasad, has called for added thrust on financial inclusion in policy initiatives. Speaking at the inauguration of WSBI Postal Savings Banks Forum here today Mr Prasad underlined the importance of financial inclusion and stated that financial inclusion is emerging as the new paradigm of economic growth. Financial inclusion pays a major role in eradicating poverty. The main focus of financial inclusion in India is to promote sustainable development and generating employment in rural areas for the rural population. He further emphasized that financial inclusion of the excluded households of rural areas is being accorded high priority by the government.