 "MasterCard credit cards are seen in this illustrative photograph. Photo: Reuters")
Around 480 million adult Indians till the age of 65, representing half of the overall population in the earning segment, are 'credit unserved', as per a report by a credit information company.
An additional 164 million were classified as 'credit underserved' in the global study done by Transunion Cibil, while only 179 million fit into the 'credit served' category.
Specific efforts are being taken by the policy apparatus to deepen the credit culture in the country to ensure that borrowers do not fall prey to usurious moneylenders. The Jan Dhan Yojana, which saw the opening of over 450 million accounts, has accounts
