Financial inclusion must focus on literacy, not just access: RBI deputy governor

RBI Deputy Governor Swaminathan Janakiraman emphasized that financial inclusion extends beyond banking access, focusing on empowering individuals through financial literacy for improved lives and economic contribution. Indian Bank’s Financial Inclusion Saturation programme in Tiruvallur facilitated Re-KYC and enrolment in schemes like PMJJBY and PMSBY, benefiting over 2,000 community members.