The Governor of Reserve Bank of India, Mr. D. Subbarao has once again stressed upon the importance of the Financial Inclusion Plan. He also said that the banks have a very crucial role to play in reaching the masses, residing in the remote areas.

Financial Inclusion Plan is an initiative of Government to provide basic banking facilities to the people who do not have access to it. A target to cover the villages with population above 2,000 by March 2012 has been set for the banks.

A lot of new techniques are being adopted to ensure the success of the initiative and among them the appointment of Business Correspondents was very useful, said Mr. Subbarao. However, in his point of view other steps also need to be taken in the direction as the former alone will not suffice the requirements.

He also said that the banks must do the needful to educate the rural population about how they can open a bank account and how they can make transactions.