Montek Singh Ahluwalia, deputy chairman, Planning Commission reportedly said that increasing broadband and mobile penetration were essential to further reduce the costs of financial inclusion in India. He added that the concept of financial inclusion should be more far reaching and inclusive.
He further said that as mobile technology is integrated into various banking services, the cost of providing services to customers will reduce making financial inclusion more sustainable.
He added that there is an urgent need to proper utilise the financial support provided by the government to banks, post offices and mobile companies towards the cause of financial inclusion.
