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What is Financial Inclusion Plan (FIP) in India?

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What is Financial Inclusion Plan (FIP) in India?
posted Aug 31, 2017 by Rani Das

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Financial Inclusion Plan is the RBI designed financial inclusion measures to be implemented by commercial banks to provide banking services in unbanked villages. As part of the programme, all public sector and private sector banks have to prepare a three-year plan to extend their services in the identified unbanked areas.

The FIP was implemented in two phases – 2010- 2013 and 2013-2016.

answer Sep 2, 2017 by Mukul Chag
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