Multiple choice

As we all know Govt. of India is very keen to provide banking services to Agriculture and Rural sectors. The panel set up for the same has suggested to open how many branches by each commercial bank to bring all 5·5 crore poors in the service net?

  1. 100

  2. 150

  3. 250

  4. 300

  5. None of these

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The committee on financial inclusion (led by Dr. Raghuram Rajan) recommended that each commercial bank should open 250 branches in unbanked areas to provide banking access to the estimated 5.5 crore poor households. This was part of the broader financial inclusion initiative to bring underserved populations into the banking system.