I have bank accounts with all major bank in my Area. So I never thought that there might be people without any account in any bank but unfortunately there are 41% population who is having no bank account.
Basically it is confined to Rural & backward areas of India. For financial needs they are dependent upon local SAHUKARS who actually makes poor a poorer.
Finally today I saw that Govt. has decided to initiate a nice move, they will appoint bank for each area and will move door to door to atleast achieve one bank account per house. The nicest thing about all this that they will get a Standard Credit Card on which they can have loan without security upto Rs. 25000.
I appreciate this move but I fear that working of Govt. and miss-loyalty govt. employees will only make it a huge expense but very few results.
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