The Reserve Bank of India (RBI) has taken various steps to improve flow of credit to all the productive sectors of the economy. The main challenge is to bring those sections of society that are financially excluded into the ambit of the formal financial system. Various initiatives have been taken in this area including the rollout of financial inclusion plans (FIPs), enhancing the scope of the business correspondent (BC) model, improving credit delivery procedures with respect to the micro and small enterprises (MSE) sector and encouraging the adoption of information and communication technology (ICT) solutions.
Chapter 4 of the Reserve Bank of India's 2014-15 Annual Report reviews the progress made in credit delivery and financial inclusion. The chapter covers the following topics:
1. Credit Delivery Performance In Achievement of Priority Sector Lending Targets
2. Flow of Credit to the Agricultural Sector
3. Rationale for the Revised General Credit Card (GCC) Scheme
4. Kisan Credit Cards (KCC) Scheme
5. Flow of Credit to Micro, Small and Medium Enterprises
6. Implementation of the Lead Bank Scheme (LBS)
7. Financial Inclusion Plan and Its Performance Evaluation
8. Financial Literacy
9. Recommendations of Committee on Comprehensive Financial Services for Small Businesses and Low Income Households
