1. “To ensure that banks give adequate attention to Financial Inclusion, they must view it as a viable business proposition rather than a regulatory obligation”. In this context, discuss the challenges faced in Financial Inclusion in India with special reference to Nachiket Mor Committee recommendations.

Approach:

Firstly, define financial inclusion in brief and then discuss the challenges to financial inclusion in India. Finally bring out the recommendation of Nachiket Mor Committee regarding these challenges.