Financial inclusion is required for the establishment of equality within the society. However, this mission needs the involvement of not only banks but also others like the postal department, voluntary organizations, etc.

The word `Financial Inclusion' draws attention every alternate day (if not everyday) of all those who are worried about the lopsided development of the Indian economy. It means providing greater access to financial services and introducing the concept of basic banking account to every citizen of India (including the minors) residing in villages and cities. The Government of India is serious about this issue and, as a first step, has set up a Financial Inclusion Task Force to convert the dream into a reality.

Everybody, from the World Bank to economists, financial investors to Corporates, is jubilant and hopeful about the economic growth of the country, which has been growing at a steady rate of 8.5% to 9% during the last five years or so. The target for Gross Domestic Product (GDP) growth in India for 2007-08 was revised at approximately 8.5%.

The purchasing power of Indians is growing at a very fast pace. However, issues that are perplexing are the increasing disparity in: The growth rate of agricultural sector vis-à-vis other sectors, and General well-being of those living below poverty line vis-à-vis those who are above it.

Professional Banker Magazine, Financial Inclusion, Economists, Indian Economy, Banking Sectors, Gross Domestic Product, GDP, Health Insurance Sectors, Credit Card Industry, Financial Services, Non-Government Organizations, NGOs,District Rural Development Agency, DRDA.