MUMBAI, FEB. 4: The Finance Ministry has convened a meeting of the heads of state-owned banks on February 6 to take stock of their financial inclusion drive and readiness to roll out direct benefit transfer across the country. In the run-up to the general elections, which is only a year away, the UPA Government apparently wants the financial inclusion and direct benefit transfer (DBT) initiatives to reach the bottom of the socio-economic pyramid.
Success on the financial inclusion and DBT fronts could translate into electoral dividends, said a banker in the know of developments.
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