International Journal of Commerce and Management Research

The term "financial inclusion" has gained importance since the early 2000s, a result of findings about financial exclusion and its direct correlation to poverty. The Reserve Bank has been encouraging banks to adopt a structured and planned approach to financial inclusion with commitment at the highest levels by preparing board-approved FIPs. Out of 3,445 rural bank branches opened during 2014-15, 2,230 branches were opened in unbanked rural centers. Around 155 million Basic Savings Bank Deposit Accounts (BSBDAs) were added taking the total BSBDAs to 398 million. This includes 147 million accounts opened under PMJDY. With the addition of 2.6 million small farm sector credits (Kisan Credit Cards-KCCs) and 1.8 million small non-farms sector credits (General Credit Cards-GCCs), the total number of such accounts went up to nearly 42.5 million and 9.2 million respectively This paper overlooks on a study of financial inclusion plan and its implementation in unbanked area of India.