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shine india magazine subscription Published this articles page no 126
The reach of banking was limited despite different initiatives of financial inclusion contributing in changing the economic landscape in India. There were still important factors such as poverty low income levels and distance from bank branches that were restricting vulnerable groups from getting access to the formal banking system. According to Census 2011 only 58.7 percent of total households in India and only 54.4 percent households in rural areas had access to formal banking services.shine india magazine subscription
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