Impact of Growth in Population on Economy

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FINANCIAL INCLUSION

The objective of Financial Inclusion is to extend financial services to the large hitherto un-served population of the country to unlock its growth potential. In

addition, it strives towards a more inclusive growth by making financing available to the poor in particular.

2.

Position of households availing banking services :

As per Census 2001 Number of households availing banking services 41,639,949 26,590,693 68,230,642

As per Census 2011 Number of households availing banking services 167,826,730 78,865,937 246,692,667

Households Rural Urban Total

Total number of households

Percent

Number

Percent

138,271,559 53,692,376 191,963,935

30.1 49.5 35.5

91,369,805 53,444,983 144,814,788

54.4 67.8 58.7

3.

Bank-Branch and ATM Net-work: Number of branches of Scheduled Commercial Banks as on 31st December,

(a) 2012:

Bank Group-wise Number of branches as on 31.12.2012 SemiBank Group Rural urban Urban Metropolitan Total Public Sector Banks 22812 18422 14454 13502 69190 Private Sector Banks 1701 4974 3665 3755 14095 Foreign Banks Regional Rural Banks Total 8 12451 36972 9 3190 26595 63 865 19047 248 158 17663 328 16664 100277

(b)

Number of functioning branches of Scheduled Commercial Banks during last

three years: As on March 31, 2010 March 31, 2011 March 31, 2012 December 31, 2012 Rural 32525 33800 34671 36972 Semi-urban 20776 22961 24133 26595 Urban 16678 17563 18056 19047 Metropolitan 15342 16293 16799 17663 Total 85321 90617 93659 100277

(c)

Number of branches of Scheduled Commercial Banks opened during last

three years: Population group Rural Semi-urban Urban Metropolitan Grand total (d) 2009-10 974 1704 1398 1116 5192 2010-11 1280 2186 890 958 5314 2011-12 2051 2479 1065 908 6503

No. of villages and Average Population per Branch (APPB):

Number of villages in India as per the 2001 Census Average Population per Bank Branch (APBB) as on 31.3.2012

600,000 (approx.)

12,921

(e)

No. of bank branches of SCBs over the years:

Number of scheduled commercial bank branches as on 31st December, 1969 Number of scheduled commercial bank branches as on 31st March, 1990 Number of scheduled commercial bank branches as on 31st March, 2012

8,826 59,762 93,659

(f)

Number of ATMs in the country as on 30th September, 2012 Rural Public Sector Banks Old Private Sector Banks New Private Sector Banks Foreign Banks Total 6926 615 1739 33 9,313 SemiUrban 15638 2356 6146 22 24,162 Urban 20075 2046 10703 254 33,078 Metropolitan 17934 1489 14718 1052 35,193 Total 60573 6506 33306 1361 101,746

4.

Expansion of Banking Infrastructure: As per Census 2011, only 58.7%

households are availing banking services in the country. There are 100,277 branches of Scheduled Commercial Banks (SCBs) in the country, out of which 36,972 (36.9%) bank branches are in the rural areas and 26,595 (26.5%) in semiurban areas, constituting 63 per cent of the total numbers of branches in semi-urban and rural areas of the country. However, still a significant proportion of the households, especially in rural areas, are still outside the formal fold of the banking system. To extend the reach of banking to those outside the formal banking system, Government and Reserve Bank of India (RBI) are taking various initiatives from time to time some of which are enumerated below:-

(a)

Opening of Bank Branches: Government had issued detailed strategy and

guidelines on Financial Inclusion in October 2011, advising banks to open branches in all habitations of 5,000 or more population in under-banked districts and 10,000 or more population in other districts. As per reports received from the Convener Banks of State Level Bankers Committees (SLBCs), out of 3,930 identified villages / habitations, branches have been opened in 3,125 villages / habitations (including 1,998 Ultra Small Branches) by end of January, 2013.

(b)

Each household to have atleast one bank...
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