Nationalization of banks in 1969 and subsequent developments led to the expansion of geographical and functional reach by commercial banks, Regional Rural Banks and Co-operative credit institutions. Public policy aimed at “social” and “development bonding” by meeting rural credit needs and reducing the dependency on informal sector credit. It may be noted that despite of vast expansion, a large number of group remain excluded from the “opportunities and services” provided by the financial sector. Such excluded groups include small and marginal farmers, women, unorganized sector workers including artisans, self-employed and pensioners. Against this background, the objective
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