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    Which committee is associated with the financial inclusion in India?
    Question

    Which committee is associated with the financial inclusion in India?

    A.

    Rangarajan Committee

    B.

    Narasimham Committee

    C.

    Kelkar Committee

    D.

    Nachiket Mor Committee

    Correct option is D

    The Nachiket Mor Committee is specifically associated with financial inclusion in India. It was set up by the Reserve Bank of India (RBI) in 2013 to frame a comprehensive policy framework to bring about comprehensive financial inclusion and increase access to financial services in a sustainable manner.

    Nachiket Mor Committee
    Its main aim was framing a clear and detailed vision for financial inclusion and financial deepening. The Committee outlined six vision statements for full financial inclusion: Access to payment services and deposit services at a reasonable cost. Access to affordable formal credit.

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