Which of the following committees has given its recommendations on ‘financial inclusion’?

Correct option is C

• The Committee on Financial Inclusion was constituted by the Government of India (Chairman Dr. C. Rangarajan) on June 26,  to prepare a strategy for financial

• inclusion. The Committee submitted its final Report on January 4, .

•  The Report viewed financial inclusion as a comprehensive and holistic process of ensuring access to financial services and timely and adequate credit, particularly for vulnerable groups such as weaker sections and low-income groups at an affordable cost. Financial inclusion, therefore,

• according to the Committee, should include access to mainstream financial products such as bank accounts, credit, remittances and payment services, financial advisory services and insurance facilities.

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