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A Nachiket bonus: Financial inclusion will send money velocity zooming

If financial inclusion is an objective of economic development and circulation, and velocity of money an ideal that accelerates that circulation, a new roadmap shows the way forward. The Nachiket Mor committee report on comprehensive financial services for small businesses and low-income households is not just another chronicle on banking. The 247-page treatise is a fascinating forecast into the transformation of finance itself. It is the clearing up of a financial trail that had been camouflaged by ideas of the past; now that it is visible, it’s oh-so-obvious route to financial inclusion awaits the destruction of policy barriers and flow of traffic. Less than one month old, it is crying out for prompt execution.
My column in Firstbiz

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