Indian economy in general and banking services in
particular have made rapid strides in the recent
past. However, a sizeable section of the population,
particularly the vulnerable groups, such as weaker
sections and low income groups, continue to remain
excluded from even the most basic opportunities and
services provided by the financial sector. In order
to address the issues of financial inclusion, the
Government of India constituted a Committee on
Financial InclusionÂť under the Chairmanship of Dr.
C. Rangarajan. The Committee submitted its final
report to Honorable Union Finance Minister on 04
The Committee on Financial Inclusion has defined
Financial Inclusion as "the process of ensuring
access to financial services and timely and adequate
credit where needed by vulnerable groups such as
weaker sections and low income groups at an
Among other recommendations, the Committee has
recommended setting up of two funds - Financial
Inclusion Fund (FIF) and Financial Inclusion
Technology Fund (FITF). The two funds have been
established with NABARD which is the coordinating
agency of Financial Inclusion initiatives with
Financial Inclusion Department (FID) as the nodal
Under this services Lead Bank and others Banks
operating in district are trying to cover maximum
villages under this program by providing the
services at villages level through its business
correspondent ( Who is villages level computer
literate persons providing shall provide all
financial services Narega Payment , Daily Deposit ,
Daily recovery and follow up and processing of small
loans opening of new a/c through business
correspondent , Business facilitators.
State Level Bankers' Committee (SLBC) STATE
LEVEL BANKERS' COMMITTEE RAJASTHAN
Bank of Baroda is convenor of SLBC in Rajasthan.
The Chairman and Managing Director of Bank of Baroda
is the ex-officio Chairman of the Committee.
The SLBC is located in the Zonal Office of Bank of
Baroda, Zonal Office, Anand Bhawan, IVth Floor,
Sansar Chand Road, Jaipur.
The basic philosophy of the Committee is to secure
co-ordination amongst the Banks, Government and
other development agencies. The SLBC is pioneer
forum in ensuring timely and adequate credit to
Agriculture non-farm sector and other priority in
Rajasthan in a co-ordinated manner.
This has helped a lot in enhancing development level
of the State particularly in last 2 and half
Simultaneously the forum is also been effectively
instrumental in implementing the Government
Sponsored Schemes so much so that various agencies
look forward us for sorting out various issues which
impede the process of development.
1. SLBC is an inter-institutional forum for
co-ordination and joint implementation of
Development programmes and policies by all the
financial institutions / Government agencies in the
1. The responsibility of SLBC Convenorship in
Rajasthan is with Bank of Baroda.
2. This forum came into existence in the year
3. They are three sub of committees of SLBC
4. Sub-Committee of SLBC for MSME
Sub-Committee of SLBC for R-SETIS
Sub-Committee of SLBC for Underbanked District/Block
SLBC and lead bank jointly work for development
of district / State by providing financial services
particularly poor weaker section, minority, SC/ST ,
Role of Nabarad
Promote sustainable and Equitable Agriculture and
Rural Prosperity through Effective Credit Support,
Related Services, Institution Development and Other
Innvoative Initiatives. Providing subsidy for e.g.
Agriculture and rural development ( Animal husbandry
and farm mechanization )Preparation and monitoring
potential link financial development and all poverty
elevation program. Having its district development
office at kota.
Development and Self
: RUNNING BY PUNJAB
FLCC : FLCC
(Financial Literacy cum
Centre) : FLCC was
working since 28-11-2011
which was inaugurated
online by Honorable
Finance Minister Mr.
Pranab Mukherji on 21
Room 151-52 Mini.
Secretiate , Jhalawar
Tel No. 07432-230216