Committee on Medium-term Path on Financial Inclusion
# Committee on Medium-term Path on Financial Inclusion

Committee on Medium-term Path on Financial Inclusion is an experts committee formed by the Reserve Bank of India (RBI) on 15 July 2015 to create a five-year plan for financial inclusion in India. It is headed by Deepak Mohanty, executive director of RBI. It is expected to submit its report within four months.

## Members

The committee was head by Deepak Mohanty. Other members of the committee were:

* Ashok Gulati, Infosys Chair Professor for Agriculture, Indian Council for Research on International Economic Relations (ICRIER)
* Asli Demirgüç-Kunt, director of research, The World Bank
* A. P. Hota, MD & CEO, National Payments Corporation of India
* Paresh Sukthankar, deputy managing director, HDFC Bank
* Kishor P. Kharat, executive director, Union Bank of India
* Subrata Gupta, chief general manager, National Bank for Agriculture and Rural Development
* Pawan Bakhshi, head – Financial Services for the poor programme in India, Bill and Melinda Gates Foundation
* Sudarshan Sen, principal chief general manager, Department of Banking Regulation, Reserve Bank of India
* Arun Pasricha, chief general manager, Consumer Education and Protection Department, Reserve Bank of India
* Nanda S. Dave, chief general manager, Department of Payment and Settlement Systems, Reserve Bank of India
* Y. K. Gupta, director, Department of Statistics and Information Management, Reserve Bank of India
* Saibal Ghosh, deputy adviser, research, Centre for Advanced Financial Research and Learning (CAFRAL)

## Objective

The objective of the committee is to examine the existing policy regarding financial inclusion and the form a five-year action plan. The plan will have several components with regard to payments, deposits, credit, social security transfers, pension and insurance. Each component will be made monitor-able with milestones to track the progress of the plan.

