Monetary Policy
monetary policy is financial inclusion :
Monetary policy means controlling quantity of money available in an economy and
channels by which new money is supplied.monetary policy and financial inclusion are a two-way
mechanism.Financial inclusive helps reducing inflation and production volatility.Financial inclusion
improves efficiency in monetary policy by building social intolerance to inflation.Facilitates
withdrawal of money during during difficult times like pandemic smoothening the consumption pattern
Inflation targeting monetary policy protects individuals from unfavouarable income shocks that occur
when prices increase.
Financial Inclusion:
Access to financial inclusion products and services to all sections of soceity at an affrodable cost.
eg : Banking services
To promote financial inclusion , Indian government and RBI launched many intiatives like PM Jan
Dhan Yojana ,payment banks ,opening of no-frills accounts ,Relaxation on know -your-
customer(KYC)norms etc.....