I would like the see the Budget making allocation for financial inclusion from both the dimensions of demand as well as supply. For "Demand" side, that is, financially excluded population:
(1) Huge allocation for financial literacy campaigns - especially in remote/excluded districts to make them understand products and procedures.
(2) Huge allocation for campaign for basic technology awareness building. For example, they should understand how to use ATMs - for withdrawal or deposits, or hand-held device for opening A/c. For supply side:
(1) Allocation for banks/government conducting mass-media campaign for building product/procedure awareness.
(2) Allocation of subsidy to banks for using robust technology. Preference should be given to Regional Rural Banks and Co-operative Banks.
Special allocation for National Pension Scheme (Lite) product. Central government is giving co-contribution of Rs1,000 to each individual up to year 2017. This period for co-contribution should be increased for next ten years.