Twin Pillars of Indian Banking: Financial Literacy and Financial Inclusion.

The need for financial literacy and its importance for achieving financial inclusion have been widely recognised. Based upon literature review, various research studies on financial literacy initiatives and data analysis through an assumptive approach and secondly, through secondary data collection as collated from the Reserve Bank of India statistical tables cum census of India, this paper is an attempt to bring to the fore a dimension/correlation between Financial Literacy and Financial Inclusion. It is an attempt to understand as to how customising and in general too financial literacy programmes in India are crucial for greater penetration of Inclusive Banking and how they both complement each other in order to stand as the two strong pillars of Banking in India. [ABSTRACT FROM AUTHOR]