The Illussion of Financial Inclusion

7/23/2019 The Illussion of Financial Inclusion

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PAPER PRESENTATION

ONTHE ILLUSION OF FINANCIAL

INCLUSION

NAME : B.N. RAVI SHANKER

DESIGNATION : RESEARCH SCHOLAR

UNIVERSITY : OSMANIA UNIVERSITY, HYDERABAD

EMAIL :[email protected]

MOBILE : 9866505094
mailto:[email protected]:[email protected]:[email protected]:[email protected]


2/23

IS FINANCIAL INCLUSION AN ILLUSION

Prof. M. Sulochana*

B.N. Ravi Shanker**

INTRODUCTION:

Financial Inclusion means delivery of financial services, at affordable cost, to

sections of disadvantaged and low income segments of society. The main objective of

financial inclusion is to provide a basic no-frills banking account. The concept has been

launched in India in the year 2004 by RBI by setting up a khan commission with a

view to provide financial services for the vulnerable groups. It has guided many

commercial banks and financial institutions to achieve 100% financial inclusion.

NEED FOR THE STUDY:

It is right time now, after a lapse of 8 years of the launch of Financial Inclusion

project, to review the performance leading to success or failure of the project. A third of

the country's 623 districts in 18 states and six union territories today claim to have

achieved 100% financial inclusion. Further, every district in Haryana, Himachal Pradesh,

Karnataka, Kerala, Uttarakhand and Goa has reported complete financial inclusion.

But, on the other hand there are criticisms that the 100% financial inclusion claim

is bit of a myth. Nearly 80% of the Indian population is still without life, health andnon-life insurance coverage. While life insurance penetration is 4%, non-life cover is

even lower at 0.6%. The per capita spend on life and non-life insurance is just

aboutRs2, 000 and Rs300, respectively, compared with a global average of at least Rs18,

000 and Rs13, 000. Another hard to digest reality is that out of the 660,000 habitations

in India with a population of 100 or more millions, only 33,000 have a commercial

bank branch. That's approximately one branch for every 20 habitations.

The jugglery of statistics can be used for either success or failure of the scheme.

Many finance pundits regret that the noble scheme of financial inclusion, with lofty

objectives is faltering and remained a dismal.


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STATEMENT OF THE PROBLEM:

The first basic product of Financial Inclusion is bank account for each family.

RBIs 2005 initiative to introduce no frill accounts where no introductory deposit or verylow minimum balances were to be maintained, proved very effective as the banking

system has opened 103 million no frill accounts as on 31.3.2012. But a close look at

the figures by scrutinizing the data district-wise, village-wise and population-wise, the

picture is not very encouraging. A pilot study of bank accounts opened under FI by the

SBI in Telangana region is made, to find out if the target accounts are opened. The total

figure of accounts opened may distort the reality. It is in this background that the present

study to review the progress of one of the components of financial inclusion viz. opening

of bank accounts for every family, to identify problems and chalk out a plan for better

results, assumes importance.

The study is based on secondary data from RBI Reports, State Bank of India

reports.

OBJECTIVES:

The study aims to find out the reach of the banking system to the disadvantaged

in Telangana region and also to find out the factors responsible for success or failure of

the scheme of financial inclusion;

SCOPE:

The scope of the study is limited to Telangana region in Andhra Pradesh. Further,

only one of the three components of FI viz. Opening of bank accounts under Financial

inclusion scheme in Telangana region till 31, March 2012 is covered.

SOURCES OF DATA: Secondary data is used for the study.


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FINDINGS & SUGGESTIONS:

Table No.1:

STATE BANK OF INDIA

DISTRICT WISE BANK ACCOUNTS

S.NO

NAME OF THE

DITRICT POPULATION BANK A/C`s OPENED

1 RANGA REDDY 5,296,396 3650

2 WARANGAL 3,522,644 78384

3 KARIMNAGAR 3,811,738 6920

4 KHAMMAM 2,798,214 2207

5 MEDAK 3,031,877 35494

6 ADILABAD 2,737,738 1317

7 MAHUBABNAGAR 4,042,191 53080

8 NIZAMBAD 2,555,073 2800

9 NALGONDA 3,483,648 40631

TOTAL 31,279,519 224483

Table No.2:

STATE BANK OF INDIA

RATIO OF POPULATION TO No. of BANK A/C `s

S.NO NAME OF THEDITRICT POPULATION

BANK

A/C`sOPENED RATIO OF POPULATION TONo. of BANK A/C `s

1 RANGA REDDY 5,296,396 3650 1451:1

2 WARANGAL 3,522,644 78384 45:1

3 KARIMNAGAR 3,811,738 6920 551:1

4 KHAMMAM 2,798,214 2207 1267:1

5 MEDAK 3,031,877 35494 85:1

6 ADILABAD 2,737,738 1317 2078:1

7 MAHUBABNAGAR 4,042,191 53080 76:1

8 NIZAMBAD 2,555,073 2800 913:1

9 NALGONDA 3,483,648 40631 85:1

TOTAL 31,279,519 224483 139:1


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There are 9 districts in Telangana region with a population of 3,12,79,519. Thenumber of banks accounts opened till 31-3-2012 in the Telangana region were

2,24,483. A ratio of population to the bank accounts opened in each of the 9

districts is calculated in order to get an idea about number of accounts yet to be

opened.

Further, an estimate of the number of families residing in each district is made onthe assumption that there may be 6 members, on an average in each family.

Based on the estimate the percentage of families covered for bank account opening

purpose.

Table no 1, 2, and 3 give a picture about a number of bank accounts opened ineach district, ratio of population to number of bank accounts and percentage of

families covered for bank account opening. It may be observed from table no 1that Warangal tops the list regarding the number of bank accounts opening

followed by Mahabubnagar and Nalgonda district.

Least number of accounts opened in Adilabad though the population is above 27lakhs. Khammam and Nizambad districts also not covered well.

Though Warangal appears to be better than others as far as bank accountsconcerned. Only 45 persons have an bank account opened. Mahabubnagar,

Nalgonda and Medak fall in the second place where in 76:1, 85:1, 85:1 are the

ratios of population to bank accounts opened.

As already mentioned no of families are calculated based on the assumption that6 member make a family on an avg. And % of families covered for bank

accounts opening is given in the table no. 3. The district fall in the same order,

Warangal being on the top followed by MBNR & Medak, Nalgonda with 13.35%

7.87% 7.0.2% and 6.99% of the families covered for bank accounts opening.

An in depth study is made to find out the no. of accounts opened in each villageunder each of 9 districts. Of the 9 districts Warangal is the biggest district. With

95 villages and hearing a population of 3,522,644 and with total no. of bank

accounts 78384. But surprisingly there are 17 villages in which no single account


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is opened till 31/03/2012. In other words 18% of the villages in Warangal district

are not touched by Banking system.

Mahabubnagar is the second biggest district with 91 villages having a populationof 4,042,191 with 53080 bank accounts. Though it appears that Mahabubnagar

district have achieved a moderate progress. There are 22% villages which have

nil bank accounts.

Medak takes third place with 61 villages, 35,494 bank accounts for a populationof 3,031,877. 13% of the villages under Medak district do not have even a single

bank account.

Karimnagar has the 21 villages with a population of 3,811,738 and 6920 bankaccounts. In this district 24% ( 5 ) of the villages are not covered by the banks.

Khammam has 14 villages with 2,798,214 population and 2207 bank accounts. Inthis district 29% of the villages are not covered by the banks.

Adilabad has 5 districts out of which 2 villages do not have single bank account.Amounting to 40% of the villages with nil bank accounts.

Nizamabad has 9 villages out of which 2 villages (i.e., 22%) of the villages arenot touched by the banks.

Rangareddy district has only 4 villages out of which 2 villages (i.e., 50%) of thevillages do not have bank accounts.


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CHALLENGES:

An informal interview with bank officials reveal reasons for low achieved of

targets, some of which are internal and others external which are discussed below.

Low returns Poor repayment Low potentiality Scalability Absence of appropriate technology Absence of reach and coverage Leverage of adequate supportive infrastructure Lack of suitable financial products. Less participatory by all Flawed delivery mechanism Lack of appropriate model Lack of awareness by the people

CONCLUSIONS:

Many of the poor are still "unbanked." Men and women in rural towns need to

travel hundreds of miles to the nearest bank in order to safely receive money from

overseas relatives. Further, farmers do not have insurance for their crops when floodsand drought wipe out their earnings. Without access to savings accounts, loans and

remittances, people have a hard time managing their finances, coping with risks and

disasters, and improving their economic opportunities.

Though the packages for financial inclusion are novel and even welcome, thedelivery mechanisms have not changed. In the absence of income security, financial

inclusion becomes very difficult to achieve. Many of these packages fail to address the

fluctuating nature of livelihood. Many, like microfinance credit, push them further into

dependence rather than address the basic problem of pulling them out of financial oreconomic distress.

There is a long way to go for achieving 100% financial inclusion. All the

stakeholders in the project have to make long strides in the direction of 100% success.

**************

*Professor & Former Dean, Faculty of Commerce, Osmania university, Hyd.

** Ph.D Research Scholar, Dept. of Commerce, Osmania university, Hyd.


9/23

ANNEXURES:

Table No.5:

STATE BANK OF INDIABANK ACCOUNTS OPENED IN VILLAGES UNDERRANGA REDDY DISTRICT

WITH A POPULATION OF 2000

S.NO

.

NAME OF THE

VILLAGE

BANK A/C`S OPENED

TILL 31-3-2012

TARGET ACHIEVED/NOT

ACHIEVED

1 ATEVELLE 3088 ACHIEVED

2 GIMAPUR 0 NOT ACHIEVED

3 KANDLAKOY 562 NOT ACHIEVED

4 SRIRANGAVARAM 0 NOT ACHIEVED

TOTAL 3650


10/23

Table No.6:

STATE BANK OF INDIA

BANK ACCOUNTS OPENED IN VILLAGES UNDERWARANGAL DISTRICTWITH A POPULATION OF 2000

S.N

O.

NAME OF THE

VILLAGE

BANK A/C`S OPENED

TILL 31-3-2012

TARGET ACHIEVED/NOT

ACHIEVED

1 ABBAIPALEM 635 NOT ACHIEVED

2 AINAPUR 410 NOT ACHIEVED

3 ANEPURAM 617 NOT ACHIEVED

4 BAIRANPALLE 0 NOT ACHIEVED

5 BANDOUTHAPURAM 971 NOT ACHIEVED

6 BOLLEPALLI 763 NOT ACHIEVED

7 CHEETURU 0 NOT ACHIEVED

8 CHELPUR 0 NOT ACHIEVED

9 CHINNANAGARAM 1828 ACHIEVED

10 CHUNCHANAKOTA 473 NOT ACHIEVED

11 DAMMANNAPET 0 NOT ACHIEVED

12 DHARMARAM 868 NOT ACHIEVED

13 DHARMARAOPET 1013 ACHIEVED

14 EDUNUTHALA 2302 ACHIEVED

15 EJERLA 290 NOT ACHIEVED

16 GANTLAKUNTA 0 NOT ACHIEVED

17 GUNDEPUDI 926 NOT ACHIEVED

18 ISSIPET 580 NOT ACHIEVED

19 JADALPET 1042 ACHIEVED

20 JAGGAIAHPET 1242 ACHIEVED

21 JANGEDU 11275 ACHIEVED

22 JANGEDU 0 NOT ACHIEVED

23 JANGLIGONDA 675 NOT ACHIEVED

24 JAYAPURAM 380 NOT ACHIEVED

25 JOOKAL 622 NOT ACHIEVED

26 KAKKIRALAPALLE 881 NOT ACHIEVED

27 KANAPARTHY 1064 ACHIEVED

28 KANNEGUNDLA 755 NOT ACHIEVED

29 KATKOOR 387 NOT ACHIEVED

30 KATRIAL 1213 ACHIEVED

31 KESHAVPUR 346 NOT ACHIEVED


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32 KODAVATANCHA 838 NOT ACHIEVED

33 KOLANPALLE 903 NOT ACHIEVED

34 KOMMULAVANCHA 972 NOT ACHIEVED

35 KOMPALLY 1193 ACHIEVED

36 KONDAPUR 582 NOT ACHIEVED37 KONDURU 746 NOT ACHIEVED

38 KONNE 1015 ACHIEVED

39 LINGAGIRI 605 NOT ACHIEVED

40 LINGAMPALLE 904 NOT ACHIEVED

41 MADANTHURTHY 0 NOT ACHIEVED

42 MADATHAPALLE 0 NOT ACHIEVED

43 MADDUR 1440 ACHIEVED

44 MALLIKUDURLA 94 NOT ACHIEVED

45 MANNEGUDEM 0 NOT ACHIEVED

46 MECHARAJUPALLI 709 NOT ACHIEVED

47 MOTLAPALLY 320 NOT ACHIEVED

48 MUDUPUGAL 1139 ACHIEVED

49 MULKALAPALLE 1287 ACHIEVED

50 MUNIGALAVEDU 2082 ACHIEVED

51 MUPPARAM 213 NOT ACHIEVED

52 MURIPIRALA 562 NOT ACHIEVED

53 MUTHOJIPET 0 NOT ACHIEVED

54 MYLARAM 862 NOT ACHIEVED

55 NAGAPURI 1295 ACHIEVED

56 NAINALA 647 NOT ACHIEVED

57 NANDANAM 81 NOT ACHIEVED

58 NANDIGAMA 232 NOT ACHIEVED

59 NARAYANAGIRI 1408 ACHIEVED

60 NEELAKURTHY 0 NOT ACHIEVED

61

PADAMAPATI

KESHAVAPUR 685 NOT ACHIEVED

62

PAKHAL-

ASHOKNAGAR 1301 ACHIEVED63 PALIVELPULA 893 NOT ACHIEVED

64 PATTIPAKA 801 NOT ACHIEVED

65 PEDDA KODEPAKA 509 NOT ACHIEVED

66 PEDDAPAHAD 485 NOT ACHIEVED

67 PEDDAPUR 1466 ACHIEVED

68 PEECHARA 0 NOT ACHIEVED


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69

PERUMANDLA

SANKESA 1390 ACHIEVED

70 PIDICILLA 999 NOT ACHIEVED

71 POCHAMPALLI 1995 ACHIEVED

72 PULIGILLA 311 NOT ACHIEVED

73 RAJULAKOTHAPALLE 986 NOT ACHIEVED

74 RAJUPET 930 NOT ACHIEVED

75 RAMAVARAM 1959 ACHIEVED

76 RANGAPUR 0 NOT ACHIEVED

77 RANGAPURAM 617 NOT ACHIEVED

78 RANGAPURAM 1293 ACHIEVED

79 REBARTHY 609 NOT ACHIEVED

80 RELAKUNTA 1559 ACHIEVED

81 REPAKA 836 NOT ACHIEVED

82 SANNUR 1126 ACHIEVED

83 SHAMIRPET 0 NOT ACHIEVED

84 SRIRAMGIRI 892 NOT ACHIEVED

85 TAHARAPUR 0 NOT ACHIEVED

86 TALLAPOOSAPALLE 388 NOT ACHIEVED

87 THIRMALAPALLE 432 NOT ACHIEVED

88 ULLEPALLI 451 NOT ACHIEVED

89 VAVILALA 0 NOT ACHIEVED

90 VECHARENI 212 NOT ACHIEVED

91 VEERAVARAM 1632 ACHIEVED

92 VELDHI 128 NOT ACHIEVED

93 VEMULAPALLI 752 NOT ACHIEVED

94 YERRA GOLLAPAHAD 0 NOT ACHIEVED

95 YERRABALLIGUDEM 1060 ACHIEVED

TOTAL78384


13/23

Table No.7:

STATE BANK OF INDIA

BANK ACCOUNTS OPENED IN VILLAGES UNDERKARIMNAGARDISTRICT WITH APOPULATION OF 2000

S.NO.

NAME OF THE

VILLAGE

BANK A/C`S OPENED TILL

31-3-2012

TARGET ACHIEVED/NOT

ACHIEVED

1 AREPALLI 2507 ACHIEVED

2 BADNAKAL 163 NOT ACHIEVED

3 CHELGAL 128 NOT ACHIEVED

4 CHIKODU 983 NOT ACHIEVED

5 DHARUR 167 NOT ACHIEVED

6 JABITHAPUR 163 NOT ACHIEVED

7 KANNALA 268 NOT ACHIEVED

8 MADDUNOOR 282 NOT ACHIEVED

9 MALKAPUR 128 NOT ACHIEVED

10 MALLAREDDIPET 0 NOT ACHIEVED

11 MOTHE 323 NOT ACHIEVED

12 NAGUNOOR 0 NOT ACHIEVED

13 NAMAPURAM 365 NOT ACHIEVED

14 NARSINGAPUR 170 NOT ACHIEVED

15 NEDUNOOR 0 NOT ACHIEVED

16 REKURTHI 350 NOT ACHIEVED

17 RENUKUNTA 0 NOT ACHIEVED

18 THERLAMADDI 398 NOT ACHIEVED

19 THIPPENNAPET 177 NOT ACHIEVED

20 VACHUNOOR 0 NOT ACHIEVED

21 VENUGUMETLA 348 NOT ACHIEVED

TOTAL 6920


14/23

Table No.8:

STATE BANK OF INDIA

BANK ACCOUNTS OPENED IN VILLAGES UNDERKHAMMAM DISTRICT WITH APOPULATION OF 2000

S.N

O.

NAME OF THE

VILLAGE

BANK A/C`S OPENED

TILL 31-3-2012

TARGET ACHIEVED/NOT

ACHIEVED

1 BANAURAM 177 NOT ACHIEVED

2 CHALLASAMUDRAM 80 NOT ACHIEVED

3 EDAVALLI 108 NOT ACHIEVED

4 ESWARAMADARAM 0 NOT ACHIEVED

5 GANDASIRI 0 NOT ACHIEVED

6 JUJJULARAOPETA 0 NOT ACHIEVED

7 KAMALAPURAM 187 NOT ACHIEVED

8 KAMBALAPALLE 320 NOT ACHIEVED

9 MEENAVOLE 447 NOT ACHIEVED

10 PARUPALLI 177 NOT ACHIEVED

11 PEDA GOPARAM 53 NOT ACHIEVED

12 POCHARAM 290 NOT ACHIEVED

13 THIRTHALA 368 NOT ACHIEVED

14 VISWANADHAPALLE 0 NOT ACHIEVED

TOTAL 2207


15/23

Table No.9:

STATE BANK OF INDIA

BANK ACCOUNTS OPENED IN VILLAGES UNDERMEDAKDISTRICT WITH APOPULATION OF 2000

S.N

O.

NAME OF THE

VILLAGE

BANK A/C`S OPENED

TILL 31-3-2012

TARGET ACHIEVED/NOT

ACHIEVED

1 ALLIPUR 810 NOT ACHIEVED

2 ALMAIPET 905 NOT ACHIEVED

3 ANKIREDDYPALLI 1238 ACHIEVED

4 BACHEPALLY 721 NOT ACHIEVED

5 BANDARAM 0 NOT ACHIEVED

6 BONTHAPALLY 145 NOT ACHIEVED

7 CHANDAMPET 721 NOT ACHIEVED

8 CHANDLAPUR 1116 ACHIEVED

9 CHEELASAGAR 309 NOT ACHIEVED

10 CHERIYAL 0 NOT ACHIEVED

11 CHILIPCHED 0 NOT ACHIEVED

12 CHINNA SHIVNOOR 310 NOT ACHIEVED

13 DAMARAKUNTA 0 NOT ACHIEVED

14 DAPPUR 279 NOT ACHIEVED

15 DOMADUGU 6 NOT ACHIEVED

16 ELMAKANNA 849 NOT ACHIEVED

17 FASALWADI 348 NOT ACHIEVED

18 GHANPUR 584 NOT ACHIEVED

19 GOJWADA 240 NOT ACHIEVED

20 GOLLAPALLE 479 NOT ACHIEVED

21 ITIKYAL 1511 ACHIEVED

22 JAGDEVPUR 6382 ACHIEVED

23 JAKKAPUR 550 NOT ACHIEVED

24 KAGAZMADDUR 51 NOT ACHIEVED

25 KALABGOOR 150 NOT ACHIEVED

26 KALIVEMULA 0 NOT ACHIEVED

27 KANCHANPALLY 857 NOT ACHIEVED

28 KANUKUNTA 313 NOT ACHIEVED

29 KHAJAPUR 155 NOT ACHIEVED

30 KHAMMAPALLI 377 NOT ACHIEVED

31 KOLGUR 67 NOT ACHIEVED


16/23

32 KONDAPUR 447 NOT ACHIEVED

33 KYSARAM 72 NOT ACHIEVED

34 LAKDARAM 1431 ACHIEVED

35 MAKKARAJPET 478 NOT ACHIEVED

36 MAREPALLE 262 NOT ACHIEVED37 MARIDI 1213 ACHIEVED

38 MARPADAGA 911 NOT ACHIEVED

39 MASAN PALLE 313 NOT ACHIEVED

40 MOHAMMEDNAGAR 204 NOT ACHIEVED

41 NAGDHAR 1193 ACHIEVED

42 NANDIGAMA 923 NOT ACHIEVED

43 NARMETTA 0 NOT ACHIEVED

44 PIDCHED 1082 ACHIEVED

45 RAGHAVAPUR 835 NOT ACHIEVED

46 RAJILAPUR 0 NOT ACHIEVED

47 RAMANCHA 623 NOT ACHIEVED

48 RAVELLI 407 NOT ACHIEVED

49 REDDIPALLE 50 NOT ACHIEVED

50 SALABATPUR 11 NOT ACHIEVED

51 SHNAKAPUR 364 NOT ACHIEVED

52 SIRISANAGANDLA 1333 ACHIEVED

53 SURARAM 593 NOT ACHIEVED

54 TENKATI 153 NOT ACHIEVED

55 THUNKI 0 NOT ACHIEVED

56 TOGURPALLI 594 NOT ACHIEVED

57 TUNKIKHALASA 243 NOT ACHIEVED

58 VAILAL 201 NOT ACHIEVED

59 VELTOOR 467 NOT ACHIEVED

60 VITTALAPUR 1165 ACHIEVED

61 WADIARAM 453 NOT ACHIEVED

TOTAL 35494


17/23

Table No.10:

STATE BANK OF INDIA

BANK ACCOUNTS OPENED IN VILLAGES UNDERADILABAD DISTRICT WITH APOPULATION OF 2000

S.N

O.

NAME OF THE

VILLAGE

BANK A/C`S OPENED

TILL 31-3-2012

TARGET ACHIEVED/NOT

ACHIEVED

1 ANKOLI 0 NOT ACHIEVED

2 BADANKURTHI 0 NOT ACHIEVED

3 BARAMPUR 799 NOT ACHIEVED

4 MANDAPALLI 22 NOT ACHIEVED

5 RAJURA 496 NOT ACHIEVED

TOTAL 1317


18/23

Table No.11:

STATE BANK OF INDIA

BANK ACCOUNTS OPENED IN VILLAGES UNDERMAHABUBNAGARDISTRICTWITH A POPULATION OF 2000

S.N

O.

NAME OF THE

VILLAGE

BANK A/C`S OPENED

TILL 31-3-2012

TARGET ACHIEVED/NOT

ACHIEVED

1 ALOOR 0 NOT ACHIEVED

2 AMARAVAI 346 NOT ACHIEVED

3 AMISTAPUR 274 NOT ACHIEVED

4 ANNASAGAR 2 NOT ACHIEVED

5 ANUGONDA 557 NOT ACHIEVED

6 APPAREDIPALLE 202 NOT ACHIEVED

7 ARGIDDA 1287 ACHIEVED

8 ARKAPALLE 271 NOT ACHIEVED

9 AUREPALLE 0 NOT ACHIEVED

10 BAPANAPALLI 197 NOT ACHIEVED

11 BHALLANPALL 278 NOT ACHIEVED

12 BINGIDODDI 1072 ACHIEVED

13 BOLLAMPALLE 1989 ACHIEVED

14 BOMMANPAD 0 NOT ACHIEVED

15 BORAVELLE 698 NOT ACHIEVED

16 BOYAPALLE (RURAL) 174 NOT ACHIEVED

17 BRAHMANAPALLE 579 NOT ACHIEVED

18 CHANDAPUR 182 NOT ACHIEVED

19 CHATANPALLE 221 NOT ACHIEVED

20 CHEGUR 0 NOT ACHIEVED

21 CHELIMILLA 814 NOT ACHIEVED

22 CHERUKUR 1436 ACHIEVED

23 CHINNA TANDRAPAD 460 NOT ACHIEVED

24 CHINNIPADU 307 NOT ACHIEVED

25 DHARMAPUR 599 NOT ACHIEVED

26 DOOSAKAL - NOT ACHIEVED

27 DOREPALLI 921 NOT ACHIEVED

28 GANGAVARAM 1814 ACHIEVED

29 GANTRAOPALLE 1546 ACHIEVED

30 GORLAKHANDODDI 1809 ACHIEVED

31 GUDUR 0 NOT ACHIEVED


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32 INDRAKAL 0 NOT ACHIEVED

33 JALLAPUR 0 NOT ACHIEVED

34 JULAKAL 577 NOT ACHIEVED

35 KAMMADANAM 463 NOT ACHIEVED

36 KAMSANIPALLE 138 NOT ACHIEVED37 KANCHIRAOPALLY 143 NOT ACHIEVED

38 KARNI 2190 ACHIEVED

39 KONKALA 887 NOT ACHIEVED

40 KUCHINERLA 1277 ACHIEVED

41 KUDIKILLA 0 NOT ACHIEVED

42 KUMMERA 411 NOT ACHIEVED

43 LATTUPALLE 994 NOT ACHIEVED

44 MAMIDIPALLE 234 NOT ACHIEVED

45 MANGANURU 2601 ACHIEVED

46 MANNAPUR 450 NOT ACHIEVED

47 MANTHENGOUD 712 NOT ACHIEVED

48 MARCHALA 1810 ACHIEVED

49 MARUMUNAGALA 0 NOT ACHIEVED

50 MOGALAMADKA 83 NOT ACHIEVED

51 NAGANUL 218 NOT ACHIEVED

52 NANDI WADDEMAN 832 NOT ACHIEVED

53 NANDINNE 1042 ACHIEVED

54 NARLAPURAM 326 NOT ACHIEVED

55 NEREDGAM 0 NOT ACHIEVED

56 PALWAL 323 NOT ACHIEVED

57 PANJUGUL 1292 ACHIEVED

58 PATCHARLA 989 NOT ACHIEVED

59 PEDATHANDRAPADU 564 NOT ACHIEVED

60 PENCHIKAPADU 0 NOT ACHIEVED

61 PERAPALLI 826 NOT ACHIEVED

62 POTHEPALLE 0 NOT ACHIEVED

63 PULLIKAL 648 NOT ACHIEVED

64 RACHALA 171 NOT ACHIEVED

65 RAMAPURAM 512 NOT ACHIEVED

66 RAMPUR 826 NOT ACHIEVED

67 RAYANPET 1027 ACHIEVED

68 RENVATLA 1564 ACHIEVED

69 SANKIREDDYPALLE 0 NOT ACHIEVED


20/23

70 SATHAPUR 575 NOT ACHIEVED

71 SAVAIGUDEM 312 NOT ACHIEVED

72 SHAKHAPUR 255 NOT ACHIEVED

73 SIDDAPUR 284 NOT ACHIEVED

74 SIDDAPUR 1406 ACHIEVED75 TAKKASILA 952 NOT ACHIEVED

76 TANAGALA 897 NOT ACHIEVED

77 THARNIKAL 0 NOT ACHIEVED

78 THATIPAMULA 0 NOT ACHIEVED

79 THUMMALACHERUVU 935 NOT ACHIEVED

80 THUMMELLA 1276 ACHIEVED

81 TURKAPALLE 227 NOT ACHIEVED

82 VATHUGUNDLA 191 NOT ACHIEVED

83 VATTEM 0 NOT ACHIEVED

84 VELGONDA 0 NOT ACHIEVED

85 VELLTOOUR 0 NOT ACHIEVED

86 WADDEPALLI 192 NOT ACHIEVED

87 YADIREDDIPALLE 992 NOT ACHIEVED

88 YELLIKAL 1296 ACHIEVED

89 YELLURU 565 NOT ACHIEVED

90 YENDABETLA 171 NOT ACHIEVED

91 YENMANBETLA 389 NOT ACHIEVED

TOTAL 53080


21/23

Table No.12:

STATE BANK OF INDIA

BANK ACCOUNTS OPENED IN VILLAGES UNDERNIZAMABAD DISTRICTWITH A POPULATION OF 2000

S.N

O.

NAME OF THE

VILLAGE

BANK A/C`S OPENED

TILL 31-3-2012

TARGET ACHIEVED/NOT

ACHIEVED

1 BADSI 0 NOT ACHIEVED

2 DESAIPET 378 NOT ACHIEVED

3 JANGAMAIPALLE 62 NOT ACHIEVED

4 KULASPUR 333 NOT ACHIEVED

5 MANAL 751 NOT ACHIEVED

6 MUDAKPALLI 0 NOT ACHIEVED

7 NALESHWAR 542 NOT ACHIEVED

8 SUDDULAM 366 NOT ACHIEVED

9 THIMMANAGAR 368 NOT ACHIEVED

TOTAL 2800


22/23

Table No.13:

STATE BANK OF INDIA

BANK ACCOUNTS OPENED IN VILLAGES UNDERNALGONDA DISTRICT WITH A

POPULATION OF 2000

S.N

O.

NAME OF THE

VILLAGE

BANK A/C`S

OPENED TILL 31-3-

2012

TARGET ACHIEVED/NOT

ACHIEVED

1 BOLLANAPALLY 1164 ACHIEVED

2 CHEPUR 1916 ACHIEVED

3 CHERUVUANNARAM 707 NOT ACHIEVED

4 CHINAKAPRTHY 1161 ACHIEVED

5 CHINNAKONDUR 1366 ACHIEVED

6 DUGUNEVELLY 699 NOT ACHIEVED

7 ELIKATTE 773 NOT ACHIEVED

8 GAJULAMALKAPURAM 1013 ACHIEVED

9 GANDAMALLA 459 NOT ACHIEVED

10 GHANAPURAM 448 NOT ACHIEVED

11 INDUGULA 1126 ACHIEVED

12 K R C PURAM 1334 ACHIEVED

13 KARVIRALA 1116 ACHIEVED

14 KASARLAPAHAD 1185 ACHIEVED

15 KODURU 0 NOT ACHIEVED

16 KOKKIRENI 358 NOT ACHIEVED

17 KOMMALA 1184 ACHIEVED

18 KURUMARTHY 540 NOT ACHIEVED

19 LAKKARAM 443 NOT ACHIEVED

20 NARSING BATLA 1494 ACHIEVED

21 NERADA 393 NOT ACHIEVED

22 PALARAM 978 NOT ACHIEVED

23 PALLE PAHAD 297 NOT ACHIEVED

24 PALWAI 755 NOT ACHIEVED

25 PATHANGI 876 NOT ACHIEVED26 PEPAL PAHAD 746 NOT ACHIEVED

27 PRODDATUR 640 NOT ACHIEVED

28 PULIGILLA 838 NOT ACHIEVED

29 RAJUPETA 2175 ACHIEVED

30 RUSTAPUR 1301 ACHIEVED

31 SURVAIL 583 NOT ACHIEVED


23/23

32 TALLAVELLAMLA 940 NOT ACHIEVED

33 TANGADPALLY 1039 ACHIEVED

34 THAKKALLAPAHAD 1077 ACHIEVED

35 THIMMAPURAM 1726 ACHIEVED

36 THOUKLAPUR 766 NOT ACHIEVED37 TUMMALAPENPAHAD 4266 ACHIEVED

38 V SINGAVARAM 993 NOT ACHIEVED

39 VADDIPATLA 378 NOT ACHIEVED

40 VALLAPURAM 882 NOT ACHIEVED

41 VEERA REDDY PALLE 496 NOT ACHIEVED

TOTAL 40631

REFERENCES:

www.sbi.com www.rbi.com Economic Times, Dated: Nov 25, 2009. ERNST & YOUNG, Dated May 10, 2010.
http://www.sbi.com/http://www.sbi.com/http://www.rbi.com/http://www.rbi.com/http://www.rbi.com/http://www.sbi.com/

The Illussion of Financial Inclusion

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