Ans:
Yes. People in semi-urban, rural and urban regions have access to very rudimentary banking services in India. This problem of India which is being resolved through effective governmental intervention has increased banking penetration in India, and the situation has improved post digitalisation and better internet penetration in India. Banks are also helping with micro-enterprises, the funding of MSMEs and self-help groups, etc to encourage and boost the economy through encouraging startups with a rural base.