Economics · Banking in India
What is the primary objective of establishing 'Payments Banks' in India?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1To provide direct agricultural loans to large farmers
- 2To finance and promote foreign trade
- 3To promote financial inclusion by providing small savings accounts and payments services✓
- 4To provide long-term credit to large industries
Correct answer
To promote financial inclusion by providing small savings accounts and payments services
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