This is with reference to “FinMin to study progress of financial inclusion, direct benefit transfer schemes”(Business Line, February 5).

While one should appreciate the Finance Minister’s efforts to ensure financial inclusion, and promote direct benefit transfer (DBT) as an effort to plug delivery leakages, a reality check is in order. Should ensuring prompt government payments be seen as the sine qua non for inclusive banking?

A recent survey on financial behaviour of poor households gives us an insight — bank accounts are opened to route (MGNREGS) payments only. Therefore, for the poor, cash in hand still forms a major part of their saving effort. Also, the World Bank’s Global Financial Inclusion index suggests that women savers preferred community-based approaches (along the lines of self-help groups) for inclusive financial service needs, rather than an individual account. Therefore, should not community-led models be a preferred mode of monetary savings for women from poor households?

B.S.Suran

Mumbai

Zoho’s success

This refers to “Decoding Zoho's success”. In a set-up where engineering graduates of any streams hardly work in their core area, as they either join an IT firm or a management college, Zoho comes as a breeze of fresh air. Kudos to Zoho for thinking out of the box and helping young students from not-so-well-off backgrounds find a meaningful job and career. Bal Govind

Noida

More censorship

A minority's might ensured 're- censorship' of Vishwaroopam. Now, another minority wants to censor Mani Ratnam's Kadal, as it finds certain parts of the film offensive. All concerned will, of course, yield to its pressure.

V. V. Vijayan

Mumbai

(This article was published on February 5, 2013)
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