Nachiket Mor Committee on Financial Inclusion

• It has proposed universal electronic bank accounts to all Indian citizens above the age of 18 by Jan 2016.
• Access points would be within 15 minutes of walking distance.
• Each low income household and small business will have access to formally regulated lenders and also access to deposit and investment products at reasonable charges.
• An instruction to open the bank account should be initiated by the UIDAI after the issue of an Aadhaar No. to an individual over the age of 18.