1). To generate funds for entrepreneurs2). To increase government tax – InterviewSolution

1.	1). To generate funds for entrepreneurs2). To increase government tax base3). To promote the idea of Make in India4). To increase the penetration level of financial services to the remote areas of the country.
Answer» The idea of PAYMENTS Bank originated from the objective of achieving Financial Inclusion i.e. INCREASED access to financial services to the rural HOUSEHOLDS. With the introduction of Payments Bank, The real effect has come to remittances within the country. It has now BECOME easier for people to send money home to smaller towns and villages while WORKING in the city.

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