---
title: "Which authority recently issued in-principle approval to 11 applicants to set up payments banks that will widen the reach of banking services and push the government's goal of financial inclusion?"  
description: "Which authority recently issued in-principle approval to 11 applicants to set up payments banks that will widen the reach of banking services and push the government's goal of financial inclusion?"  
author: "Bhavin Singh"  
published: 2018-03-10  
canonical: https://answers.mindstick.com/qa/38495/which-authority-recently-issued-in-principle-approval-to-11-applicants-to-set-up-payments-banks-that-will-widen-the-reach-of-banking-services-and-push-the-government-s-goal-of-financial-inclusion  
category: "general knowledge"  
tags: ["general knowledge"]  
reading_time: 1 minute  

---

# Which authority recently issued in-principle approval to 11 applicants to set up payments banks that will widen the reach of banking services and push the government's goal of financial inclusion?

Which [authority](https://answers.mindstick.com/qa/34061/who-has-been-appointed-the-new-director-general-of-the-sports-authority-of-india-sai) recently issued in-principle approval to 11 applicants to set up [payments](https://www.mindstick.com/news/2458/elon-musk-claims-that-twitter-will-introduce-encrypted-direct-messages-and-payments) banks that will widen the reach of [banking](https://www.mindstick.com/articles/44009/blockchain-revolution-in-banking) [services](https://answers.mindstick.com/qa/32260/which-indian-bank-has-recently-signed-a-mou-with-poorti-agri-services-pvt-ltd-to-enable-the-farmers-to-purchase-agricultural-inputs) and [push](https://www.mindstick.com/news/2535/us-lawmakers-push-for-greater-oversight-of-elon-musk-s-brain-chip-company-neuralink) the [government](https://www.mindstick.com/news/1911/upi-transaction-would-cost-zero-service-charges-clarifies-government)'s [goal](https://yourviews.mindstick.com/audio/1273/the-importance-of-self-reflection-in-finding-your-goal) of [financial inclusion](https://www.mindstick.com/articles/269645/how-can-fsdt-help-you-if-you-need-financial-assistance)?\
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Original Source: https://answers.mindstick.com/qa/38495/which-authority-recently-issued-in-principle-approval-to-11-applicants-to-set-up-payments-banks-that-will-widen-the-reach-of-banking-services-and-push-the-government-s-goal-of-financial-inclusion

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