From Masses to Select Companies

Financial Inclusion according to Reserve Bank of India (RBI):

Financial inclusion may be defined as the process of ensuring access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections and low-income groups at an affordable cost (The Committee on Financial Inclusion, Chairman: Dr. C. Rangarajan).

The key word is adequate credit where needed by vulnerable groups such as weaker section and low-income groups at an affordable cost.

However, a recent article in Financial express paints a contradictory picture. It states Big firms grab most bank funds: Less than 1% companies have 50% of bank loans.

The statistics are very revealing. I will reproduce the image from Financial express:

It seems financial inclusion is collecting from the masses and lending it to select Companies.

It appears the select 666 borrowers are the vulnerable groups who are lend at a very affordable cost i.e. rates much lower than what an individual depositor gets. 

Remember Personal loans (for marriages , education etc.) are much costlier than the bank loan provided to the vulnerable 666 borrowers.

We have to remind ourselves the borrowers are institutions and their masters (vulnerable ones) appear in the dollar billionaire list.