The correct answer is (c). Shrinking of banking infrastructure is not an objective of financial inclusion. Financial inclusion is the process of ensuring that all segments of society have access to financial services. This includes access to banking, credit, insurance, and other financial products and services. Financial inclusion is important because it can help to reduce poverty, improve financial security, and promote economic growth.
(a) To extend financial services to poor population. This is an objective of financial inclusion. Financial services can help poor people to save money, invest in their businesses, and protect themselves from financial risks.
(b) To unlock the door of growth potential of weaker section. This is an objective of financial inclusion. Financial inclusion can help to unlock the growth potential of weaker sections of society by providing them with access to financial services.
(d) To extend financial sector into rural areas. This is an objective of financial inclusion. Financial inclusion can help to extend the financial sector into rural areas by providing financial services to people who live in rural areas.
(c) Shrinking of banking infrastructure. This is not an objective of financial inclusion. Financial inclusion is about expanding access to financial services, not shrinking it.