India’s limited success at drawing the unbanked into the formal economy reflects the challenges of drafting public policies that address complex, enduring societal problems like poverty, income inequalities, beneficiaries far away from financial services including Govt. schemes benefits, low level of financial literacy., etc. The vision of RBI Financial Inclusion Plans(FIPs) is providing universal access to banking services and improving the forms of credit delivery, especially for the weaker sections. The successful financial inclusion plan is Business Correspondents are employed to cover unbanked villages through branches. The microfinance sector is the heart core function of financial services in the non-banking finance industry(NBFI) with the coverage of weaker sections of the population which are neglected by bankers in the banking industry. The microfinance sector has grown rapidly over the past few decades and currently, it is serving around 102 million accounts (including banks and small finance banks) of the poor population of India. MFIs are financial companies that provide small loans to people who do not have any access to banking facilities.