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    <title>Finance and Opportunity in India (Address by Dr. Raghuram Rajan at the Twentieth Lalit Doshi Memorial Lecture on August 11, 2014 at Mumbai)</title>
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    <description>Crony capitalism arises from dysfunctional public service delivery that forces the poor into patronage relationships; expanding financial inclusion-via biometric-linked accounts, direct benefit transfers, cash transfers, and broader access to payments, credit, savings and insurance-can reduce dependence on patronage by empowering beneficiaries to choose providers. Implementation must address conditionality, monitoring and automation, channel diversity (branches, correspondents, mobile), consumer protection, and sustainable provider economics so transfers build capabilities rather than perpetuate dependence.</description>
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