The two decades of post reform period in India witnessed transformation of the economy in to a higher growth plane signaling the arrival of the country in the global stage. Financial inclusion is useful to facilitate economic transaction, manage day today resources, improve quality of life, protect against vulnerability, make productivity enhancing investments and leverage assets. The rationale for inclusive financial system, taking banking services to the vulnerable sections, role of micro finance institutions in spreading financial literacy and the role of technology in taking financial services available & affordable to the poor are discussed in the paper.