The Reserve Bank will soon invite applications for issuance of licences in three categories — small banks, payment banks and universal banks — to achieve financial inclusion target. Reserve Bank will shortly invite fresh applications to grant licence in three categories such as small banks, payment bank and universal bank to fulfill objectives of the government. Financial Services Secretary said preparations were afoot to invite fresh applications for opening up of banks in the identified categories. The first priority of the government, he added, would be for smaller banks.