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Financial inclusion in India

  • Unique Paper ID: 156824
  • Volume: 9
  • Issue: 5
  • PageNo: 124-127
  • Abstract:
  • In developing countries, like India, most of the space is not always suitable for set up of large investments and such type of lacuna can be minimized by lesser amount of investment. With the advent of planned economic structure of Indian Democracy, Micro, Small and Medium Enterprises (MSMEs)&Family Business, widely accepted “Engine of Economic Growth of India” have gained attention of policy makers due to its potential of generating large output from a lower investment. This laborintensive sector has the capacity of reducing regional imbalances through income and employment generation, economic independence of rural folk and helps in sustainable development. Numerous registered and unregistered enterprises are mushrooming in India but there are also spatial inequalities too. In India, states like Tamil Nadu, Uttar Pradesh, Gujarat and West Bengal are the leading states in MSME&Family Businesssector. MSMEs&Family Business in India are very much heterogeneous. The present paper will focus on existing scenario and trends of MSME&Family Business in India. There is state wise variation in various sort of MSME&Family Business. Some states are leading in terms of registration and some are in unorganized sector. Thus spatial variation clearly exists in India in terms of micro, small and medium enterprises.
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  • ISSN: 2349-6002
  • Volume: 9
  • Issue: 5
  • PageNo: 124-127

Financial inclusion in India

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Impact Factor
8.01 (Year 2024)
UGC Approved
Journal no 47859

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