A Study on Financial Inclusion in Indian perspective and inclusive growth
Author(s):
SUDHAKARA.H.Y.
Keywords:
Financial inclusion, role, RBI initiatives.
Abstract
Reserve bank of India and government play an important role in promoting financial inclusion for economic growth. The issue of financial inclusion is emerging as the new paradigm of economic growth. Financial inclusion plays a major role in driving a way the poverty from the country. Financial inclusion refers to delivery of banking services to masses including privileged and disadvantaged people at an affordable terms and conditions. Lack of access to financial services in most of rural areas due to high informative barriers and low awareness, poor functioning and financial history of financial institutions, near absence of insurance and pension service create the need and scope of financial inclusion. Fruits of development have hardly reached to nearly half of Indian population because no access to loan and insurance and this raises most pertinent issue of financial inclusion. The three major aspects of financial inclusion are (i) Access financial market (ii) Access credit market (iii) Learn financial matters. This paper is prepared on the basis of secondary sources. This paper consists of definitional concepts, scope, need, role of financial inclusion etc.
Article Details
Unique Paper ID: 161976

Publication Volume & Issue: Volume 10, Issue 4

Page(s): 609 - 614
Article Preview & Download


Share This Article

Conference Alert

NCSST-2023

AICTE Sponsored National Conference on Smart Systems and Technologies

Last Date: 25th November 2023

SWEC- Management

LATEST INNOVATION’S AND FUTURE TRENDS IN MANAGEMENT

Last Date: 7th November 2023

Go To Issue



Call For Paper

Volume 10 Issue 1

Last Date for paper submitting for March Issue is 25 June 2023

About Us

IJIRT.org enables door in research by providing high quality research articles in open access market.

Send us any query related to your research on editor@ijirt.org

Social Media

Google Verified Reviews