Volume : VI, Issue : IV, April - 2017

IMPACT OF INDIAN COMMERCIAL BANKS IN FINANCIAL INCLUSION

Sanjay Kumar Singh

Abstract :

 India is a developing country in financial inclusion sector. Commercial banks play a vital role in the economic development of a country like India. Indian economy in general and banking services in particular have made rapid strides in the recent past. However, large ratios of Indian population are very week in the terms of economic. Particularly the most sensitive groups, like weaker sections and low income groups are unaware and unknown for this services even the most basic opportunities and services provided by the financial sector. They have not much more knowledge about banking system. To address the issue of such financial exclusion in a holistic manner, it is essential to ensure that a holistic approach of financial services is available to every individual. A predominant role is being played by financial inclusion policy for inclusive growth all over the world to transform financially excluded population, vis-a-vis one third is populated in India is also unaware of these facilities. Financial inclusion is originated from the initiatives of United Nations, which extensively reported the key goals of the policy as access to cover a wide range of financial services at all sector at any payable cost, which started its operation effectively in India in the year 2015-16.

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Article: Download PDF    DOI : https://www.doi.org/10.36106/gjra  

Cite This Article:

SANJAY KUMAR SINGH, IMPACT OF INDIAN COMMERCIAL BANKS IN FINANCIAL INCLUSION, GLOBAL JOURNAL FOR RESEARCH ANALYSIS : Volume-6, Issue-4, April‾2017

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