FINANCIAL INCLUSION � A TOOL OF AN ECONOMIC DEVELOPMENT

Harish.N

Volume : VI, Issue : VII, July - 2016

FINANCIAL INCLUSION � A TOOL OF AN ECONOMIC DEVELOPMENT

Harish. N

Abstract :

Financial inclusion of all individual and all sections of population is very vital from the point of view of ensuring inclusive growth of National economy. Financial inclusion delivers financial services at an affordable cost to the vast sections of disadvantaged and low income groups. The commercial banks, RRBs and District Central Co–operative Banks fulfills the purpose of total financial inclusion. This article mainly focuses on Scope of Financial inclusion to access to financial products and services, Regularity initiatives –liberalization of SHGs to open accounts in banks, use of IT, simpler KYC regulations etc., and conclusion.