Volume : IV, Issue : IV, April - 2014

Financial Inclusion in India: An Overview

Dr. S. Rajamohan, K. Subha

Abstract :

 Inclusive growth is possible only through proper mechanism which channelizes all the resources from top to bottom. Financial inclusion is an innovative concept which makes alternative techniques to promote the banking habits of the rural people because, India is considered as largest rural people consist in the world. Financial inclusion is aimed at providing banking and financial services to all people in a fair, transparent and equitable manner at affordable cost. Households with low income often lack access to bank account and have to spend time and money for multiple visits to avail the banking services, be it opening a savings bank account or availing a loan, these families find it more difficult to save and to plan financially for the future. This paper is an attempt to discuss the theoretical of financial inclusion in India.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

Dr.S.Rajamohan, K.Subha Financial Inclusion in India: An Overview Indian Journal of Applied Research, Vol.IV, Issue. IV

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