Volume : IV, Issue : I, January - 2014

Financial Inclusion – Indian Banking Marching Towards Inclusion

G. Bharathi, S. Elizabeth Pravena

Abstract :

In 2013, looking back to the first decade of the 21st century - 2000-2010 -we strongly believe that this decade indeed can be called - India’s Decade of Development in Financial Sector through Financial Inclusion. So the study is focused on the necessity of the financial needs of the people and its fulfillment through financial institutions with the concept of Financial Inclusion. Financial inclusion denotes delivery of financial services at an affordable cost to the vast sections of the disadvantaged and low-income groups. This study is made to analyze how Indian banking is marching towards financial inclusion. The study included benefits of financial inclusion and also included the causes for financial exclusion and need for Financial Inclusion. The paper made a significant attempt to measure extent of Financial inclusion in India and what measures are taken by RBI and Government of India. The paper has also suggested some recommendations for successful implementation of the Financial Inclusion policy for sustainable growth of Indian economy.

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Article: Download PDF   DOI : 10.36106/ijar  

Cite This Article:

G.Bharathi, S. Elizabeth Pravena Financial Inclusion – Indian Banking Marching Towards Inclusion Indian Journal of Applied Research, Vol.IV, Issue. I

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