Information and Communication Technology (ICT)  an easy apparatus for Financial Inclusion

Palash Garani; Dr. D. Ghosh

Volume : IV, Issue : XI, November - 2015

Information and Communication Technology (ICT) an easy apparatus for Financial Inclusion

Palash Garani, Dr. D. Ghosh

Abstract :

The domain of business, society and economy are all influenced and driven by the developments of Technology. Today we are living in the era of highly developed Technologies which are changing our lifestyle, activities and use habits of different processes. The Information and Telecommunication technology (ICT) is inging newer changes in our daily habits especially, the banking operations. The process of delivering the customer services, sanctioning the credits, reaching to prospective customers etc. are changing in a rapid way due to the ICT developments. This technology has important merits i.e. time saving mechanism. A person can operates entire banking services through this ICT. Much spoken and practiced function financial inclusion which basically is the delivering the financial services to the most deprived, lower income and unattended segments of the society at affordable costs. Credit facility, entrepreneurial credit, loans, mortgages, financial services, payment–remittance services and saving accounts are all come under the very periphery of the financial inclusion services. Thus in financial inclusion the target is to include everybody in the financial functions at their reasonable costs. In this domain the major supporting role is played by the ICT. This article will discuss the key components of financial inclusion and the related developed ICT which assists the financial inclusion as an easy apparatus