Financial Inclusion in India: An Appraisal

Reena Malik, Sarika Yadav

Abstract


Inclusive growth is possible only through proper mechanism which channelizes all the resources from top to bottom. Inclusive growth has been a priority of the Government of India (GoI) over the past decade. The policy making and regulating institutions (Government of India, RBI, IRDA, PFRDA (for micropensions) have developed regulations and guidelines for strengthening financial inclusion, but these are yet to have a substantial impact on outreach to the excluded population. Financial inclusion is aimed at providing banking and financial services to all people in a fair, transparent and equitable manner at an affordable cost. This a descriptive paper focuses on an overview of financial inclusion in India and its progress through various indicators.

Keywords


Financial inclusion, Inclusive Growth, Financial Services

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References


Dangi et al (2013), Current Situation of Financial Inclusion in India and Its Future Visions,International Journal of Management and Social Sciences Research (IJMSSR) ISSN: 2319-4421,Vol.2, No. 8, pp- 155

Financial Inclusion in India(2013) – An Assessment (Speech delivered by Shri P. Vijaya Bhaskar, Executive Director, Reserve Bank of India at the MFIN and Access-Assist Summit organised in New Delhi on December 10, 2013)

Khan R Harun (2012), Issues and Challenges in Financial Inclusion: Symposium on Financial Inclusion in India

Mahajan, M. K. (2014). Financial inclusion in India. ZENITH International Journal of Business Economics & Management Research, 4(2), 1-11.

Paramasivan.C et al (2013), Overview of Financial Inclusion in India, VOL. No. 2, ISSUE No. 3, ISSN (Online): 2320-0685




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