Review Paper on Financial Inclusion – The Path of Inclusive Growth

Published in Journal

Shodhaytan (RNTUJ-STN) [RNTUJ-STN] (Vol:15/ Issue: 22) DOI: [NA]
Authors: Tina Sachdeva Dr. Deepti Maheshwari Dr. Sangeeta Jauhari
Subjects: Multidisciplinary Academic Research

Year: Dec 2016
Volume: 15 / Issue: 22
Pages: 535-540
Publisher: RNTU
Source:
ISSN: 2349-4190
E-ISSN: 2457-0664
DOI: NA
Published URL:
Published On: Dec 2016

Article Details

Review Paper on Financial Inclusion – The Path of Inclusive Growth | Original Article

Tina Sachdeva Dr. Deepti Maheshwari Dr. Sangeeta Jauhari in Shodhaytan (RNTUJ-STN) | Multidisciplinary Academic Research

ABSTRACT:

Financial inclusion plays a very important role in inclusive growth of the country. It is estimated that around 2.5 billion people are globally excluded from accessing financial services and that too one third is in India. It is very important to provide quality financial services in rural areas for the growth of the economy and the growth of the economy is totally dependent on the growth of the rural markets of the country. Therefore a greater financial inclusion in these segments is essential. The main objective of this study is to review various papers on how financial inclusion serves as a way of inclusive growth and also study the initiatives taken by the Government and Reserve Bank of India for the growth of financial inclusion in the country. This study is based on secondary data. The government should conduct awareness programmes through banks to adopt financial inclusion by means of financial assistance, advertisement, awareness program, financial literacy, etc.