Financial Inclusion in India- Current Position and Challenges

Parveen Kumar

Abstract


Inclusive growth is possible only through proper mechanism with channelise all the resources from top to bottom. Financial inclusive is a innovative concept which make alternative technique to promote banking habit 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 fair transparent and equitable manner at affordable cost. This paper will examine the financial inclusion and what is the current position in India and what are the challenges on the path of it and what are the solutions to overcome these challenge.

Keywords


Financial inclusion, Banking, Inclusive growth, financial

Full Text:

PDF

References


• Paramasivan, C. & GaneshKumar, v. (2013), "overview of financial inclusion in India," International Journal of Management and development studies, vol. 2. Issue.3. PP. 45-49.

• Ficci, (2010), Promoting financial inclusion, available at : http:// www. Ficci-banking.com (accessed May 25, 2014)

• Department of financial services, (2013), "An overview on financial inclusion," available at: http:// www. financial services. gov.in/banking/financialinclusion.asp

• http: // www.RBI.gov.in

• http:// www. Nabard.org

• http:// crisil.com /pdf/corparate/crisil-inclusix.pdf (accessed 20 May, 2014)


Refbacks

  • There are currently no refbacks.


Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.