Volume : 3, Issue : 1, January - 2014

Performance of Financial Inclusion through other Financial Services in Puducherry

Dr. C. Paramasivan, V. Ganeshkumar

Abstract :

Financial inclusion is low banking penetration can be attributed mainly to low income, unemployment and under employment, low level of awareness, low level of financial literacy, and lack of access to banking facilities in remote areas. Those who have banking habit lack familiarity with vastly available financial products to select those suitable to them. They are left unprotected against decisions they make owing to inadequate financial education. Financial inclusion is receiving due attention in our country as a means to provide access to financial services to all the people in a fair, transparent and equitable manner at affordable cost. There is an imperative need to modify the credit and financial services delivery system to achieve greater financial inclusion. This paper highlight on performance of financial Inclusion through other financial services in Puducherry