Volume : 5, Issue : 6, June - 2016

Financial Inclusion and its Delivery Models in India-Select Issues

Mahua Bhattacharya, Paromita Dutta

Abstract :

<p>&lt;p&gt;&amp;nbsp;Finance has been regarded as an essential part of an economy. Therefore, a strong financial system is required especially in under-developed countries and developing countries for sustainable growth. Through Financial inclusion we can achieve equitable and inclusive growth of the nation. Financial inclusion stands for delivery of appropriate financial services at an affordable cost, on timely basis to vulnerable groups such as low income groups and weaker section who lack access to even the most basic banking services. In this paper, the researcher attempts to understand financial inclusion and its importance for overall development of society and nation&amp;rsquo;s economy. This study focuses on the concept of financial inclusion and the initiatives taken by Reserve Bank of India (RBI) and Government of India (GOI) in the progress of financial inclusion over the years for inclusive growth in India. The relevant data for this study has been collected with the help of from various Research journals, Articles, reports of RBI, reports of NABARD and online resources.&lt;/p&gt;</p>