Volume : 6, Issue : 1, January - 2017

OVERVIEW OF FINANCIAL INCLUSION IN INDIA

Ms. Jyoti Rohilla

Abstract :

<p>&nbsp;<span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt;">Financial inclusion is the delivery of financial products and services which allows people to effectively manage their level of income or social status at reasonable cost. Indian economy in banking and general services has made rapid strides in the recent past. In the present economy need high economic growth and participation of all section of society. A large population size particularly the vulnerable groups, weaker sections, low income groups </span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt;">&nbsp;</span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt;">provides </span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt;">&nbsp;</span><span style="font-family: &quot;Times New Roman&quot;, serif; font-size: 12pt;">a savings bank account or a loan at lowest interest by the financial sectors. The objectives of financial inclusion are to deliver banking services at a reasonable cost to vast sections of income group. Government&rsquo;s decisions to provide essential financial services like-credit, savings, insurance etc it is clear from that Indian growth is not inclusive. Financial inclusion has provided inclusive financial system. The present study is based on various dimensions of financial inclusion and to know the positions of India in financial inclusion compared with other country and find out the strategies implanted by governance of RBI to the financial inclusion.</span></p> <p class="MsoNormal"><span lang="EN-IN" style="font-size:12.0pt;line-height:115%;&#10;font-family:&quot;Times New Roman&quot;,serif"><o:p></o:p></span></p>