Volume : 7, Issue : 5, May - 2018

A Study on Challenges and Opportunities of Financial Inclusion for sustainable Development - A literature review.

D. Mahalakshmi, Dr. K. Rukmani

Abstract :

<p class="MsoNoSpacing" style="text-align:justify;text-indent:.5in;line-height:&#10;150%">This paper aims to assess the current opportunity and challenges of financial inclusion on the development of Indian economy by analyzed the state bank group and private sector banks. The Bank growth rate in terms of number of bankanches, offsite and onsite ATM,usage of debit card and credit cards were analyzed. It was observed from thestudy that the usages of cards and other bank services has increased tremendously throughout the study period and banks focusedmore on rural and semi-urban areas, it is disheartening to note that the number of people with access tothe products and services offered by the banking system continues to be very limited, even years afterintroduction of inclusive banking initiatives in the country,like cooperative movement, nationalization of banks,creation of regional rural banks, etc. also focuses in the challenges and opportunities.</p>