Volume : III, Issue : II, February - 2014

Financial Inclusion in India: Policy Initiatives and Challenges

Kushalakshi, Dr. A. Raghurama

Abstract :

Financial inclusion denotes delivery of financial services at an affordable cost to the vast sections of disadvantaged and low-income groups. Access to finance especially by the poor and vulnerable groups is prerequisite for poverty alleviation, employment, social upliftment and economic growth. Financial inclusion has become one of the most critical aspects in the context of inclusive growth and sustainable development in the developing countries like India. The Government of India and the RBI have been making concerted efforts to promote financial inclusion as one of the important national objectives. This paper focuses on the progress of financial inclusion, initiatives taken by RBI and government of India and its challenges.

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Article: Download PDF   DOI : 10.36106/ijsr  

Cite This Article:

Kushalakshi, Dr.A.Raghurama Financial Inclusion in India: Policy Initiatives and Challenges International Journal of Scientific Research, Vol.III, Issue.II February 2014

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