Financial inclusion in India

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Abstract

Rural India has significant opportunity for banks to search their affluence and to bring poor through financial inclusion. The fast growing economy in the world only India has the middle class and poor segments which ignore banking service could not serve better banking facilities tomorrow. Banks in developing economies have these essential services like offering basic accounts, transferring government payments to individual accounts, and encouraging saving through matched and tax-advantaged savings accounts, etc., support the access of financial services to the public. Financially independent of the weaker section in the country would make the Nation financially sound. Therefore, financial inclusion is bringing weaker sections of society that are economically excluded into the formal financial system. The present study attempts to find out the financial inclusion of the rural population of Kerala state in India.

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APA

Jayanthi, M., & Rau, S. S. (2017). Financial inclusion in India. International Journal of Applied Business and Economic Research, 15(22), 11–16. https://doi.org/10.12724/ajss.53.3

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