FINANCIAL INCLUSION IN INDIA: AN OVERVIEW

Abstract

For developing nations the era is of inclusive growth and the key for inclusive growth is financial
inclusion. Financial inclusion or inclusive financing is the delivery of financial services, at
affordable costs, to sections of disadvantaged and low income segments of society. There have
been many formidable challenges in financial inclusion area such as bringing the gap between
the sections of society that are financially excluded within the ambit of the formal financial
system, providing financial literacy and strengthening credit delivery mechanisms so as to
improvised the financial economic growth. A nation can grow economically and socially if its
weaker section can turn out to be financial independent.