Open Access
Subscription Access
Open Access
Subscription Access
Role of Technology in Driving Financial Inclusion in India
Subscribe/Renew Journal
By providing small loans and other financial services to poor people, microfinance has generated considerable enthusiasm and demonstrated that how it is still possible to deliver financial services to unbanked low income households. Since microfinance targets low income groups, it ensures financial inclusion and protects their financial wealth and other resources in necessary circumstances. This paper discusses how technological advancement in the area of finance can be appropriately used in accelerating the pace of financial inclusion in India.
Keywords
Microfinance,Financial inclusion, Technology for Financial Inclusion.
User
Subscription
Login to verify subscription
Font Size
Information
- Agrawal, P (2018): India is Doing Well on Financial Inclusion, Livemint, March.
- Banerjee, A, K Dean, and Z Jonathan (2015): Six Randomised Evaluations of Microcredit: Introduction and Further Steps, American Economic Journal: Applied Economics, Vol.7, No. 1, pp.1-21.
- Bhalla, G S and G Singh (2010): Growth of Indian Agriculture: A District Level Study, Planning Commission, Government of India, New Delhi.
- Halan, M and R Sane (2017): Do Disclosures Matter? The Case of Life Insurance, NIPFP Working Paper Series, No. 212, National Institute of Public Finance and Policy, New Delhi.
- Karmakar, K G, G D Banerjee and N P Mohapatra (2011): Towards Financial Inclusion in India, SAGE Publications, New Delhi.
- Muralidharan, K, P Niehaus and S Sukhtankar (2016): “Building State Capacity: Evidence from Biometric Smartcards in India”, American Economic Review, Vol. 106, No. 10, pp.2895–2929.
- Marcus, R, P Beth and K Harper (1999): Money Matters: Understanding Micro Finance, Save the Children, London, Working Paper No 19, Foundation Press, London.
- Morduch, J and R F Wagner (2002): Analysis of the Effects of Microfinance on Poverty Reduction, NYU Wagner Working Paper No. 1014, New York University.
- Narayanan, S (2015): Productivity of Agricultural Credit in India, Working Paper No WP– 2015–01, Indira Gandhi Institute of Development Research, Mumbai.
- Rajesh S, N Raj and K Sen (2013): How Important are Credit Constraints for Small Firm Growth? Evidence from the Indian Informal Manufacturing Sector, International Growth Centre, F-35041-INC-1, London School of Economic and Political Science, London.
- Ravi, S and S Gakhar (2015): Advancing Financial Inclusion in India beyond the Jan-Dhan Yojana, Brookings India IMPACT Series, Brookings Institution India Center, Available at SSRN:https://ssrn.com/adstrat=3041196
- Reserve Bank of India (2008): Report on Trend and Progress of Banking in India 2007-08, Reserve Bank of India Publications, RBI, Mumbai.
- Reserve Bank of India (2017): Report on Trend and Progress of Banking in India 2016-17, RBI, Mumbai.
- Reserve Bank of India (2017): Report of the Working Group on Fin Tech and Digital Banking, RBI, Mumbai.
- Robin B and R Pande (2005): “Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment”, American Economic Review, Vol. 95, No.3 pp.780-795.
- Sarma, M and J Pais (2011): “Financial Inclusion and Development”, Journal of International Development, Vol. 23, No. 5, pp.613-628.
- Singh, C (2016): Challenges to Financial Inclusion, Retrieved from http://www.thehindu businessline.com/opinion/jan-dhan-yojana-fraud-should-be-curbed/article9169214.ece Singh, N (2017): Financial Inclusion: Concepts, Issues and Policies for India, International Growth Centre, I-35406-INC-2, London School of Economic and Political Science, London.
- Tripathy, S N (2018): Microfinance and Women Empowerment, LAMBERT Academic Publishing, Germany.
- World Bank (2014): Global Financial Development Report 2014: Financial Inclusion, World Bank, Washington, DC.
Abstract Views: 272
PDF Views: 0