Financial Inclusion In India - The Present and Future

Unanimously agreed fact is that the savings are key to the credit formation which thereby becomes the result of national growth. The rich, Heritage of India is in the great emergence of converting the savings into investment in order to become strong and self reliant. One of the prime reasons for low GDP is the lack of savings habit among people and a majority of the country is being unbanked! Financial inclusion is all about converting unbaked areas into the banked areas by different means. The paper tries to explain about the present position and future of financial inclusion in India with some elective reasons.