Recent Trends in Financial Inclusions of Indian Economy

Financial Inclusion is the process of delivering financial services at low costs to the low income segments and disadvantaged sections of the society .The monitory authority of India namely RBI focused on pushing the Financial Inclusion (FI) drive in mission mode and has developed several strategies by allowing all banks to provide more products and have easier "Know Your Customers" (KYC) norms.

India has intruduced wide ranging and impresive reforms in the financial sector expecialy in the banking system. these reforms in the banking system led to an impressive growth of financil resources as well as overal economic growth .Reserve Bank of India (RBI) attaches greater deal of value to Financial Inclusion by offering Financial Services to low income segments of Indian population. A planned and structure of growth has been designed to address the twin issues of demand and supply. Reserve Bank of India's vision for 2020 is open to nearly 600 million new customer's accounts and services of Information Technology (IT). The "PRADAN MANTRI JAN DHAN YOJANA" is an ambitious scheme for comprehensive Financial Inclusion .The objective of PMJDY is ensuring access to various financial services like availability of basic savings bank account, toned based credit, remittances facility, insurances and pension to the excluded section.This paper discusses about that the economic development is achieved and about also the benefits of financial inclusions in India.