We'Ken- International Journal of Basic and Applied Sciences

Open Access Open Access  Restricted Access Subscription Access

A Comparative Study of Inclusive Growth:Economic Policy Reforms an Financial Inclusion in India


Affiliations
1 Rajgad Institute of Management Research and Development, Dhankawadi, Pune, India
 

Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to the sections of disadvantaged and low-income segments of the society, in contrast to financial exclusion where those services are not available or affordable. In spite of Govt. Policies for betterment of poor sections of the society, it is still requires major investments in this objective of financial inclusion exercise is easy availability of financial services which allows maximum investment in business opportunities, education, save for retirement, insurance against risks, etc. by the rural individuals and firms. Access to finance by the poor and vulnerable groups is a prerequisite for poverty reduction and social cohesion. This has become an integral part of our efforts to promote inclusive growth. In fact, providing access to finance is a form of empowerment of the vulnerable groups, this comes with some issues and challenges that need to be addressed.

Keywords

Financial Inclusion, Jan-Dhan, Planning Commission, Poverty.
User
Notifications
Font Size

  • RBI. (2005): Report of the Internal Group to Examine Issues Relating to Rural credit and Microfinance, chairman-H.R Khan, www.cab.org.in.

  • EC (European Commission). (2008): Financial Services Provision and Prevention of Financial Exclusion, www.ec.europa.eu/employment social/spsi.

  • Leyshon, A. P., Signoretta, D., Knights, C., Alferoff and D. Burton. (2006): “Walking with moneylenders: The ecology of the UK homecollected credit industry”. Urban Studies 43(1): 161-186.

  • Sinclair SP. (2001): Financial exclusion: An introductory survey. Tech. rep., Centre for Research in Socially Inclusive Services, Heriot Watt University, Edinburgh.

  • Chant and Link Associates. (2004): A Report on Financial Inclusion in Australia, November 2004, www.anz.com.

  • Leyshon, Thrift. (1995): Geographies of financial exclusion: Financial abandonment in Britain and the United States. Transactions of the Institute of British Geographers, New Series 20:312–41.

  • Demantas, I. (2014). Book review: Kavita Datta, Migrants and Their Money: Surviving Financial Exclusion. Work, Employment & Society, 28(3), 501-502.

  • Majumdar, C., & Gupta, G. (2013). Financial Inclusion in Hooghly. Economic & Political Weekly, 48(21), 55-60.

  • Gasparini L. F. Gutiérrez A. Támola L. Tornarolli. & G. Porto. (2005). Finance and Credit Variables in Household Surveys of Developing Countries. Universidad Nacional de La Plata, Argentina, and World Bank. Washington, DC, mimeo.

  • Cressy. R. (2002). Introduction: Funding Gaps. Economic Journal, 112 (477), 1-16.

  • Arya, P. K. (2015). Financial Inclusion and their role in inclusive growth. International Journal of Management, IT and Engineering, 5(2), 79.

  • Demirgüç-Kunt, A and L Klapper (2012): "Measuring financial inclusion: the Global Findex database", World Bank, Policy Research Working Paper, no 6025.

  • Chattopadhyay, Sadhan Kumar (2011): Financial Inclusion in India: A case-study of West Bengal. Published in: Reserve Bank of India Working Paper, Vol. July 2, No. WPS(DEPR): 8/2011.

  • Pooja Sharma, (2014) Financial Inclusion in India-Issues and Challenges, International Journal of Management and Social Sciences Research (IJMSSR) ISSN: 2319-4421 Volume 3, No. 6, June 2014.

  • https://www.rbi.org.in/

  • http://financialservices.gov.in/

  • http://dyuthi.cusat.ac.in/xmlui/

  • https://rbidocs.rbi.org.in/

  • http://www.bis.org/

  • http://viewofspace.org/

  • http://www.livemint.com/

  • http://www.lcbr-archives.com/


Abstract Views: 351

PDF Views: 120




  • A Comparative Study of Inclusive Growth:Economic Policy Reforms an Financial Inclusion in India

Abstract Views: 351  |  PDF Views: 120

Authors

D. B. Bharati
Rajgad Institute of Management Research and Development, Dhankawadi, Pune, India

Abstract


Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to the sections of disadvantaged and low-income segments of the society, in contrast to financial exclusion where those services are not available or affordable. In spite of Govt. Policies for betterment of poor sections of the society, it is still requires major investments in this objective of financial inclusion exercise is easy availability of financial services which allows maximum investment in business opportunities, education, save for retirement, insurance against risks, etc. by the rural individuals and firms. Access to finance by the poor and vulnerable groups is a prerequisite for poverty reduction and social cohesion. This has become an integral part of our efforts to promote inclusive growth. In fact, providing access to finance is a form of empowerment of the vulnerable groups, this comes with some issues and challenges that need to be addressed.

Keywords


Financial Inclusion, Jan-Dhan, Planning Commission, Poverty.

References





DOI: https://doi.org/10.21904/weken%2F2016%2Fv1%2Fi2%2F98418