Extent of Financial Inclusion: The Narrow View

Financial inclusion has been accorded high importance by Reserve Bank to aid the inclusive growth process of the economy. There is a need to measure the demand side financial inclusion to improve credit delivery for unbanked population. The empirical structure of economic output in terms of access to finance, access to savings and borrowings among social and sectoral groups is excluded from finance. In this direction, the researcher has measured real situation of financial inclusion among all the blocks of District Udham Singh Nagar of Uttarakhand. The outreach programmes of RBI have also been helpful in spreading awareness and improving financial literacy. However, in view of this colossal task of financial inclusion, there is a need for the banks to upscale and mainstream their financial inclusion efforts. Based on the primary data survey, extent of Financial Inclusion in Udham Singh Nagar was identified. The analysis of study deals with the status of Financial Inclusion on a wide range of financial inclusion measures, including access to finance, savings behaviour of sample respondents, credit delivery by banks or financial institutions. It examines the underlying reasons for use of these variables in Financial Inclusion monitoring and surveillance.