Challenges to Financial Inclusion in Rural Tamil Nadu – A Study (Developing Financial Inclusion Model with Ability's Approach)

Global financial institutions and International organisations are constantly encourage the developing nations to take efforts for financial inclusion. The first world countries thrive progressively due to ensure comprehensive inclusive financing among their populations. Since renowned economic scientists and global experts have established significant evidence over the relationship between financial inclusion and economic empowerment, the developing countries like India are working hard to strategically implement financial inclusion for national growth and the well-being of its people. Despite all the staggering initiatives, the outcome of the financial inclusion is not commendable, particularly among rural topography. Therefore, this research paper attempts to study the challenges of financial inclusion in rural Tamil Nadu and to develop a financial inclusion model based on ability's approach. The primary data of the study was collected through convenient sampling method in the rural areas of Salem district whereas journals and website sources constitute secondary data. The outcome of this research work will help the Government of India as well as the Reserve Bank of India in their policy-making and effective planning to augment greater financial inclusion in the nation.