Financial Inclusion Case Study

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A STUDY ON EXTENT OF FINANCI AL INCLUSION AMONG
RURAL H OUSEHOLDS I N
BAGESHWAR DISTRICT OF UTTARAKHAND
Latika Karnatak
Research Scholar,
Galgotias University, Greater Noida,
Email: latika_karnatak@yahoo.co.in

Dr Vinay Kandpal,
Assistant Professor,
University of Petroleum and Energy studies, Dehradun
Email: vinayaimca@gmail.com
ABSTRACT
Financial Inclusion is a drive towards attaining inclusive growth and sustainable development and play a major role in driving away the poverty from the country. In the last twenty years, India has undergone a shift of its economic and regulatory structures. Steps have been taken by the Government to educate the people about the banking services and financial instruments available for investment. Despite
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It has become one of the most critical aspects in the context of inclusive growth and development of a country like India. Financial regulators like SEBI and RBI, government and banking sector has come forward to take initiatives for financial inclusion. The banking sector has an important role to play in the promotion of financial inclusion. An inclusive financial system means a system that recognizes both the market potential and the development opportunities. In India, Financial Inclusion first featured in 2005, when it was introduced in Mangalam Village where all households were provided banking…show more content…
Using the index of the financial inclusion developed in levels of human development and financial inclusion in a country move closely with each other, although a few exceptions exist. Among socioeconomic factors, as expected, income is positively associated with the level of financial inclusion. Further physical and electronic connectivity and information availability, indicated by the road network, telephone and internet usage, also play a positive role in enhancing financial inclusion.
Oya Pinar Ardic et al (2011) explained that using the financial access database by CGAP and the World Bank group, this paper counts the number of unbanked adults around the world, analyses the state of access to deposit and loan services as well as the extent of retail networks, and discusses the state of financial inclusion mandates around the world. The findings indicate that there is yet much to be done in the financial inclusion arena. Fifty-six percent of adults in the world do not have access to formal financial

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