• Sweta Dongre

Financial Inclusion plays a pivotal role in promoting an all round development of a nation. The term has garnered particular significance with reference to the weaker sections of the society as it refers to the process wherein the vulnerable groups like the low income group are brought under the banking and financial services umbrella wherein they are ensured access to financial products and services at reasonable cost by the mainstream institutional players. Women and rural households also have to be considered while discussing financial inclusion. Small and micro firms are also needed to be looked at from financial inclusion point of view. A sizeable portion of world population (two billion) does not have basic account. Around 19% of the population in India is non-participating in the banking system of the country. Financial inclusion would help in broadening the scope of saving, creation of credit, reduction of poverty, increase in living standard and thus bringing out inclusive growth of an economy. The aim of this paper is to throw light on how financial inclusion can bring economic growth and looking into measures adopted by the Government of India and RBI towards the same. The paper emphasizes on the significance, advantages and challenges of financial inclusion from Indian perspective.

Financial Inclusion, inclusive growth, MFIs, KCCs, GCCs, banking services

"Financial Inclusion ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.5, Issue 10, page no.28-39, October-2018, Available :http://www.jetir.org/papers/JETIRI006006.pdf

"Financial Inclusion ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.5, Issue 10, page no. pp28-39, October-2018, Available at : http://www.jetir.org/papers/JETIRI006006.pdf