• K.R.Ruqaiya
• Dr.A.S.Gayathri

The essence of financial inclusion is to ensure access to a wide range of financial services and timely and adequate credit to all individuals and businesses at affordable prices irrespective of their net worth and size. Financial inclusion is proven to aid the economy to reduce the gap of inequality among people thereby paving way to eliminate poverty. Besides the fact that the Reserve Bank of India has been continuously taking steps to create awareness among the public about the affordable financial services available to them, a huge leap was taken towards financial inclusion with the introduction of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) programme which was launched on 28th August 2014, by which the number of people with bank accounts grew from 53% in 2014 to 80% in 2017. However, by the end of the financial year 2015 reports showed that 57.9% of such newly opened accounts carried zero balance, the main reasons being lack of financial literacy and lack of easy accessibility of banking outlets. Thus, this paper displays the various measures and steps taken by RBI towards financial inclusion and also aims to measure the impact of the three indicators of financial inclusion namely – a) Credit-deposit Ratio b) Number of new bank branches opened and c) Growth of banking outlets in villages on the Indian GDP. Secondary data used in the study has been gathered from the official websites of the RBI, Open Government Data Platform India. The statistical tool used to analyse the data is Regression analysis.

Financial inclusion, Banks, PMJDY, GDP, Credit Deposit Ratio.

"FINANCIAL INCLUSION AND THEIR IMPACT ON ECONOMIC GROWTH IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 1, page no.128-134, January-2019, Available :http://www.jetir.org/papers/JETIRV006019.pdf

"FINANCIAL INCLUSION AND THEIR IMPACT ON ECONOMIC GROWTH IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 1, page no. pp128-134, January-2019, Available at : http://www.jetir.org/papers/JETIRV006019.pdf