• Dr. Hemlata

Financial inclusion means providing financial services such as basic bank accounts and deposit and saving facility at very low cost to poor section of society or to those who are not having access to banking sector so that they can also enjoy basic banking facilities and they can be integrated with formal banking system. Concept of financial inclusion came in to existence in 2005 in India when its importance was recognized and relaxation given to banking sector to come with best strategies to involve people in banking sector by providing banking facilities at very low cost. Pradhan Mantri Jan Dhan Yojana (PMJDY, transl. Prime Minister's People's Wealth Scheme) is a financial inclusion program of the Government of India open to Indian citizens (minors of age 10 and older can also open an account with a guardian to manage it), that aims to expand affordable access to financial services such as bank accounts, remittances, credit, insurance and pensions. This financial inclusion campaign was launched by the Prime Minister of India Narendra Modi on 28 August 2014. He had announced this scheme on his first Independence Day speech on 15 August 2014. . Financial inclusion or access to banking sector is touching lives of needed and poor people, they are getting a wide range of financial services at very low cost and they are managing their resources in productive way because in absence of formal system, moneylenders would exploit them. Most of the population of India is living in rural areas that s why they have less access to formal banking sector here role of financial inclusion becomes active by providing banking facilities to rural population and involving them in circle of finance.

Financial Inclusion, Banking, Development, Rural Areas.

"Financial Inclusion and Role of Jan Dhan Yojna in India", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 1, page no.713-717, January-2019, Available :http://www.jetir.org/papers/JETIR1901E93.pdf

"Financial Inclusion and Role of Jan Dhan Yojna 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. pp713-717, January-2019, Available at : http://www.jetir.org/papers/JETIR1901E93.pdf