• Shilpika Pandey
• Gaurav Shukla
• Krishna Kumar Pandey

Financial Inclusion-a key driver of economic growth and poverty alleviation , as access to finance can boost job creation, reduce vulnerability to shocks and increase investment in human capital. Where still individuals are excluded from even basic financial services - with no bank account. Many countries have recently adopted explicit financial inclusion strategies with targets for financial inclusion. Barriers such a cost, travel distance, amount of paperwork plays an important role. Despite of policy making with high interest, there are still important gaps existing. While recent years have seen some increases in financial inclusion, there is still much scope to reduce barriers to access. However one of the challenges is that efforts to increase inclusion if not implemented correctly can have the opposite effect, making poor borrowers increasingly dependent on debt and contributing to financial instability. However, RBI easing licensing norms, coming up with more women bank branches and spreading financial education in the coming years and also SBFCs role in financial inclusion can play a vital role. In the coming years, making banking individually accessible, with safe and secure electronic bank accounts ensuring the ability of banking and payment services to the entire population without discrimination. Thereby fulfilling needs of all sections in economy to eliminate the existing gap with rural India. Easy entry to foreign banks into India can enhance efficiency and competition with improvements in technology and expertise to foster financial inclusion.

Financial Inclusion:Opportunities and Future Prospects

"Financial Inclusion:Opportunities and Future Prospects", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 3, page no.282-284, March-2021, Available :http://www.jetir.org/papers/JETIR2103427.pdf

"Financial Inclusion:Opportunities and Future Prospects", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 3, page no. pp282-284, March-2021, Available at : http://www.jetir.org/papers/JETIR2103427.pdf