• Lalit Kumar
• Niharika Singh
• Arpita Bhawaria , Nidhi Yadav
• Ms. Neelam Kaushik
• Dr. Azad Singh

India is shifting toward greater financial inclusion while striving to improve affordability and security of the rural economy and is poised to be one of the fastest growing economies in coming years, showing the highest digital transactions but lack of access to formal credit, as a proportion of GDP is still very poor compared to countries like China and the US. Financial inclusion is a cornerstone of development. Pradhan Mantri Jan-Dhan Yojana (PMJDY) is national mission for financial inclusion to ensure access to basic saving accounts, deposits, remittance & settlements, credit facility, insurance, pension & all other financial services in an affordable manner. Financial inclusion is a major issue around the world. Despite the several measures taken by the government to enhance credit availability for a complete financial inclusion a large stake of the total Indian population is lacking behind and relying on the traditional mechanism and lending channels. Nearly one and half billion people living in emerging economies don’t have access to formal savings and credit. They use cash for everything, have no secure way to save and invest their money, and rely on informal lenders and personal networks for credit. Additionally, 50.7 million MSME enterprises out of 63.4 million MSME’s in India have an access to traditional lending channels. Why people will attach themselves to a system of financial inclusion if they do not know about the power of money–its growth pattern, mechanism, or spending & saving schemes.

financial inclusion; PMJDY; beneficiaries; bank; policy

"Financial Inclusion: A Critical Analysis of Financial Services in the Indian Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 3, page no.a595-a602, March-2024, Available :http://www.jetir.org/papers/JETIR2403081.pdf

"Financial Inclusion: A Critical Analysis of Financial Services in the Indian Economy", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 3, page no. ppa595-a602, March-2024, Available at : http://www.jetir.org/papers/JETIR2403081.pdf