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Financial inclusion
The individuals and businesses have
access to useful and affordable financial
products and services
It enables a better sustainable economic
development
FINANCIAL INCLUSION IN INDIA
AN EMPIRICAL STUDY
Introduction
Progress
of
economy
Financial
inclusion
becomes a
challenge
GOI and
the RBI
takes great
steps
OBJECTIVE
To identify
impact in
rural
areas
Steps
taken by
RBI &
GOI
To observe
the extent
of
awareness
Why..?
Provides
support for
Balanced
development
Helps the
governments to
make
expenditures
under safety
arrangements
Helps to
protects
Underpriv
ileged
societies
This will
minimize
transaction
budgets
An
opportunity
for bringing
the savings of
the poor
Support GOI and RBI
Simplified
KYC norms
& Provides
financial
education
Allocation of
at least 25%
of branches
in rustic
areas &
Arrangement
of easy loan
facility
Banking
materials in
the regional
language.
No-frill
saving bank
account
facility
SUGGESTIONS
Bring
betterment
in
enhancing
the
services
Show
initiatives
in forming
efficient
team
Fund
allocation
should be
improved
better
Students
involvement
CONCLUSION
.
The participation of the NGO
The government propelled PMJDY and RBI
recommended different payment bank strategies
The educational institutions to provide awareness
program
The country’s growth is in right path; but the
happening lies in the hands of the mainstream.
???

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