A CASE STUDY OF FINANCIAL INCLUSION IN INDIA

Author Name: Sanjeev Kumar

Volume: 01 &  Issue:

Country: India

DOI NO.: 08.2020-25662434 DOI Link: http://www.doi-ds.org/doilink/03.2021-99163262/UIJIR

Affiliation:

1. Research Scholar, University Department of Economics, L.N.M.U. Darbhanga, Bihar, India

ABSTRACT

Financial inclusion is globally considered as a critical indicator of development and wellbeing o society. While inclusive banking began, inspirit, with the nationalization of banks in 1969 and 1980 in India. Financial inclusion is a critical indicator of development and wellbeing of society. As a result of renewed thrust on financial inclusion an inclusive financial system is widely recognized in policy circles as a proactive measure and has become a basic priority in many countries, including India. FI is considered as an effective means to sustainable economic growth and is intended to ensure that each citizen of the country is able to use their earnings as a financial resource for redeployment in productive sectors of the economy such pooled financial resources can be channelized to develop their enterprises fueling the nation’s progress. This underlying theme has brought. FI in the spotlight and it has come to occupy centre-stage in financial intermediation.

Key words: Financial Inclusion, development, nationalization, banks.