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| Article Name : | | | FINANCIAL INCLUSION: THE MAJOR SOCIAL AND FINANCIAL ISSUE | | Author Name : | | | Sushil Kumar | | Publisher : | | | Ashok Yakkaldevi | | Article Series No. : | | | GRT-3418 | | Article URL : | |  | Author Profile View PDF In browser | | Abstract : | | | Even after 66 years of independence a large section of Indian population still remain unbanked, this situation has led generation of financial instability and pauperism among the lower income group who do not have access to financial products and services. So, promotion of financial inclusion has been an important social and financial need across the country. In India, the primary responsibility of ensuring financial inclusion lies with the commercial banks subject to guidelines of RBI. However , on account of huge size and diversity of population the commercial banks have been taking assistance of various social and financial entities like co-operative banks , regional rural banks , SHG’s , NBFC’s (Non Banking Financial Companies) and MFI’s ( Micro Financial Institutions ) for providing the basic financial services to further economic development. The main objective of the study is to examine the problems in adoption of financial inclusion, measures taken for it and to suggest the ways to promote it among the masses to its full advantage. | | Keywords : | | |
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