Adarsh Journal of Management Research

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Financial Inclusion Initiatives in India and its Contribution towards Banking Sector Reform


Affiliations
1 Adarsh Institute of Management & Information Technology, Mysore University, Bengaluru, India
2 Marketing Department, RV Institute of Management, Bengaluru, India
 

Banking sector plays a vital role the development of any economy. There were LPG ushered in drastic changes in Indian economy in the year 1991. At the same time Indian banking sector was plagued with many problems. To bring Reforms in the Banking sector Narasimham committee was formulated. Narasimham committee Recommendations were far-fetched and far-ahead of their times. Financial inclusion initiatives have a history of more than fifty years. Measures towards Financial inclusion in India started before the introduction of Banking Reforms. Financial inclusion initiatives like Nationalisation of banks, Self-help group model,Kissan credit cards and General credit cards, Bankmitr, Swabimaan campign, Pradhanmantri Jandhanyojana etc contributed tremendously not only towards financial inclusion but also towards the banking sector reforms in India. This paper tries give a bird eye view towards the contribution of Financial inclusion measures towards Banking sector Reforms.

Keywords

Banking Reforms, Financial Inclusion, Technology, Economy, Banks.
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  • Financial Inclusion Initiatives in India and its Contribution towards Banking Sector Reform

Abstract Views: 220  |  PDF Views: 181

Authors

U. Divya
Adarsh Institute of Management & Information Technology, Mysore University, Bengaluru, India
Noor Firdoos Jahan
Marketing Department, RV Institute of Management, Bengaluru, India

Abstract


Banking sector plays a vital role the development of any economy. There were LPG ushered in drastic changes in Indian economy in the year 1991. At the same time Indian banking sector was plagued with many problems. To bring Reforms in the Banking sector Narasimham committee was formulated. Narasimham committee Recommendations were far-fetched and far-ahead of their times. Financial inclusion initiatives have a history of more than fifty years. Measures towards Financial inclusion in India started before the introduction of Banking Reforms. Financial inclusion initiatives like Nationalisation of banks, Self-help group model,Kissan credit cards and General credit cards, Bankmitr, Swabimaan campign, Pradhanmantri Jandhanyojana etc contributed tremendously not only towards financial inclusion but also towards the banking sector reforms in India. This paper tries give a bird eye view towards the contribution of Financial inclusion measures towards Banking sector Reforms.

Keywords


Banking Reforms, Financial Inclusion, Technology, Economy, Banks.

References





DOI: https://doi.org/10.21095/ajmr%2F2017%2Fv0%2Fi0%2F122450