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In the Wonder Land of Financial Inclusion - A Cross Country Comparison


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1 Sapthagiri Group of EDL Institutions Dharmapuri, India
     

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For the first time in India's history, everyone from politicians to entrepreneurs to technology gurus are converging on a common theme to take the benefit of banking and finance to India's neglected millions There is recognition that in countries at all income levels, there are population groups that are not adequately serviced by the formal financial system. Financial inclusion involves expanding their access to the financial system at an affordable cost. This paper discusses at length the definition of financial inclusion, need for it, and how different countries across the world take it.
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  • In the Wonder Land of Financial Inclusion - A Cross Country Comparison

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Authors

G. S. Anandan
Sapthagiri Group of EDL Institutions Dharmapuri, India

Abstract


For the first time in India's history, everyone from politicians to entrepreneurs to technology gurus are converging on a common theme to take the benefit of banking and finance to India's neglected millions There is recognition that in countries at all income levels, there are population groups that are not adequately serviced by the formal financial system. Financial inclusion involves expanding their access to the financial system at an affordable cost. This paper discusses at length the definition of financial inclusion, need for it, and how different countries across the world take it.

References