Contributorial Role of Banks in Financial Inclusion

The high growth rate of Indian Economy indicates that India will become a developed country in a few years. The success of any country depends upon its integration with the world economy in terms of talent, skill, creativity, knowledge and delivering the products and services up to world standard. The accomplishment of this objective requires Financial Inclusion which is dependable upon the sound and equitable financial system. Financial Inclusion is availability of banking services at an affordable cost to the disadvantaged and low income groups. The present paper describes the role of banks in Financial Inclusion under the measures taken by RBI in the form of polices, directions and guidelines. RBI’S contribution in Financial Inclusion is no doubt appreciable. But the inclusive growth of India demands the support of the whole financial system and above all the govt., the policy makers, the media and the public will have to do continuous efforts to make the Financial Inclusion, a great success.