Understanding Financial Inclusion in India:A Case Study of Sattur Taluk, Tamil Nadu

Financial inclusive growth is said to be real only when it has registered an all inclusive growth, namely, all the strata of the society including the vulnerable group is brought to the ambit of financial inclusion. The country which is envisioned to be a power in Asia - unfortunately for a long time, had suffered from the malaise of financial exclusion. To plug the loophole, hectic activities are going on to hit the target of financial inclusion. To tart from the scratch, citizens of the country including those living in the remotest rural region are prompted to have an access to the basic financial service, i.e, opening a bank account (no frills account) which would blossom into a universal access to a wide range of financial services at a reasonable cost. The present paper sheds light on criteria / indicators of financial inclusion with special reference to Sattur Taluk, Tamil Nadu.