We'Ken- International Journal of Basic and Applied Sciences

D. B. Bharati ¹

Affiliations
1 Rajgad Institute of Management Research and Development, Dhankawadi, Pune, IN

Abstract

Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to the sections of disadvantaged and low-income segments of the society, in contrast to financial exclusion where those services are not available or affordable. In spite of Govt. Policies for betterment of poor sections of the society, it is still requires major investments in this objective of financial inclusion exercise is easy availability of financial services which allows maximum investment in business opportunities, education, save for retirement, insurance against risks, etc. by the rural individuals and firms. Access to finance by the poor and vulnerable groups is a prerequisite for poverty reduction and social cohesion. This has become an integral part of our efforts to promote inclusive growth. In fact, providing access to finance is a form of empowerment of the vulnerable groups, this comes with some issues and challenges that need to be addressed.

Keywords

Financial Inclusion, Jan-Dhan, Planning Commission, Poverty.

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