Abstract
Financial Inclusion or inclusive financing is the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of society, in contrast to financial exclusion where those services are not available or affordable. For the purpose of giving such financial services in easy and convenient way government has developed many financial plans in the rural areas. These plans are helpful for people who want to access financial services. The availability of banking and payment services to the entire population without discrimination is the prime objective of this public policy. Thus the term Financial Inclusion can be defined as the process of ensuring access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections and low income groups at an affordable cost. The nations should takeover and remedy to reach the financial services to the weaker sections. So, this study has been undertaken to analyse the prospects of financial inclusion in rural areas.
Keywords. Bank, Financial Services, Financial Inclusion, Rural Perspective.
JEL. G20, G29, G30.References
Anjum, B., & Rajeshtiwari, (2012). Role of private sector banks for financial inclusion, International Journal of Multidisciplinary Research, 2(1), 270-280.
Anupama, S., & Kukreja, S. (2013). An Analytical shidy: Relerance of Financial Inclusion for Developing Nations - Research Inventry. International Journal of Engineering science, 2(6), 15 -20.
Bagli, S., & Dutta, P. (2012). A study of Financial Inclusion in India, Radix International Journal of Research in Economics and Business Management 1(8). 1-18.
Band, G., Naidu K., & Mehadia, T. (2012). Opportunities and Obstacles to Financial Inclusion, Arth Prabhand: A journal of Economics and Management, 1(1), 60-73.
Bhatt, S. (2012). Kissan Credit card An Instrument for Financial Inclusion, International Indexed & Referred Research Journal, 1(1), 49-51.
Chitta, M. (2009). Financial Inclusion, poverty Reduction and the Millennium Development goals, European Journal of Development Research, 21(2), 213 - 230. doi:10.1057/ejdr.2008.17
Chiurisa, O., Tadu, R., & Muyambiri, B. (2013). Financial inclusion and financial stability: The important role of financial regulation in explaining the relationship. Empirical review, Journal of Research in International Business and Management, 3(4), 139-149.
Divya, H. K. (2013). A study on Impact of Financial Inclusion with reference to daily wage earners, Journal of Business Management & social sciences Research, 2(6), 85-92.
Gaikwad, S. R. (2012). Successful role played by states bank on India in promoting financial inclusion in Indıa. International Interdisciplinary Research Journal. 1(2), 4-11.
Khaki, A. R., & Sangmi, M. (2012). Financial inclusion in Jammu & Kashmir: A study on banker’s initiatives, Journal of Art, science & commerce, 3(4), 115-123.
Kumar, H. N., Majunath S. J., & Kumar, A. G. (2012). Role of Banks in achieving financial inclusion, International Journal of Business and Management Research, 2(10), 518-521.
Kumar, P., & Sharma, C. S. (2011). People empowerment & financial inclusion through microfinance in India, Journal of Applied Management & Computer Science, 4, 1 - 10.
Mahadeva, M. (2008). Financial Growth in India: whither financial Inclusion? Margin - The journal of Applied Economic Research, 2(2), 177-197. doi: 10.1177/097380100800200202
Mukherjee, A., & Chakrirborthy, S. (2012). Financial Inclusion of the poor and Marginalised in Jharkhand: Analysis of the Existing Model, International Journal on Research and Development - A Management Review, 1(1), 1-8.
Nanjibhai, R. D. (2013). Financial inclusion in Gujarat: A study on Bankers’ Initiatives, International Journal of scientific Research, 2(2), 32-34.
Paramasivan, C. (2011). Financial Inclusion through commercial Banks in India, Proceedings of Financial Inclusion for Inclusive Development, 1(2), 39-42.
Paramasivan, C., & Kumar V. G. (2013). Overview of financial inclusion in India, International Journal of Management and Development studies, 2(3), 45-49.
Rahman, A. (2012). Financial inclusion and Growth of Indian banking system, Journal of Business and Management, 1(3), 25-29.
Roy, S. K. (2012). Financial Inclusion in India: An Overview, Asian Journal of Multidimensional Research, 1(5), 136-138.
Sahu, K. K. (2013). Commercial Banks, financial Inclusion and Economic Growth in India, International Journal of Business and Management Invention, 2(5), 1-6.
Savita, S. (2013). Financial Inclusion in India: Do Microfinance Institutions Address Access Barriers?. ACRN Journal Entrprenurship perspectives, 2(1), 60-74.
Shashikumar, T. P., Rangaswamy, K., & Kiran, S. P. (2013). Financial Inclusion in India: An overview, Research Explorer journal, 2(6), 13-15.
Sharma, P., & Tuli, R. (2012). Financial inclusion plans (FIPs) - Growing roots in the light of good governance of RBI, International Journal of Management, IT and Engineering, 2(8), 597-604.
Srijanani, D. (2012). Financial Inclusion: Taking Banking services to the common man, International journal of Management and Business studies, 2(3), 54-58.
Thapar, A. (2013). A study on the effectiveness of the financial inclusion program in india, International Journal of Business and Management Research, 3(6), 211 - 216.
