Financial Inclusion: A Review of Union Government Schemes in India

Abstract

Financial inclusion is a basefor the growth of the economy. Without financial inclusion of all people in the economy there cannot be economic growth in a country. Internationally, financialinclusion is used as a criteria for the assessment of economic development and welfare of a society.Therefore the focus has to be on growth and stability of financial position of all citizens of the country so as to make sure continuous inclusive development in the country. In general, thisconcept ensures the delivery of banking/financial facilities to all in the society in a Gray background proper and simple way. Central government has been being active in the direction of increasing and improvingthe scope of monetary inclusion since long back, and for the same numerous efforts has been taken by Indian government over years. This study focuses towards the contribution of recently taken initiatives by the government in the direction of financial inclusion
Classification-JEL : G02, G18, G28.