Asian Journal of Research in Banking and Finance
Year : 2017, Volume : 7, Issue : 10
First page : ( 60) Last page : ( 71)
Online ISSN : 2249-7323.
Article DOI : 10.5958/2249-7323.2017.00119.5

Indian Literature Review on Financial Inclusion

Dr. Gupta Jasmine

Vice President, Kotak Mahindra Bank Ltd. Mumbai, India. jasmineguptab03@gmail.com

Online published on 11 October, 2017.

Abstract

A broad definition of financial inclusion refers to the delivery of financial system at an economy to its members. The Government of India's Committee (Rangarajan Committee's Report, 2008) on ‘Financial Inclusion in India'defines financial inclusion ‘as the process of ensuring access to financial services and timely adequate credit where needed by vulnerable groups such as the weaker sections and low income groups at an affordable cost’.

Financial inclusion has been a subject of growing interest and one of the major socioeconomic challenges on the agendas of international institutions, policymakers, central banks, financial institutions and governments. Academic researchers as well as policy makers have carried out a lot of secondary as well as primary researches in various areas of financial inclusion. In this paper the author, after a review of some of the existing available literature related to financial inclusion has described the focus, objectives and findings of some major research works of academic researchers as well as practitioners in India. All these research studies have been presented in a chronological order.

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