Year : 2019, Volume : 9, Issue : 3
First page : ( 34) Last page : ( 46)
Print ISSN : 0000-0000. Online ISSN : 2249-6270.
Article DOI : 10.5958/2249-6270.2019.00017.5

Financial inclusion through digital financial services

Ganeshappa K¹, Assistant Professor and Research Scholar, Mayya Sureshramana Dr.², Assistant Professor

¹Department of, Commerce and Management, Dr. G. Shankar Government Women's First Grade College and P. G. Study Centre, Udupi-576101

²Department of Commerce, M. G. M. College, Udupi-576102

Abstract

The concept of financial inclusion has its own importance not only at the National level and but also in International level. The financial system and financial inclusion both contribute for sustainable development of economic growth and progress of an economy. The financial inclusion consists of promoting banking habit among the rural community. The insight of the financial inclusion is the delivery of financial services at reasonable cost to the people who are in grass root of the low-income community who are unable to access the financial services from the Financial Institution. This paper is an attempt to highlight the delivery of financial services through digital means like Mobile Phones, Personal Computers or Cards linked to a reliable digital payment system. The paper focuses on increasing the efficiency and welfare of the lower strata of the society by providing an opportunity for secure and safe saving practices by facilitating a better and efficient financial service through digital means. At last, the present study stress upon the challenges and suggestions to achieve the goal of financial inclusion by digital means very efficiently and effectively in India.

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Key words

Financial Inclusion, Sustainable development, Banking habit, Digital payment.

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