A Study on Financial Inclusion and Financial Development in India

Financial inclusion is indispensible for development. Financial inclusion is making available financial services, particularly banking services to poor. Overall financial inclusion level of India is very low but the states in the south are having good financial inclusion. For increasing financial inclusion general literacy campaign together with financial literacy, branch penetration, deposit and loan penetration are required. Financial inclusion is an integral part of growth process..It is critical for achieving inclusive economic growth and only such a growth is sustainable. Financial inclusion is where individuals and businesses have access to useful affordable financial product and services that meet their needs that are delivered in a responsible and sustainable way The study aims at the financial inclusion and financial development of the India.