Financial Inclusion for Inclusive Growth of India

ICSSR-NLSFIRU-2018 | SPECIAL ISSUE | SEP-2018 | Published Online: 05 October 2018    PDF ( 201 KB )
Author(s)
Ms. K. S. Kavitha 1

1Head & Assistant Professor of Business Administration, Sri Sarada Niketan College of Science for Women,Karur (India)

Abstract

India is one of the largest and fastest growing economies of the world, but what has been the most disturbing fact about its growth is that its growth has not only been uneven but also discrete. It has been uneven in the sense that there has been no uniformity in its growth performance and it has been discrete and disconnected with regard to growth and distribution of growth benefits to certain sectors of economy. Thus, the need for inclusive growth comes in the picture of Indian economic development. However, for attaining the objectives of inclusive growth there is a need for resources and for resource generation and mobilization financial inclusion is required. It plays a very crucial role in the process of economic growth. The present paper focuses on to understanding inclusive growth phenomenon its need and financial inclusion as an instrument to attain it.

Keywords
Financial Inclusion, NFA, OFI, IT, MFI
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