A Study of Financial Inclusion or Social and Economic Development in India

India is considered as largest rural populations in the world and belongs to agriculture activities, financial inclusion is aimed at providing banking and financial services to all people in a transparent and equitable manner at reasonable cost. Financial inclusion or inclusive financing is the delivery of financial services to sections of low income segments of society. A nation can grow economically and socially if it’s weaker section can turn out to be financial independent. The study focuses on the role of financial inclusion, in strengthening the India’s position in relation to other countries economy. For analysing such facts data for the study has been gathered through secondary sources including report of RBI, NABARDand other articles written by eminent authors. After analyzing the facts and figures it can be concluded that undoubtedly financial inclusion is playing a vital role for the economic and social development of society but still there is a long road ahead to achieve the desired outcomes.