Download or read book FINANCIAL INCLUSION IN INDIA written by DR.S.V. SHINDE and published by Lulu.com. This book was released on with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book How Inclusive is Financial Inclusion in India written by Firdous Malik and published by . This book was released on 2019 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since, 2006 Financial inclusion got its attention in India. In 2014 Government has initiated various focussed programmes like Savings, Credit, Insurance and Pension services to include the financially excluded people in banking system. The objective of These programmes was to have 100 percent financial inclusion and financial literacy in the country. This study has been examined at world level by including 264 countries to check the financial position of India at global level and to check the impact of recent financial inclusion schemes in the country. In this study we have used financial inclusion index to represent the financial inclusion position in India. Regression Model with dichotomous variable has been used to check is there any significant change IFI with respect recent financial inclusion schemes. The overall financial inclusion position is not much improved. India have achieved low financial inclusion which scales between (IFI. 0 ≤ FII ≤ 0.4; indicates low financial inclusion, LFI.).

Download or read book Inclusive Banking In India written by Lalitagauri Kulkarni and published by Springer Nature. This book was released on 2021-06-01 with total page 195 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book addresses the gaps in the present institutional structure of inclusive finance framework in India. It provides a comprehensive review of the role of banks in financial inclusion policy and micro-finance landscape in India at present. It identifies the key issues within the banking system which prove to be obstacles in the way of achieving financial inclusion and sustainable growth. The book conceptualizes inclusive banking, delves into the theoretical foundations thereof and suggests an institutional framework to avoid overlapping of their functions in order to ensure profitability. It reviews the existing market structure and competition in the inclusive finance arena while considering the role of banks, micro-finance institutions and SHGs in financing the poor. The book proposes a distinct change to the existing business model, examines the bank business model for inclusion and how the banks can and should treat the micro lending clientele as their core client base to counter the issues of profitability and competition in today’s banking sector. It also discusses some of the latest initiatives in inclusive finance and the importance of entrepreneurship development experiments in India and their efficacy in comparison with the micro-lending model.

Download or read book Inclusive Finance India Report 2014 written by Tara S. Nair and published by Oxford University Press, USA. This book was released on 2015 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inclusive Finance India Report 2014 presents in-depth research and analysis on financial inclusion with evidence on the decisive shift in the positioning of microfinance within the financial system of India. Following up on Microfinance State of the Sector Report 2013 by the authors, this year's report focuses on recent developments in inclusive financing and efforts by governments and banks in extending financial services to the unbanked and underbanked regions and populations. The report tracks the progress of financial inclusion initiatives across institutional structures and delivery models, including the main microfinance channels. It contributes to an understanding of the complexities of the financial inclusion process, reviews policy development on inclusive finance, and highlights key challenges and opportunities for diverse stakeholders. A comprehensive reference on annual trends and progress of financial inclusion and the microfinance sector, the report synthesizes data and inputs from the Reserve Bank of India, NABARD, Ministry of Finance, banks, apex financial institutions, technology services providers, sector experts, and resource agencies. It serves to provide a perspective on the practice of financial inclusion in India as well as informing the policy formulation process.

Download or read book The Global Findex Database 2017 written by Asli Demirguc-Kunt and published by World Bank Publications. This book was released on 2018-04-19 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 2011 the World Bank—with funding from the Bill and Melinda Gates Foundation—launched the Global Findex database, the world's most comprehensive data set on how adults save, borrow, make payments, and manage risk. Drawing on survey data collected in collaboration with Gallup, Inc., the Global Findex database covers more than 140 economies around the world. The initial survey round was followed by a second one in 2014 and by a third in 2017. Compiled using nationally representative surveys of more than 150,000 adults age 15 and above in over 140 economies, The Global Findex Database 2017: Measuring Financial Inclusion and the Fintech Revolution includes updated indicators on access to and use of formal and informal financial services. It has additional data on the use of financial technology (or fintech), including the use of mobile phones and the Internet to conduct financial transactions. The data reveal opportunities to expand access to financial services among people who do not have an account—the unbanked—as well as to promote greater use of digital financial services among those who do have an account. The Global Findex database has become a mainstay of global efforts to promote financial inclusion. In addition to being widely cited by scholars and development practitioners, Global Findex data are used to track progress toward the World Bank goal of Universal Financial Access by 2020 and the United Nations Sustainable Development Goals. The database, the full text of the report, and the underlying country-level data for all figures—along with the questionnaire, the survey methodology, and other relevant materials—are available at www.worldbank.org/globalfindex.

Download or read book Financial Inclusion in Sikkim written by Madan Chhetri, 1st and published by . This book was released on 2021-12-08 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The term Financial Inclusion has gained its importance since the early 2000s. Financial inclusion is globally considered as a critical indicator of development and well-being of the society. As a result of renewed thrust on financial inclusion, an inclusive financial system is widely recognised in policy circles as a proactive measure and has become a basic priority in many countries - including India. Financial inclusion is defined as the availability and equality of opportunities to access financial products and services in the form of banking, loan, equity and insurance products. The book tries to identify the barriers of financial inclusion, both supply side and demand side. Supply side barriers stem from financial institutions themselves, indicating poor financial infrastructure whereas demand side barriers refers to the aspects of the individual seeking financial services and include poor financial knowledge, lack of financial capability.

Download or read book Financial Inclusion in India A Look written by Dr. Bilas Kale and published by . This book was released on 2019 with total page 3 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reserve Bank of India's vision for 2020 is to open nearly 600 million new customers' accounts. The government should encourage the banks to adopt financial inclusion by means of financial assistance, financial literacy, advertisement, awareness program, etc. to achieve the aim of 11th plan of Inclusive Growth. The availability of quality financial services in rural areas is extremely important for the growth of the economy as this will enable the large number of rural households to fund the growth of their livelihoods. The growth of the economy is dependent on the growth of the rural market in the country. Therefore greater financial inclusion in these segments is imperative. The main objective of this study is to review various papers on the how financial inclusion serves as a means of inclusive growth and to study the initiatives taken by Government and Reserve Bank of India for strengthening financial inclusion in the country. The study is based on secondary data collection. Financial inclusion plays a major role in inclusive growth of the country. It is estimated that globally over 2.5 billion people are excluded from access to financial services of which one third is in India. The origins of the current approach to financial inclusion can be traced to the United Nations initiatives, which broadly described the main goals of inclusive finance as access to a range of financial services including savings, credit, insurance, remittance and other banking /payment services to all 'bankable' households and enterprises at a reasonable cost. In India, financial inclusion first featured in 2005, when it was introduced by Dr. K.C. Chakrabarty, the Chairman of Indian Bank. Mangalam Village becomes the first village in India where all households were provided banking facilities.

Download or read book Financial Inclusion in Circular Economy written by Vinay Kandpal and published by Springer Nature. This book was released on 2023-01-30 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents an assessment of endeavors towards Financial Inclusion and its role in Sustainable development. An attractive feature is that it deals with almost all the contemporary issues essential for reaching UN Sustainable Development Goals. This book would be an exclusive and authentic source to the students of undergraduates, postgraduates and professional courses in Commerce and Management. This manuscript is divided into nine chapters. The book looks at various salient topics, including financial inclusion measurement, the impact of various financial inclusion indicators on development outcomes and macroeconomic volatility using aggregate data, and the effects of financial inclusion on poverty and development outcomes using microdata. Using the recently adopted Sustainable Development Goals as an overall framing of the issues, it exhibits how poor and disadvantaged women and men can be bankable if the adequate facilitation for maximizing opportunities and addressing constraints. This book attempts to cover different dimensions of Financial Inclusion towards attaining Sustainability and Circular Economy through financing instruments and investments. This book highlights different goals of UN SDG as an Initiative towards Inclusive Growth and Circular Economy, which is also influenced by Micro Finance Institutions and NBFCs. This book will be an indispensable source for the Students of PG and UG programs, Researchers and practitioners from areas of Commerce, Economics and Management and the faculty members and professionals like bankers and financial consultants. We hope this book will meet the requirement of all the categories of readers.

Download or read book Financial Inclusion and Inclusive Growth written by K. Gangadharan and published by . This book was released on 2012 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inclusive growth has been the catch word for most of the developing countries of the world to attain equity, justice. One of the more impressive aspects of India's growth story relates to the expansion of the banking infrastructure. Since 1969, India's banking network has grown tenfold from 8,000 branches to 80,000. However, it is a sad reality that for all the impressive growth, nearly 40% of the households in India - many of them rural - do not have a bank account. The exclusion of vast segment of the population - comprising mostly marginal farmers, agricultural workers, and casual laborers - is perceived as an impediment to inclusive growth. Additionally, financial apartheid is still haunting vast segments of the global community, especially in developing economies. This book highlights how financial inclusion culminates in inclusive growth. It portrays the scope and dimension of different financial inclusion strategies, and it looks at the role and potential of different agencies involved in financial inclusion, tackling the issues of financial exclusion in order to attain a target of inclusive growth.

Download or read book Talking Financial Inclusion in Liberalised India written by M. S. Sriram and published by Taylor & Francis. This book was released on 2017-10-04 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a set of conversations with five former Governors of Reserve Bank of India (from 1992 onwards) on the topic of financial inclusion. Two key aspects are introduced in the conversations with each Governor: the initiatives that were undertaken during their tenure and their responses to some of the current issues. Further, they examine the reasons and justifications for significant decisions and measures that were undertaken or withheld. The discussion captures the evolution and approach of the central bank in addressing a variety of questions pertaining to financial inclusion. The volume is an important contribution to the study of India’s continuous but not entirely successful efforts in increasing the reach of its formal financial sector. It reconstructs how the policy approach to inclusive banking has progressed and resisted commercial and market imperatives to safeguard the deprived and dispossessed sections of society. With its wide-ranging blend of conversations, documentation, research and commentary coupled with its engaging style, the book will interest students and researchers in the areas of development, banking, macroeconomics, public administration and governance, as well as academics, analysts, policymakers, think tanks, journalists, media and those concerned with the Indian economic policy.

Download or read book Status of Financial Inclusion in India written by and published by . This book was released on 2016 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book India s Approach to Open Banking Some Implications for Financial Inclusion written by Mr.Yan Carriere-Swallow and published by International Monetary Fund. This book was released on 2021-02-26 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine how the development of the digital infrastructure known as the “India Stack”—including an interoperable payments system, a universal digital ID, and other features—is delivering on the government’s objective to expand the provision of financial services. While each individual component of the India Stack is important, we argue that its key overarching feature is a foundational approach of providing extensive public infrastructures and standards that generates important synergies across the layers of the Stack. Until recently, a large share of India’s population lacked access to formal banking services and was largely reliant on cash for financial transactions. The expansion of mobile-based financial services that enable simple and convenient ways to save and conduct financial transactions has provided a novel alternative for expanding the financial net. The Stack’s improved digital infrastructures have already allowed for a rapid increase in the use of digital payments and the entry of a range of competitors including fintech and bigtech firms.

Download or read book Financial Inclusion and the Role of Banking System written by Sudarshan Maity and published by Springer Nature. This book was released on 2022-04-22 with total page 238 pages. Available in PDF, EPUB and Kindle. Book excerpt: The book portrays the scope and dimension of different financial inclusion strategies. It looks at the role and potential of banks involved in financial inclusion. This book focuses on the importance of financial inclusion and in measuring its important determinants. It provides an empirical insight into how the different factors influence financial inclusion of a nation, providing a guideline to the banks and the regulators to select an effective structure of bank branch and efficient composition, to ensure best utilization of their devoted resources in the context of a developing economy.

Download or read book The Financial Inclusion Imperative and Sustainable Approaches written by Dīpāli Panta Jośī and published by Cambridge India. This book was released on 2011 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Financial Inclusion in Emerging Markets written by Ananda S. and published by Springer Nature. This book was released on 2021-10-04 with total page 343 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses ideas for stakeholders to develop strategies to access and use financial products and services such as deposits, loans, and fund transfer mechanism, insurance, payment services, and intermediaries, distribution channels at economical prices in order to cater to the needs of the poor and underprivileged people. Financial inclusion ensures ease of access, availability, and usage of the financial products and services to all the sections of the society. The book will help in recognizing the role of financial inclusion as one of the main drivers in reducing income inequality and thus supporting sustainable economic growth of the countries, especially of an emerging economy. The book provides conceptual and practical ideas from the practitioners, best practices from the experts, and empirical views from the researchers on the best practices and how to mitigate the challenges and issues plaguing the development of the financial inclusion.

Download or read book Financial Inclusion and Livelihood Transformation written by Srimoyee Datta and published by Springer Nature. This book was released on 2023-08-28 with total page 215 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the role and effect of Microfinance Institutions (MFIs) with different dimensions. It is being supported with strong empirical evidence into various parameters of MFIs directed towards inclusive finance and the transformation journey of livelihoods of its beneficiaries. It also incorporates empirical evidence with the perception of both beneficiaries and non-beneficiaries. Starting its journey toward the path of comprehending how MFIs make their footprint among the excluded population in the selected areas, it incorporates the different outcomes of MFI lending like credit utilisation patterns, income generation, and employability. As financial stability helps to break out the vicious cycle of poverty, this book emphasises the self-dependent element for the beneficiaries and their households. It addresses the important issue of the female counterparts in society. It shows how the MFIs work actively to generate female empowerment from multiple dimensions among the selected communities. It addresses key issues to consider for inclusive policy formulation, especially for backward communities in the backward areas and gives a realistic scenario of the MFI activities, their interactions with the respondents, the various outcomes, and areas for further developments, etc. This book is beneficial for academicians, researchers, and policymakers.

Download or read book Developing a Financial Inclusion Index and Inclusive Growth in India written by Susanta Kumar Sethy and published by . This book was released on 2018 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial inclusion is one of the systems through which Inclusive Growth can be achieved in developing countries like India where large sections are unable or hopeless to contribute in the financial system. An inclusive financial system mobilizes more resources for productive purposes leading to higher economic growth, better opportunities and reduction of poverty. This study, proposed an Index of financial inclusion - a multidimensional measure. The Financial Inclusion Index can be used to compare the range of financial inclusion across different economies and to monitor the progress of the economies with respect to financial inclusion over time. From the computation of Financial Inclusion Index of India, it is evident that during 2010 to 2012 (Demand side dimensions such as: banking penetration, availability of banking services, usage of the banking system), India is categorised under the full financial inclusion or high financial inclusion and during 1987-1988 and 1989-2009 (Supply side dimensions such as: access to saving, access to insurance, bank risk), India is categorised under the low financial inclusion. Here, the major difference between the demand side and supply side indicators of Financial Inclusion Index during the period 2010 to 2012 is that, the India is categorised under the high financial inclusion in case of demand side dimensions but low financial inclusion in case of supply side dimensions.