Reasons For Financial Inclusion And Exclusion.
Financial inclusion of the unbanked masses is a critical step that requires political will, support and persuasion by RBI. It is expected to unleash the potential of the bottom of pyramid section of Indian economy. Perhaps, financial inclusion can begin the next revolution of growth and prosperity.
Financial inclusion from the perspective of basic banking services and consumer credit: A comparative study of law and regulation in the United Kingdom and China by Meihui Zhang Submitted in fulfilment of the requirements for the degree of Doctor of Philosophy in Law (PhD in Law) School of Law College of Social Science University of Glasgow.
Embracing financial inclusion offers great potential for increasing the amount of resources in the formal financial system, which can be deployed to various productive economic sectors of the economy.
Financial Inclusion, Poverty, and Income Inequality in Developing Asia The authors present a broad-based financial inclusion indicator to assess various macroeconomic and country-specific factors affecting the degree of financial inclusion for 37 selected developing Asian economies.
Essay The Development Of The Millennium Development Goals. resources and efforts on five priority areas which are essential for growth and economic integration: investment in ICT infrastructure, expansion of financial inclusion, strengthening private sector engagement, human capacity development and influencing public policy.
The beginning of the financial inclusion in India is done first in the year 1969 where the bank nationalization is being done in India, and after that another bank nationalization was done in 1980, and it is done to make Indian Paradigm shift focus of Banking and shift it from Class banking to mass banking ways to provide banking system only to a few people and only to provide the societies.
There is broad consensus regarding the objective to expand the participation of economic agents in the financial system. Various studies have found that greater financial inclusion increases the population's welfare, reduces the likelihood of falling into poverty, increases productivity and generates a significant positive impact on the country's macro-economy.