Financial Inclusion in India: A Descriptive Analysis

Evaluating the Achievement of Financial Inclusion in Indian States

Abstract

Recently, several steps have been taken by India for financial inclusion to achieve fast and comprehensive growth. This study looks forward to evaluate the acaccomplishment of the states of India with reference to their financial inclusion. Financial Inclusion is the key to achieve inclusive growth for comprehensive development in the society. As the majority of the people living in slums are independently employed or utilized in the disorderly areas, they require credit consistently for their work. Ten indicators of financial Inclusion have been taken into consideration for this study. Figures published by the Reserve Bank of India (RBI) and the Government of India has been used for this research.Positions of the states as per the total score show that although the province of Goa is the awesome, of the states in southern district have performed better as far as monetary incorporation is concern. The degrees of monetary consideration in the states in India have a low mean and high uniqueness. The current examination depends on optional sources and analyst has utilized illustrative strategy for analyzing data