Financial inclusion of rural sector: Imperative for sustainable economic growth of India

Title

Financial inclusion of rural sector: Imperative for sustainable economic growth of India

Creator

Mittal S.; Chaudhry S.

Description

This research paper aimed to take a look on the present status of financial inclusion in the Indian economy, especially in the rural sector. It also suggested few measures to be taken by the government and banking sector to enhance the inclusion of deprived sections of our country in the financial ecosystem. The data was collected from various secondary sources to depict the present level of financial inclusion, primarily after the implementation of various government policies. The suggested measures mainly included financial literacy and awareness campaign to be implemented at the grass root level along with a robust infrastructure to increase the telephone and internet connectivity in the rural sector. The researchers also analysed that the financial inclusion of the rural sector is imperative for the sustainable economic growth of an agricultural driven economy like India. 2021 Ecological Society of India. All rights reserved.

Source

Indian Journal of Ecology, Vol-48, pp. 51-55.

Date

2021-01-01

Publisher

Ecological Society of India

Subject

Financial ecosystem; Financial inclusion; Financial literacy; Rural sector; Sustainable economic growth

Coverage

Mittal S., School of Business Studies, Sharda University, Greater Noida, 201 306, India; Chaudhry S., Department of Management Studies, CHRIST (Deemed to be) University, Delhi NCR, 201 003, India

Rights

Restricted Access

Relation

ISSN: 3045250

Format

Online

Language

English

Type

Article

Identifier

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85113815643&partnerID=40&md5=4e32ef1bbb00c26d0d499630038d457e