Measurement of financial inclusion status of India

Title

Measurement of financial inclusion status of India

Creator

Ravikumar T.

Description

Financial inclusion provides access to formal financial system for all members of the society. Financial inclusion leads to inclusive financial system which has several merits. Financial inclusion facilitates rational allocation of productive resources and thus can potentially reduce the cost of capital. Efforts towards financial inclusion have been undertaken in India for several years. These financial inclusion initiatives have yielded fruitful results for the people to access and use formal financial system. Further, these initiatives led to better penetration of banking system, credit penetration and savings penetration. However, financial exclusion is common phenomena in India among poor and weaker sections. This article has made an attempt to measure state of financial inclusion in India using access indicators, usage indicators and quality indicators of financial inclusion. IAEME Publication.

Source

International Journal of Mechanical Engineering and Technology, Vol-9, No. 7, pp. 354-364.

Date

2018-01-01

Publisher

IAEME Publication

Subject

Access indicators; Financial inclusion; Measurement; Quality indicators; Status; Usage indicators

Coverage

Ravikumar T., Department of Management Studies, CHRIST (Deemed to be University), Bengaluru, Karnataka, India

Rights

Restricted Access

Relation

ISSN: 9766340

Format

Online

Language

English

Type

Article

Identifier

https://www.scopus.com/inward/record.uri?eid=2-s2.0-85050894648&partnerID=40&md5=faa4d971034fba76319fbb8b0ecbc5c4