The paper emphasizes that mobilizing and circulating financial resources is a primary requirement for the development of any economy. For a developing nation like India, achieving inclusive economic growth is critically linked to financial inclusion, making it a key policy objective. The fundamental purpose of this study is to analyse how financial inclusion impacts the growth of the Indian economy Sand to examine the various initiatives undertaken by banking institutions in India to achieve inclusive growth. Indian policymakers, including the Government of India and the Reserve Bank of India (RBI), have actively worked to promote financial inclusion as a national priority. These efforts recognize that despite various inclusive banking initiatives introduced over the years—such as cooperative movements, bank nationalization, and creating regional rural banks—a significant percentage of the population still lacks access to formal financial products and services. In conclusion, the study suggests that financial inclusion has made a notable contribution to the development of the Indian economy but highlights the need for further efforts to achieve truly inclusive growth...
Download
Download XML