An Overview of Financial Inclusion in India

  • S V Divya Research scholar in commerce, Sri Parasakthi College for women, Courtallam, Thenkasi, Tamil Nadu, India
  • A Abirami M. Phil Scholar in Commerce, Sri Ram Nallamani Yadava Arts and Science College, Tenkasi, Tamil Nadu, India
Keywords: Financial Inclusion, Financial system, Economic growth


Financial inclusion is one of the most imperative aspects in development of economies. It means the process of ensuring access to financial services. It takes into account the participation of susceptible groups such as weaker sections of the society and low income groups, based on the extent of their access to financial services such as savings and payment account, credit insurance, pensions etc. It has the ability to generate positive externalities: and to increase in savings, investment and thereby, spurs the processes of economic growth. It also provides a platform for inculcating the habit of saving money, especially amongst the lower income category that has been living under the constant shadow of financial duress, mainly because of absence of savings, which makes them a vulnerable lot. This paper attempts to present an overview of financial inclusion in India.

How to Cite
Divya, S. V., & Abirami, A. (2016). An Overview of Financial Inclusion in India. Shanlax International Journal of Economics, 4(4), 34-39. Retrieved from