Bhartiya Bhasha, Siksha, Sahitya evam Shodh
ISSN 2321 - 9726 (Online) New DOI : 10.32804/BBSSES
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ROLE OF FINANCIAL INCLUSION FOR INCLUSIVE GROWTH
1 Author(s): AKASHDEEP MALIK
Vol - 5, Issue- 9 , Page(s) : 27 - 29 (2014 ) DOI : https://doi.org/10.32804/BBSSES
“Financial Inclusion” literally means the transfer of banking services at a reasonable cost to the huge sections of deprived and low income group. The services which normally comes under Financial Inclusion, include – credit, savings, insurance, payments and most importantly remittance facilities. Financial Inclusion is likely to connect the masses to banks with significant benefits. AmartyaSen (2000) argued that poverty is not only insufficient income, but it is the deprivation of various capabilities, which includes security and ability to participate in Economic as well as Political systems. Again, “Inclusive Growth” implies an impartial distribution of resources with profits gained to every sections of the society. When we say about Financial Inclusion, we cannot ignore growth aspect, especially forIndia. Financially covered people or may be areas can accentuate the growth of a country, where India is also not the exception.