FINANCIAL INCLUSION: CONCEPTS AND OVERVIEW IN INDIAN CONTEXT

Financial inclusion plays a major role in driving a way the poverty from the country. Financial inclusion is delivery of banking services at an affordable cost to the vast sections of disadvantaged and low income groups. The main focus of financial inclusion in India is to promote sustainable development and generating employment in rural areas for the rural population .Financial inclusion is a critical for achieving inclusive growth in the country. The objective of this study is to discussed about the conceptual aspects of financial inclusion,  point out the reasons for financial exclusion, highlight the measures taken by Reserve Bank of India for promoting financial inclusion and the role of  banks towards financial inclusion. The present study is based on secondary data collected from different publications, journals, and news paper and websites. Government of India and Reserve Bank of India has taken various initiatives like opening of no-frills accounts, relaxation on know-your-customer norms, engaging business correspondents for promoting financial inclusion.