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Further, this development or growth is not an even one, throughout the country, while urban regions are growing at greater research rate; rural areas are still remaining stagnant. Further the Gini Index shows, the gap between the rich and the poor households keeps on increasing, thereby condition of the poor worsening further. As per the statistical.
So as a last door step to Financial Inclusion, RBI came up with an initiative of launching National pilot project on Financial Inclusion in Puducherry in 2005. The specialty of this Financial Inclusion project is that accounts are opened by the bank officials at the doorsteps of households without insisting on any minimum balance or.
Home Essays Financial Inclusion in, only available on StudyMode, open Document. Save to my library, please sign up to read full document. Inancial inclusion - A path towards s future economic growth by Dr. K. Ravichandran, Dr. Khalid Alkhathlan Assistant Professor, King Saud University, Saudi Arabia synopsis: Though our country's economy is growing around.
Defination: Financial Inclusion is the delivery of banking services at affordable costs to vast sections of disadvantaged and low income groups. Unrestrained access to public goods and services is the sine qua non of an open and efficient society. It is argued that as banking services are in the nature of public good, it is.