Theoretical Background Of Study On Financial Inclusion Essay

Theoretical Background of Study Introduction: Financial inclusion is the new concept which helps to attain the sustainable development of the country. It provides banking and financial services to all people in a fair, visible and reasonable manner at affordable cost. The poorer income Households often lack to access bank account and have to spend time money for several visits to achieve the banking services. Financial inclusion is help to the sustainable societal and economic improvement of the country. It helps to the empowerment of underprivileged, poor and women of the society with the mission of creation them self-reliant and well informed to take superior financial decisions. Financial inclusion takes into the involvement of vulnerable 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. financial inclusion implement to easy accessibility of financial services which allows maximum investment in business, education, insurance against risks, save for retirement etc. by the rural individuals and firms.(source: www.wikipedia.org/wikifiancialinclusion.html) Definition: â€Å"Financial Inclusion is the process of providing financial products and Services required by all sections of the society, such has weaker Sections and low income groups in particular at an affordable cost in a fair and transparent manner by conservativeShow MoreRelatedTheoretical Background Of Study On Financial Inclusion Essay1109 Words   |  5 PagesTheoretical Background of Study: Introduction: Financial inclusion is the new concept which helps to achieve the sustainable development of the country. It provides banking and financial services to all people in a fair, visible and reasonable manner at affordable cost. The low income Households often lack to access bank account and have to spend time money for several visits to achieve the banking services. Financial inclusion is help to the sustainable societal and economic development ofRead MoreInternal Guide External Guide For Jammu And Kashmir Bank Limited Srinagar1197 Words   |  5 PagesProject Report On â€Å"FINANCIAL INCLUSION [PRADHAN MANTRI JAN-DHAN YOJANA (PMJDY)] WITH REFERENCE TO JAMMU AND KASHMIR BANK LIMITED SRINAGAR† By RAIEES BASHIR USN 1HK13MBA06 Submitted to VISVESVARAYATECHNOLOGICALUNIVERSITY, BELGAUM In partial fulfillment of the requirements for the award of the degree of MASTER OF BUSINESS ADMINISTRATION Under the guidanceRead MoreSocial And Academic Performance Of Undocumented Mexican Women Essay1014 Words   |  5 PagesI. 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