Authors :
Dr. Susanta Mondal
Volume/Issue :
Volume 5 - 2020, Issue 3 - March
Google Scholar :
https://goo.gl/DF9R4u
Scribd :
https://bit.ly/2RleYC8
Abstract :
An efficient financial system is a prerequisite
for a country’s socio-economic development. It acts as a
building block for the mobilization of savings and
allocating them to the productive resources. Realizing
the role of financial inclusion as an enabler of inclusive
growth, the Government of India along with Reserve
Bank of India have taken a number of policy initiatives
to include the large unbanked masses into the financial
mainstreams. Recent development in communication
technology can be used in a very efficient manner for
bringing the financially excluded people under the
ambit of digital financial inclusion in a cost-effective
manner. Digital financial services have a great capacity
to support financial inclusion for inclusive economic
development.
Keywords :
Financial Inclusion, Digitization, Mobile Banking, Inclusive development.
An efficient financial system is a prerequisite
for a country’s socio-economic development. It acts as a
building block for the mobilization of savings and
allocating them to the productive resources. Realizing
the role of financial inclusion as an enabler of inclusive
growth, the Government of India along with Reserve
Bank of India have taken a number of policy initiatives
to include the large unbanked masses into the financial
mainstreams. Recent development in communication
technology can be used in a very efficient manner for
bringing the financially excluded people under the
ambit of digital financial inclusion in a cost-effective
manner. Digital financial services have a great capacity
to support financial inclusion for inclusive economic
development.
Keywords :
Financial Inclusion, Digitization, Mobile Banking, Inclusive development.
