Financial Inclusion In India

Financial Inclusion is the delivery of financial services to all the people in a fair, transparent and equitable manner at affordable cost. Financial Inclusion has the potential to improve the standards of life of the poor and the disadvantaged. Financial services permit individuals and households to manage the risk and uncertainties to save risk free, borrow on better terms, to invest in a business venture or property and to cope with unforeseen expenses.” There are various services which are provided to the customers which are necessary for the inclusion. Not only banks but RBI has also taken care of it by inviting various schemes and various literacy programmes for the citizens of the country so as to make INDIA a financially inclusive country