financial inclusion

Enhancing the Capacity of the unbanked (under banked) to consume financial services

Access to safe, easy and affordable credit and other financial services by the unbanked and vulnerable groups, disadvantaged areas and lagging sectors is recognized as a pre-condition for accelerating growth and reducing income disparities and poverty. Access to a well-functioning financial system, by creating equal opportunities, enables economically and socially excluded people to integrate better into the economy and actively contribute to development and protects them against economic shocks.

Role of RRBS in Financial Inclusion Empirical Evidence from RRBS in Gujarat

Regional Rural Banks (RRBs) in India have been established to spread the banking amongst rural poor, based on the recommendation of various expert committees. RRBs have special role to play in spread of banking, now known as financial inclusion, in rural and semi urban areas to include the rural mass in banking network and thereby help them the rural poor, small and marginal farmers, artisans, agricultural labors, and even small entrepreneurs.