Abstract : Financial inclusion, in speaking a shorter term however is hiding a lot of meaningful financial instruments awareness which does not only helps any individual/business to grow but also helps economy to boost at higher speed. The said term means the process which involves making awareness and suitability for the financial instruments being available to the population in any society, at affordable costs. These financial instruments may include any of banking products (opening accounts, loans, taking other banking facilities, etc.), or any of insurance products (including life and general insurance), or any of stock or investment related. For the developing economy like India, Financial inclusion is going to play a major role in their development and growth as the objective of whole process is easy access to financial services to everyone, and surely it will lead to bring sociao-economic growth in the country. The study for this paper is focused on covering prevailing status, main issues and challenges, understanding need of financial inclusion in India along with empirical evidences from developed nations like U.S.A. and Japan.
Cite : Kaushik, R., & Khan, A. (2024). Financial Inclusion Perspective: Empowering Growth And Exploring Its Impact On Economic Development In India (1st ed., pp. 109-115). Noble Science Press. https://doi.org/10.52458/9788196897451.nsp.2024.eb.ch-12
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