Financial inclusion

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dheeraj kumar

dheeraj kumar (Querist)
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10 December 2012 WHAT IS FINANCIAL INCLUSION

ONLY ONE STATE IN INDIA WHICH HAS ACHIEVED FINANCIAL INCLUSION

C.A. C.S. Meera Doshi

C.A. C.S. Meera Doshi (Expert)
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10 December 2012 Financial inclusion or inclusive financing is the delivery of financial services, at affordable costs, to sections of disadvantaged and low income segments of society. Unrestrained access to public goods and services is the sine qua non of an open and efficient society. It is argued that as banking services are in the nature of public good; the availability of banking and payment services to the entire population without discrimination is the prime objective of this public policy. The term "financial inclusion" has gained importance since the early 2000s, and is a result of findings about financial exclusion and its direct correlation to poverty. Financial inclusion is now a common objective for many central banks among the developing nations.

C.A. C.S. Meera Doshi

C.A. C.S. Meera Doshi (Expert)
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10 December 2012 Kerala is the first state to achieve Financial Inclusion!

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