Finance has become an indispensable part of any economy for development of the society as well as economy. Developing economies are seeking to encourage financial inclusion as part of their overall strategies for economic and financial development. To achieve this objective developing countries need a strong financial system for sustainable growth. Financial inclusioncan help in achieving equitable and inclusive growth. Hence, this paper attempts to comprehend financial inclusion and its importance for overall development of society and economy. This study also focuses on the various initiatives adopted by various Indian banks towards achieving the goal of financial inclusion. The relevant data has been collected from various Articles and reports of RBI and NABARD.
Business Correspondents, Economic Development, Financial Inclusion, Financial Exclusion, Inclusive Growth
