Status of Financial Inclusion in India

Poverty is a big burden for the growth It is expected that worldwide, more than 2 billion people are omitted from entree to financial services, in which one third is in India The Advancement of Comprehensive Financial Inclusion is a superior priority for sustainable growth in any country. Post-Independence, India has felt the change and Govt. has given imperial importance to the financial inclusion. The development in Information and Communications Technology (ICT) is giving a boost to the Financial Inclusion in India which means providing essential financial services to the people. The latest technology has evolved in such a way that branchless banking schemes has become a lifeline for financial inclusion. This paper provides the status of financial inclusion in India