Asian Journal of Research in Banking and Finance
  • Year: 2017
  • Volume: 7
  • Issue: 8

A Comprehensive Literature Review on Financial Inclusion

Department of Management Studies, Christ University, Bangalore, India, ravikumar.t@christuniversity.in

Online published on 21 August, 2017.

Abstract

Financial inclusion refers to provision of formal financial services namely basic savings bank account, credit facilities, payment services, insurances and so on to the downtrodden and poor people at reasonably priced cost. This article discusses about research reviews of financial inclusion comprehensively in terms of its conceptual framework, nature and causes of financial exclusion, costs and consequences of financial exclusion, measurement of financial inclusion and role of financial inclusion on economic growth.

Keywords

Literature review, financial inclusion, Measurement of financial inclusion, Conceptual framework