Economic analysis of rural development through micro-credit system in India

Financial exclusion is broadly defined as the lack of access by certain segments of the society to suitable, low-cost, fair and safe financial products and services from mainstream providers. Thus the essence of financial inclusion is to ensure that a range of appropriate financial services is available to every individual and enable them to understand and access the services. Hence, here paper is based on secondary sources and an objective is to examine the financial inclusion and rural development in India.