Even after 67 years of independence, a massive section of our Indian population still ruins unbanked. This gloominess has led generation of financial volatility and pauperism among the lower income group who do not have access to financial products and services of the banking sector. So Government of India and Reserve Bank of India has been pushing the concept and idea of financial inclusion. In this background present study is selected to know present status of financial inclusions through Banks. To achieve the aforesaid the data is gathered from secondary sources i.e. from Department of Financial Services, Ministry of Finance, and Government of India. From the present study it is found that the number of accounts has been increasing from 5.45 per cent in 1992 to 12.25 percent in 2010. However, it has registered the growth rate of accounts in 2009 at 18.84 per cent rural areas. The number of accounts in rural area during 2010 is about 30 per cent which is higher than that of semi urban 26 per cent urban 21 per cent and metropolitan 23 per cent respectively. it is also found that The direct institutional credit of RRBs has been the strong support for agriculture and allied activates in rural areas. Outstanding loans of scheduled commercial banks accounted for 71 per cent share, and only 18 per cent loans by cooperative banks and 11 per cent share of loans by RRBs respectively. Annual growth rate of outstanding credit by RRBs has been continuously increasing during 1990–91 to 2009–10. In the present study it is also found that A maximum, of 73 per cent outstanding loans are covered by PACS during 2009–10, nearly 16 per, cent share is covered by SCARDBs and only 11 per cent PCARDBs respectively and SCBs Direct Finance to Farmers according to size of, land holdings in India. Number of accounts of the farmers ’up to 2.5 acre constitutes 36 per cent of the total, the farmers with 2.5 acre to 5.0 acre land who possessed 30 percent of accounts and the farmers above 5 acres comprised of 34 per cent during 2008–09 in India
Financial Inclusion, Commercial banks, RRBs
