Financial Inclusion in India-An Overview

The key to sustainable economic development depends upon extent of Financial Inclusion. Globally this concept is experienced and accepted by all developed as well as underdeveloped countries. Recent initiatives by the government like PMJDY have made noticeable development. The objective of Financial Inclusion is easy access to financial services for every one irrespective of geography and demography, but unfortunately it is not happening. While moving from Financial Exclusion to Financial Inclusion, care should be taken that it should not become Illusion. This paper covers concept of Financial Inclusion and scenario at global and national level.