Financial Inclusion-A Micro Study

In the present era, majority of the developing nations are striving hard for financial inclusion. Financial inclusion is the process of ensuring access of financial services, timely and adequate credit where needed by vulnerable groups such as weaker sections and low-income groups at affordable cost. The present study is aimed at assessing the role of Co-operative Societies in financial inclusion in Sringeri Taluk, Chickmagalur district of Karnataka State between 2007–08 and 2011–12. The study is based on secondary source of data, which are maintained by the banks. The study revealed that the Co-operative societies play a vital role in financial inclusion, excepting the insurance scheme and bank assets due to absence of separate arrangements for providing banking services and core-banking system in Co-operative societies.