Financial Inclusion in Haryana (Inter-District Decadal Comparative Analysis)

Financial inclusion plays crucial role to attain the goal of inclusive growth in the country. Financial Inclusion includes many institutions like banks, self-help groups, LIC, post offices and micro finance institutions etc. But the present paper has taken financial inclusion through banking services due to its vast area. The banking includes savings, loans, number of accounts, number of offices, KCC and ATM etc, three determinants have been taken to show district-wise decadal financial inclusiveness i.e. number of offices, total saving and loan amount for the year 2006 and 2016. Index of financial inclusion taken by UNDP will be applied to find the growth of financial services among districts of Haryana. Zero indicates complete financial exclusion and one indicate complete financial inclusion. Due to the policy of Jan Dhan Yojna of Prime Minister Narender Modi ji, most of weaker section or poor people have opened their account in banks. After the success of PM, Jan Dhan Yojna, new scheme Mudra bank loan Yojna has initiated as a vision by prime minister with a slogan, ‘Fund the unfunded’. It has helped to facilitate micro credit up to 10lakh to such small business owners According to the report of RBI (2015), RBI has suggested that Financial Literacy Camps to aware the rural as well as urban people about financial services. Keyword: IFI, Jan Dhan Yojna, Goal, Offices, Saving, Loan