An empirical study on financial inclusion and financial literacy (A study of rural areas of moradabad district)

Financial inclusion is the process by which people and organizations approach reasonable financial items and services that suit their needs in a mindful and convenient way. Financial inclusion expects to wipe out the boundaries and give monetarily valued financial facilities to those who are weaker and deprived segments of the general public and to convert them in strong position without relying upon charity or different methods for getting supports that are really not feasible. Study, finally concluded that respondents availed basic services but they have not availed those services which require some technical knowledge or training. They were also not aware about new services provided by banks. The reason behind that is financial illiteracy and trustworthiness in financial decisions.