Rural social groups and financial inclusion – A study in Chamarajanagar district

The process of progress of high economic growth trajectory (path) there is an indispensable need the participation of all sections of society. Lack of accessibility of finance for small and marginal farmers and weaker sections of society has been recognized as a serious setback to economic progress particularly in India. Moreover, a continuous and persistent deprivation of services of banking sector to a large segment of the population represents to a decline in investment and has the potential instrument for social tensions causing social exclusion. While the importance of financial inclusion is widely recognized, the literature lacks a comprehensive measure that can be used to measure the extent of financial inclusion across economies.