Research Scholar, Vgsom, IIT Kharagpur, West Bengal-721302, India
Online published on 6 September, 2012.
Financial Inclusion is delivering banking facilities and financial services to the Micro, Small and Medium Enterprises in a transparent and equitable manner at affordable cost. The Financial Inclusion provides business opportunities for the Micro, Small and Medium Enterprises directly and indirectly to the bottom of the pyramid. Technology and tailor made product in insurance, pension and non-frill bank account will bring the Micro, Small and Medium Enterprises into the mainstream, so that sustained growth can be achieved. With the intention of the welfare of all these Micro, Small and Medium Enterprises, two aspects of financial services are highly important, first; financial options viz. banks, insurance companies and Stock market and second, easy accessibility to such financial options for all stack holders. The author`s aimed to bring out the marriage between Financial Inclusion and Micro, Small and Medium Enterprises in delivering value to the society. Data is collected form secondary sources and analyzed to the role of Micro, Small and Medium Enterprises to bring the under-privileged into the mainstream, so that the goal of inclusive growth is achieved.
Bottom of Pyramid, Financial Inclusion, Micro small & Medium Enterprises, Stock Market