INCLUSIVE GROWTH AND SERVICE SECTOR WITH SPECIAL REFERENCE TO BANKING INDUSTRY IN INDIA


Article PDF :

Veiw Full Text PDF

Article type :

Original Article

Author :

HITHA K ABRAHAM Associate, State Bank of India

Volume :

4

Issue :

6

Abstract :

Financial sector act as a facilitator and multiplier for overall economic stability and growth of a nation. Financial inclusion has been identified as a priority sector by the government towards achieving the goal of inclusive growth. It is one area that can service the whole economy. India being a fastest growing nation, it is very vital to ensure that every section of the county grows together with its society. The banking sector has already set its route map in guaranteeing financial inclusion in every part of the country. Lot many programs and schemes have been introduced towards achieving this goal this paper studies the main changes that have taken place in the banking sector over the last few decades, towards ensuring inclusive growth in the country. This paper also checks the signature schemes and policies of the government which has a significant impact on the economy. Also, an analysis of the areas that still need to be tackled of is made in the paper

Keyword :

financial inclusion, RBI, financial services.

Doi :

2015
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