Towards Financial Inclusion in India

Download or read book Towards Financial Inclusion in India written by K. G. Karmakar and published by SAGE Publications Pvt. Limited. This book was released on 2011-09-08 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Towards Financial Inclusion in India provides an in-depth analysis of the various pillars of financial inclusion such as micro-remittance, micro-savings, micro-credit, and micro-insurance. The book stresses on financial literacy and counseling, which are core to the achievement of financial inclusion. The authors dwell upon the difficulties faced by vulnerable groups like women, tribals, weavers, and rural populace while trying to access financial services. The book also analyzes inclusion measures like ICT interventions, post office model, and payment mechanisms. Striking a balance between pragmatic policy-making and a genuine social security mechanism, the book emphasizes that financial services should be cost-effective and easily affordable to the vast majority of disadvantaged and low-income groups.