Financial Inclusion Initiatives in India and its Contribution towards Banking Sector Reform

Authors

  •   U. Divya Adarsh Institute of Management & Information Technology, Research Scholar Mysore university, Bengaluru
  •   Noor Firdoos Jahan Marketing Department, RV Institute of Management, Bengaluru

DOI:

https://doi.org/10.21095/ajmr/2017/v0/i0/122450

Keywords:

Banking Reforms, Financial Inclusion, Technology, Economy, Banks.

Abstract

Banking sector plays a vital role the development of any economy. There were LPG ushered in drastic changes in Indian economy in the year 1991. At the same time Indian banking sector was plagued with many problems. To bring Reforms in the Banking sector Narasimham committee was formulated. Narasimham committee Recommendations were far-fetched and far-ahead of their times. Financial inclusion initiatives have a history of more than fifty years. Measures towards Financial inclusion in India started before the introduction of Banking Reforms. Financial inclusion initiatives like Nationalisation of banks, Self-help group model,Kissan credit cards and General credit cards, Bankmitr, Swabimaan campign, Pradhanmantri Jandhanyojana etc contributed tremendously not only towards financial inclusion but also towards the banking sector reforms in India. This paper tries give a bird eye view towards the contribution of Financial inclusion measures towards Banking sector Reforms.

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Published

2017-12-01

How to Cite

Divya, U., & Jahan, N. F. (2017). Financial Inclusion Initiatives in India and its Contribution towards Banking Sector Reform. Adarsh Journal of Management Research, 200–205. https://doi.org/10.21095/ajmr/2017/v0/i0/122450

Issue

National Conference Proceeding 2017

Section

Articles
Crossref
Scopus
Google Scholar
Europe PMC

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