A Comprehensive Review of Financial Inclusion in India and the Role of Small Finance Banks as Catalysts

A Comprehensive Review of Financial Inclusion in India and the Role of Small Finance Banks as Catalysts

Registration ID: IJNRD_203397

Published ID: IJNRD2308238

DOI: Click Here to Get

CHANDER SHEKHER RIMT University - Punjab , Dr B S Bhatia RIMT University - Punjab

Keywords: Financial Inclusion, Small Finance Banks, Economy, India

Abstract The first step towards financial inclusion is considered to be being able to use a financial service; as a result, through the Universal Financial Access 2020 programme, the World Bank Group has focused on making access available to everyone. Neverthless, the availability and equality of opportunities to access financial services still need to be ensured for countries like India because financial inclusion has faced numerous challenges in India, such as illiteracy, a lack of bank branches, etc. However, small finance banks are offering lending opportunities to support the expansion of economic activity in underserved areas. Hence, in this review article, the author has illuminated the ground reality of financial inclusion in India, including the role of small finance banks as catalysts. For this review, the author has selected the previously published papers and reports after a rigorous screening process since 2018. The detailed study presented in this article will be helpful to the researchers working in the field of economic measures in India for future investigation in a similar context.

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"A Comprehensive Review of Financial Inclusion in India and the Role of Small Finance Banks as Catalysts", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.8, Issue 8, page no.c277-c287, August-2023, Available :https://ijnrd.org/papers/IJNRD2308238.pdf

Volume 8 Issue 8, August-2023

Pages : c277-c287

Paper Reg. ID: IJNRD_203397

Published Paper Id: IJNRD2308238

Downloads: 000121221

Research Area: Management

Country: PANCHKULA, HARYANA, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2308238.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2308238

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

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This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

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