The majority of disadvantaged and low-income sections of Indian society remain outside the formal financial system, and this book explores the various dimensions of their financial
exclusion and suggests remedial action for meaningful financial inclusion. Asserting that financial inclusion is indispensable to achieving long-term economic growth, this reference
provides an outline of the conceptual framework for understanding financial inclusion, as well as previous approaches and recent initiatives in India. It also proposes strategies for
realizing this goal, such as mapping the financial needs of each household, opening a deposit account for each new born child to be retained for at least 15 years until the child goes to
high school, and extending the financial services of the needy. An innovative and valuable roadmap on the topic of financial inclusion, this detailed study will appeal to development
economists, policymakers, and nongovernmental organizations.
