Title: FINANCIAL INCLUSION IN INDIA: A BRIEF FOCUS ON NORTHEAST INDIA
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Title: |
FINANCIAL INCLUSION IN INDIA: A BRIEF FOCUS ON
NORTHEAST INDIA
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Author Name: |
Jyoti Bikash Chakma |
Abstract: |
Financial inclusion has emerged as a tool for the socio-economic development of the society. It has become one of the most critical aspects in the context of inclusive growth and development of a region or a country. Several countries across the globe now look at financial inclusion as the means to more comprehensive growth, wherein each citizen of the country is able to use earnings as a financial resource that can be put to work to improve future financial status and adding to the nation’s progress. The present article explores the current status of financial inclusion in India with reference to its northeastern region on the basis of facts and data provided by various secondary sources. The paper also explains the scope and challenges for financial inclusion being faced by Northeast India. The paper concludes that financial inclusion plays a major role in driving away the infrastructural gap and has enough scope for economic growth, raising living standard of people of the region.
Keywords: Financial Inclusion, India and Northeast India, Factors, Initiatives of RBI
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