2025, Vol. 6, Issue 2, Part F
Financial inclusion in India: A theoretical assessment
Author(s): Amitesh Priya
Abstract: Financial inclusion refers to the process of ensuring access to affordable financial products and services such as savings, credit, insurance, and payment systems to all sections of society, particularly the underprivileged and marginalized. In India, it is recognized as a critical driver for economic growth, poverty reduction, and social equity. This theoretical assessment examines the concept, dimensions, and significance of financial inclusion within the Indian context, focusing on its role in fostering inclusive economic development. The study explores the institutional and policy frameworks implemented by the Government of India and the Reserve Bank of India, such as the Pradhan Mantri Jan Dhan Yojana (PMJDY), Business Correspondent Model, and digital banking initiatives. It also highlights the challenges, including low financial literacy, inadequate infrastructure, and socio-economic disparities, which hinder the achievement of full inclusion. By synthesizing theoretical perspectives and policy measures, the paper underscores that sustainable financial inclusion in India requires a multidimensional approach involving policy reform, technological innovation, and grassroots awareness. This assessment serves as a foundation for further empirical studies aimed at evaluating the real-world impact of financial inclusion initiatives on socio-economic well-being.
Pages: 520-523 | Views: 407 | Downloads: 131
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How to cite this article:
Amitesh Priya. Financial inclusion in India: A theoretical assessment. Asian J Manage Commerce 2025;6(2):520-523.
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