A STUDY OF BANK ADVANCES PRIORITY SECTOR IN SOLAPUR DISTRICT

Author Name : Dr. S. V. Shinde
Volume : II, Issue :X,June - 2017
Published on : 2017-06-30 , By : IRJI Publication

Abstract :

India has adopted a multi-pronged approach towards financial inclusion. The major financial inclusion initiatives taken were introduction of SHG-bank linkage programme, Farmers Club programme and introduction of Kisan Credit Card programme. The recent developments in the banking technology have transformed banking from the traditional brick-and mortar infrastructure like staffed branches to a system supplemented by other channels like Automated Teller Machines, Internet banking, Credit/ Debit cards, Online money transfers, etc. While these systems meet the needs of modern economy, they leave the financially excluded sections of the population untouched. This calls for a conscious attempt to build simple, user friendly and cost-effective products and services that cater to the needs of the poor and excluded sections of the society.