FINANCIAL INCLUSION OF UNDERPRIVILEDGED –A STUDY OF SOLAPUR DISTRICT

Author Name : Dr. S. V. Shinde
Volume : II, Issue :XI,July - 2017
Published on : 2017-07-04 , By : IRJI Publication

Abstract :

A sizeable majority of the population, particularly the low income groups, continue to remain excluded from the opportunities and services provided by the financial sector. India has adopted a multi-layer 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. 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.