Financial Inclusion and Economic Development

Banks are one of the most important parts of any country. Financial inclusion has become one of the most critical aspects in the context of inclusive growth and sustainable development in the developing countries like India. The banks provide institutional credit to the weaker sections of the society at concessional rate of interest. The concept of financial inclusion generate greater economic benefit to back ward people, which also makes positive contribution to rural development. The present book is a collection of selected papers presented in the UGC sponsored National Seminar conducted by Post Graduate Department of Economics, Govt. College, Chittur, Palakkad, Kerala on 12 th &13 th August 2015. It analyses the role of financial systems in India in financial inclusion process and also to assess whether financial sectors has made any progress towards ensuring broader banking services for the rural poor people in strengthening the India’s position in relation to financial inclusion. It will serve as a path finder to the researchers, students and policy makers.