Study the Challenges and Opportunities of the Financial Inclusion for Sustainable Development

EasyChair Preprint 8480

Abstract

This paper aims to assess the current opportunity and challenges of financial inclusion on the development of Indian economy by analyzed the state bank group and private sector banks. The Bank growth rate in terms of number of bank branches, offsite and onsite ATM, usage of debit card and credit cards were analyzed. It was observed from the study that the usages of cards and other bank services has increased tremendously throughout the study period and banks focused more on rural and semi-urban areas, it is disheartening to note that the number of people with access to the products and services offered by the banking system continues to be very limited, even years after introduction of inclusive banking initiatives in the country,like cooperative movement, nationalization of banks,creation of regional rural banks, etc. also focuses in the challenges and opportunities.

Key Words: Bank, Opportunities, challenges, Growth, financial market and Indian economy.

Keyphrases: Bank, Challenges, Financial Market and Indian economy., Opportunities, growth

@booklet{EasyChair:8480,
  author    = {Dayakar Samidi and S Sivaraj Murugan},
  title     = {Study the Challenges and Opportunities of the Financial Inclusion for Sustainable Development},
  howpublished = {EasyChair Preprint 8480},
  year      = {EasyChair, 2022}}