---

Role and challenge of rural banks in the financial inclusive growth of India

---

Original Article

Author Details : N. Karunakaran*

Volume : 7, Issue : 3, Year : 2020

Article Page : 104-106

https://doi.org/10.18231/j.jmra.2020.024

Suggest article by email

Get Permission

---

Abstract

Financial inclusion is delivery of banking services at a cheaper cost to the vast sections of under privileged and low income groups. An inclusive financial system can help in reducing the growth of informal sources of credit such as money lenders, which are often found to be exploitative. The performance of the Indian economy is one of the strongest drivers for the banking industry’s growth and vice versa. This represents a massive opening that financial institutions in the country can leverage upon for future growth.

Keyword: Financial inclusion, Financial institution, Informal source of credit.

How to cite : Karunakaran N , Role and challenge of rural banks in the financial inclusive growth of India. J Manag Res Anal 2020;7(3):104-106

This is an Open Access (OA) journal, and articles are distributed under the terms of the Creative Commons Attribution-NonCommercial-ShareAlike 4.0 License, which allows others to remix, tweak, and build upon the work non-commercially, as long as appropriate credit is given and the new creations are licensed under the identical terms.