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A critical approach to expanding the Financial Services Access for the Poor

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  • Pankaj Kumar Baag

    (Indian Institute of Management Kozhikode)

Abstract

We critically look at the factors of expanding financial services access for the poor in terms of measure, impact, policies, barriers and promotion along with actions taken in the Indian context in the past and the present. We suggest that the corrective actions to be taken in the future should be more dynamic with respect to market development along the path to an inclusive digital financial system tailor made to our interventions based around four initiatives: continuous new payment system with right scale and size; regular financial services at right scale and size; continuous new partnership with new differential players; and research and Innovation.

Suggested Citation

  • Pankaj Kumar Baag, 2017. "A critical approach to expanding the Financial Services Access for the Poor," Working papers 234, Indian Institute of Management Kozhikode.
  • Handle: RePEc:iik:wpaper:234
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    File URL: https://iimk.ac.in/websiteadmin/FacultyPublications/Working%20Papers/234abs.pdf?t=29
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    Cited by:

    1. Anirban Pal & Piyush Kumar Singh, 2021. "Do socially motivated self‐help groups perform better? Exploring determinants of micro‐credit groups’ performance in Eastern India," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 92(1), pages 119-146, March.

    More about this item

    Keywords

    Financial Inclusion; Innovation; Principle and Policies; Financial Intermediaries; Regulations;
    All these keywords.

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