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Financial Inclusion: Status, Issues, Challenges and Policy in Northeastern Region

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  • Anand Singh Kodan
  • Narander Kumar Garg
  • Sandeep Kaidan

Abstract

Rangarajan Committee (2008) defined financial inclusion as the process of ensuring access to financial services and timely and adequate credit needed by the vulnerable groups, such as the weaker sections and low-income groups, at an affordable cost. This paper makes an exhaustive examination of the status of financial inclusion in the seven northeastern states of India. This is followed by an analysis of the financial inclusion policy adopted by RBI. The paper provides indications and implications on future course of action that can be initiated by the apex bank of the country.

Suggested Citation

  • Anand Singh Kodan & Narander Kumar Garg & Sandeep Kaidan, 2011. "Financial Inclusion: Status, Issues, Challenges and Policy in Northeastern Region," The IUP Journal of Financial Economics, IUP Publications, vol. 0(2), pages 27-40, June.
    • Handle: RePEc:icf:icfjfe:v:09:y:2011:i:2:p:27-40
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