IDEAS home Printed from
   My bibliography  Save this paper

Financial Inclusion Strategies For Inclusive Growth In India


  • Sarath Chandran, B.P.
  • Manju, T.K.


The two decades of post reform period in India witnessed transformation of the economy in to a higher growth plane signaling the arrival of the country in the global stage. But this robust growth failed to translate the economic well being of the large number of marginalized and excluded sections due to structural rigidities. For economic growth of a nation to be sustainable, it requires all sections of the society included and participates in the growth process. One of the many alternative strategies available for Inclusive Growth is through developing an Inclusive Financial System. Financial inclusion is useful to facilitate economic transaction, manage day today resources, improve quality of life, protect against vulnerability, make productivity enhancing investments and leverage assets. But the indicators of financial use in the country are very poor and there is wide inequality among different sections of the society, between rural and urban areas and between geographical areas. In this context, the paper builds the case for developing inclusive financial system for achieving inclusive economic growth in India. The rationale for inclusive financial system, taking banking services to the vulnerable sections, role of micro finance institutions in spreading financial literacy and the role of technology in taking financial services available & affordable to the poor are discussed in the paper.

Suggested Citation

  • Sarath Chandran, B.P. & Manju, T.K., 2010. "Financial Inclusion Strategies For Inclusive Growth In India," MPRA Paper 33569, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:33569

    Download full text from publisher

    File URL:
    File Function: original version
    Download Restriction: no

    References listed on IDEAS

    1. Demirgüç-Kunt, A. & Beck, T.H.L. & Honohan, P., 2008. "Finance for all? : Policies and pitfalls in expanding access," Other publications TiSEM aec73d3a-d6eb-457f-9182-3, Tilburg University, School of Economics and Management.
    Full references (including those not matched with items on IDEAS)

    More about this item


    Financial Inclusion; Inclusive Growth; India;

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G00 - Financial Economics - - General - - - General
    • G20 - Financial Economics - - Financial Institutions and Services - - - General


    Access and download statistics


    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:33569. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Joachim Winter). General contact details of provider: .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.