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Reaching sustainable development goals: Bringing financial inclusion to reality in India.

Authors :
Kandpal, Vinay
Source :
Journal of Public Affairs (14723891); Nov2020, Vol. 20 Issue 4, p1-10, 10p
Publication Year :
2020

Abstract

The paper critically analyzes the problems and the hurdles for the financial inclusion for the economical growth and plans to call attention to the importance of Pradhan Mantri Yojana to bring Financial Inclusion a reality. A country can develop economically and socially if its weakest section can end up being financially independent. To achieve inclusive growth, the Government of India has introduced many schemes recently and steps have been taken that the benefits of policies reach the people. The schemes include Pradhan Mantri Jeevan Jyoti Yojna, Pradhan Mantri Bima Suraksha Yojna and Pradhan Manti Atal Yojna that have already been launched. The unawareness of financial institutions in the rural, semi‐urban and hilly areas of India is worrisome. The study focuses on the secondary source of information obtained through the website of the Reserve Bank of India website and other published sources. Sustainable growth, economic development and progress of an economy can only be achieved if a country has a well‐equipped financial system. All the assets, funds and capital have to be properly channelized for attaining inclusive and sustainable development goals in the Indian economy. [ABSTRACT FROM AUTHOR]

Details

Language :
English
ISSN :
14723891
Volume :
20
Issue :
4
Database :
Complementary Index
Journal :
Journal of Public Affairs (14723891)
Publication Type :
Academic Journal
Accession number :
147050249
Full Text :
https://doi.org/10.1002/pa.2277