A LOOK AT ON ASSESSMENT OF MONETARY INCLUSION IN INDIA

Monetary inclusion refers back to the shipping of financial offerings in a handy manner and at a low priced fee to substantial sections of deprived and occasional income organization population. Monetary inclusion is the road that India wishes to tour in the direction of turning into a worldwide player. The paper attempts to observe the evaluate of financial inclusion in India. An evaluation has been made among India and some other selected nations concerning no of branches, ATMs, bank credit score and so forth to become aware of India’s position concerning economic inclusion in comparison to other selected international locations. It additionally tries to understand the numerous strategies followed with the aid of RBI for strengthening the inclusion. The system of economic inclusion will now not be viable without the contribution of banks so the paper consists of the stairs taken through banks to strengthen monetary inclusion with the help of a case study of Axis financial institution. The paper also highlights challenges faced by means of India for strengthening economic inclusion.