DIMINISHING OF SOCIAL DISORDERS THROUGH FINANCIAL INCLUSION: EVIDENCE FROM INDIA

Financial inclusion helps to ensure the monetary stability of an economy by increasing the scope of savings, investment, and consumption decisions among people from all levels, especially from rural/remote areas. For a long time, Financial inclusion has been well-established in developed nations, but still, it is a new area for developing nations i.e. in mostly Asian, African, and Latin American countries. Financial inclusion targeted the monetary benefits and it is found as a successful tool too in many cases around the globe. This paper tried to identify the non-monetary impact only, considering the evidence from Indian society. It charted the series of social factors that have been directly connected to financial inclusions and those have been changed over the years with its introduction in India. The paper had attempted to investigate all the in and out the financial inclusion based on content analysis.