Financial Inclusion -Strategies and Regulations

Abstract

Full financial inclusion is a state in which all people who can use them have access to a full suite of quality financial services, provided at affordable prices, in a convenient manner and with dignity for the clients. Financial services are delivered by a range of providers, most of them private, and reach everyone who can use them, including disabled, poor, rural, and other excluded populations. This paper focuses on various aspects of financial inclusion in India, UK and US in conjunction with an analysis of its outcome in India, the factors influencing it and the remedies for financial exclusion in India with a view to exposing and enriching the existing strategies and regulations with appropriate proportions.