A study of the Status and Prospects of Financial Inclusion in Madhya Prade

Abstract

Financial inclusion is the process of ensuring access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections and low income groups at an affordable cost. There is a growing divide, with an increased range of personal finance options for a segment of high and upper middle income population and a significantly large section of the population which lacks access even to the most basic banking services. Despite the laudable achievements in the field of banking, the issues such as slow progress in increasing the share of institutional credit.