Social Banking and Financial Inclusion- Extent of Interlocking

Abstract

Through this paper we are trying to understand the extent of inter-locking between social banking and financial inclusion in our country. Access and availability of finance is an important component of bolstering the socio-economic development of a country and its people. A developed financial set up will always result in financial stability with favourable implications for economic performance. Access to finance and financial stability is thus the key to economic growth. In the context of wide regional disparities emerging in the process of development, the banks have an additional responsibility in India.