Regional Rural Banks (RRBs) and Financial Inclusion

Abstract

The Term 'financial Inclusion' Means Availability Of Banking Services At An Affordable Cost To Disadvantaged And Low-income Groups. The Banking And Financial Services Include Savings, Deposits, Borrowing, Payment And Remittance Facilities. Financial Inclusion Is Delivery Of Financial Services At An Affordable Cost To The Vast Sections Of The Disadvantaged And Low-income Groups, Providing Them With Timely And Adequate Access To The Financial Products, Services Like Bank Accounts, Savings Products, Remittances & Payment Services, Insurance, Advisory Services, Entrepreneurial And Micro Credit, Micro Finance. Financial Inclusion Has Become One Of The Most Critical Aspects In The Context Of Inclusive Growth And Sustainable Development In The Developing Countries Like India.