Financial Inclusion and Micro Financing in India

Authors

  • Subhash Chandra Das Former Director (Finance), HPC Ltd. Kolkata

DOI:

https://doi.org/10.33516/maj.v56i4.81-83p

Abstract

Since more than 52 years have elapsed from the time the commercial banks were nationalised in India, almost 50% of the adult population has no access to formal banking and financial services till date. Either the individuals do not have any savings or assets, or have no bank accounts or any financial advice or cannot afford to pay for such advice. This article focuses on various aspects of financial inclusions, followed by micro financing as an alternative delivery mechanism to meet the necessities of these population.

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Published

2021-04-30

How to Cite

Das, S. C. (2021). Financial Inclusion and Micro Financing in India. The Management Accountant Journal, 56(4), 81–83. https://doi.org/10.33516/maj.v56i4.81-83p

Issue

Volume 56, Issue 4, April 2021

Section

Financial Inclusion
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