FINANCIAL INCLUSION PLANS (FIPs) – Growing Roots in the light of ‘good governance’ of RBI
Journal Title: International Journal of Management, IT and Engineering - Year 2012, Vol 2, Issue 8
Abstract
This study is an effort to investigate the status of financial inclusion in India. This paper is the clear demonstration on financial Inclusion‟s role in the growth of Indian financial/banking sector progress. Mobilization and circulation of funds/finance is the primary requirement of development of an economy. Especially, in case of Indian economy it becomes more essential because India is a developing country, growth in the banking and financial services can put India into a fast globalize growing path of success and development. Financial inclusion is becoming the „the growing roots‟ in Indian banking with providing economic as well as easier banking and financial services to poor and slum peoples of the economy. RBI and other reputed government institutions like as NABARD, SIDBI, etc are also playing very dominant role for the successful implementation of this system. This paper is a clear picture regarding the status of financial inclusion in India. This paper covers RBI efforts, financial inclusion‟s position in different states of India and performance of various Indian banks for the on the basis of comparison of their actual achieved targets with their given targets. This study is mainly based on the secondary data and descriptive in nature, the data for the study is collected from the website of ministry of finance and little information also from RBI‟s website. The collected data shall be studied with the help of graphical method and suitable statistical tool. This paper also contains of the movements of RBI as governance of the FIPs.
Authors and Affiliations
Pawan Sharma and Richa Tuli
Keywords
Related Articles
- EP ID EP18540
- DOI -
- Views 323
- Downloads 9
slugIntegration of Network Technology MPLS based VPN: A model for establishing Virtual learning facility for multiple locations
Multi Protocol Label Switching (MPLS) is a mechanism in high-performance telecommunications networks that directs voice, video and data on the internet from one network node to the next based on short path labels rathe...
M-COMMERCE: SECURITY CHALLENGES ISSUES AND RECOMMENDED SECURE PAYMENT METHOD
As mobile technologies and services are in stable development, many wonder on whether or not mobile payments will be a destroyer function for mobile commerce. To have an improved considerate of the market, presently th...
Internet Experience & Trust helps in positive attitude towards Internet Banking
Internet banking being customer effective facilitates anytime, anywhere banking helps in expansion of customer base and geographical reach. It adds to choice of customers to use multiple channels of banking depending o...
Exploring the Decision-Making Attributes of Vacation Planning
The decision-making process of individuals travelling to various places for a vacation is a complex area of research that has received little academic attention. Our Business Research paper investigates the decision-m...
slugCONTROLLING THE MENACE OF UNSOLICITED ELECTRONIC MAILS – CONTEMPORARY DEVELOPMENTS AND INDIAN PERSPECTIVES
The tremendous growth of the Internet as a vehicle of communication in the 1990s to its transformation to a tool with incredible potential has meant that the marketing nuisances of the physical world have also transfer...