International Journal of Commerce and Management Research

Authors
Venkatalaxmi P, Dr. K Ramachandra

Abstract
Financial Inclusion means everyone should access all the financial products and services, to the maximum level which support them for effective management of their hard earn money, whatever the different level of income or social status at an affordable cost. Indian economy in general and banking services in particular, have made rapid changes and growth in the recent years in economic activities. For the purpose of high economic growth route, there should be compulsory indispensable need the participation of all sections of society However, a sizable section of the population, particularly the socially and economically backward groups, such as weaker sections and low income groups, continue to remain excluded from even the most basic opportunities and services, be it opening a savings bank account or availing a loan, provided by the financial sector. The growing literature on financial inclusion has provided plenty of evidences of the merits of an inclusive financial system. However, the literature lacks a comprehensive measure that can be used to measure the extent of financial inclusion in an economy. The present study is based on secondary data and efforts are made to explore various dimensions of financial inclusion through the government policies, JAM, DBT etc. Financial inclusion has increased in overall in India but its effectiveness is still questioned.