Financial Inclusion by Channelizing Existing Resources in India

Abstract:     
In this article, we propose a framework that studies financial inclusion by channelizing existing recourses. Financial inclusion means access to easy, safe and affordable credit and other financial services to socially and economically weaker sections. Our main conclusions are that (i) use of technology in the banking system is the most feasible solution for achieving financial inclusion, and (ii) the implementation of technology should follow a top down approach. The article has various interesting policy as well as regulatory suggestions.

Number of Pages in PDF File: 7

Keywords: financial inclusion, network economics, technology

Accepted Paper Series