Financial Inclusion by Channelizing Existing Resources in India
The India Economy Review, pp. 76-82, 2009
7 Pages Posted: 24 Sep 2009
Date Written: May 24, 2009
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.
Keywords: financial inclusion, network economics, technology
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