Local cover image
Local cover image
Image from Google Jackets

Role of banks in ensuring financial inclusion

By: Contributor(s): Publication details: Kolkata CMA Kaushik Banerjee 2022Edition: Vol.57(12), DecDescription: 80-83PSubject(s): Online resources: In: Management and accountant journalSummary: Financial inclusion is the method of guaranteeing access to financial services and timely and adequate credit for vulnerable groups such as weaker section, low income people. In contrast to traditional banking and financial services, it has adopted new generation banking systems and online financial transactions for client satisfaction; financial inclusion provides financial products and solutions economically at the door step of the clients quickly. It is seen that over 40 per cent of the population now utilises financial inclusion to have access to financial services and timely and adequate credit for vulnerable groups. Economically weaker communities face challenges like irregular job, inadequate resources, unemployment, lack of education, paucity of identity proof and because of this condition of bank procedure, many people are deprived from accessing bank facilities and hold abundant cash at home or investment in some private schemes.
Tags from this library: No tags from this library for this title. Log in to add tags.
Star ratings
    Average rating: 0.0 (0 votes)
Holdings
Item type Current library Status Barcode
Articles Abstract Database Articles Abstract Database School of Engineering & Technology (PG) Archieval Section Not for loan 2023-1464
Total holds: 0

Financial inclusion is the method of guaranteeing access to financial services and timely and adequate credit for vulnerable groups such as weaker section, low income people. In contrast to traditional banking and financial services, it has adopted new generation banking systems and online financial transactions for client satisfaction; financial inclusion provides financial products and solutions economically at the door step of the clients quickly. It is seen that over 40 per cent of the population now utilises financial inclusion to have access to financial services and timely and adequate credit for vulnerable groups. Economically weaker communities face challenges like irregular job, inadequate resources, unemployment, lack of education, paucity of identity proof and because of this condition of bank procedure, many people are deprived from accessing bank facilities and hold abundant cash at home or investment in some private schemes.

There are no comments on this title.

to post a comment.

Click on an image to view it in the image viewer

Local cover image
Share
Unique Visitors hit counter Total Page Views free counter
Implemented and Maintained by AIKTC-KRRC (Central Library).
For any Suggestions/Query Contact to library or Email: librarian@aiktc.ac.in | Ph:+91 22 27481247
Website/OPAC best viewed in Mozilla Browser in 1366X768 Resolution.