There is not much debate that the financial system has a considerable impact on access to banking services. A robust banking system that covers both urban and rural regions is critical for enabling commerce, increasing savings rates, and speeding economic development. India’s progress towards financial inclusion was accelerated first by the nationalization of the Life Insurance Corporation of India in late 1956.

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Financial Inclusion: Trends and Progress

  • Shantanu Ghosh,
  • Tarak Nath Sahu,
  • Girijasankar Mallik

摘要

There is not much debate that the financial system has a considerable impact on access to banking services. A robust banking system that covers both urban and rural regions is critical for enabling commerce, increasing savings rates, and speeding economic development. India’s progress towards financial inclusion was accelerated first by the nationalization of the Life Insurance Corporation of India in late 1956.