The Banking Channel of Financial Inclusion:Credit Where Credit’s Due

Gupta, Gaurav (2023) The Banking Channel of Financial Inclusion:Credit Where Credit’s Due. INCLUSIVE FINANCE INDIA REPORT 2023. pp. 13-30.

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Financial inclusion is not a new policy measure that the government has suddenly embraced in recent years. Rather it has been a key component of the inclusive growth objectives of the Indian State for decades. Given that the poor suffer from multiple and varying levels of deprivation, a single channel to include the excluded in the formal financial system does not work in a country as vast and diverse as India. Three main channels or models are in operation in the country, led by the banks, microfinance institutions (MFI), and self- help groups (SHG). The focus of this chapter is on financial inclusion via the banking channel while the other two channels will be covered in detail in other chapters.

Item Type: Article
Authors: Gupta, Gaurav
Document Language:
Uncontrolled Keywords: Banking, Financial System, Government
Subjects: Social sciences > Economics
Divisions: Azim Premji University > Research Centre > Centre for Sustainable Employment
Full Text Status: Public
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