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Financial Inclusion Initiatives Taken by Government of India

The aim of this research paper is to highlight regarding the abstract aspects of economic inclusion, indicate the explanations for money exclusion, and feature the measures taken by Reserve Bank of India for advancing money inclusion and also the act of banks toward financial inclusion. This study is predicated on secondary information collected from completely different publications, journals, and news paper and websites. Government of India and various private and public sector banks has taken numerous initiatives like gap of essential accounts, relaxation on know-your client norms, participating business correspondents for promoting money inclusion. The study concludes by stating that with joint effort of all the stakeholders we can improve financial literacy scenario in India.