Table of Contents

2017 Month : August Volume : 3 Issue : 3 Page : 133-137

IMPACT OF INFORMAL BORROWING ON FINANCIAL INCLUSION- A STUDY OF FINANCIAL INCLUSION WITH SPECIAL REFERENCE TO MEERUT RURAL AREA.

Reema Sharma1, Dr. Prabhat Kumar Pandey2

Corresponding Author:
Reema Sharma,
#157, A, New Layal Pur Colony,
Krishna Nagar, Delhi-110057.
E-mail: reemasharma2011@gmail.com


ABSTRACT

According to economic theory, there is a direct relationship between investment and economic growth to saving rate. It is identified that financial exclusion of a vast majority shows a missed opportunity of a huge potential for economic growth. Finance and poverty are interrelated with each other. Poverty can be reduced by financial inclusion of the poor, stimulating inclusive growth. The meaning of inclusive growth is the growth with equal opportunities which focuses on both creating opportunities as well as making opportunities accessible to all. Growth is called inclusive only when all members of a society are allowed to participate in and also contribute to the growth process on an equal basis irrespective of their individual circumstances.

 

KEYWORDS

financial inclusion, financial exclusion, informal borrowing, rural area.

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