- Financial inclusion through banking system from top to bottom of the
society has become the objective of the Governments of the world. The present
paper makes an attempt to understand the concept of financial inclusion with
the world and Indian scenario. The paper also discusses the initiatives of
financial inclusion taken in India and the issues which remain as challenging
in the way of financial inclusion. India is home to a big young unskilled
population, 179.6 million people live below poverty line in India among which most
of them reside either in urban slums or rural areas. Direct benefit transfer
could control corruption up to certain extent but without proper training of
employment generation and skill enhancement the credit facility to people will
become a burden on both banks and individuals. - See more at:
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