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ISSN 2063-5346
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Conceptual issues of Financial Inclusion and Inclusive Economic Development

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Dr. Tandraleem Kashyap
» doi: 10.31838/ecb/2023.12.si6.611

Abstract

Financial inclusion is delivery of basic banking services at an affordable cost to the vast sections of disadvantaged and low income groups of people. Essence of financial inclusion is making available a variety of financial services to every individual and enables them to understand and access these services. Microfinance institution (MFI), Self Help Group (SHG) and Non Governmental Organization (NGO) are also taking initiative steps for financial inclusion in North East Region. SHG Bank Linkage Programme launched by NABARD in India is doing very well in uplifting the economic growth and economic development in North East Region. Financial inclusion provides an opportunity to the poor to avail of the benefits of advanced economic growth both in terms of financial as well as technological support by satisfying their unique needs, which need timely and easy access to finance to fight poverty. The study is based on secondary data and aims to provide concept about inclusive growth, microfinance and its significance, objectives of micro credit, financial inclusion and economic growth

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