Year: 2024 | Month: August | Volume: 11 | Issue: 8 | Pages: 575-582
DOI: https://doi.org/10.52403/ijrr.20240861
Review of Financial Inclusion in Assam
Dr. Lonibha Deka
Self Employed Dibrugarh, India.
ABSTRACT
In the words of Mahatma Gandhi, development is “Sarvodaya through Antyodaya” which implies welfare of all through the upliftment of the weakest. In India the percentage of adult bank account holders as per the World Bank Global Findex report is 35% as on 2011. Financial inclusion refers to the process of including those segments of population who remined excluded from the ambit of formal financial system. The present study gives an overview of various indicators of financial inclusion in Assam and India for the period 2014-2024. Index of Financial Inclusion (IFI) of various districts of Assam is also calculated. The depiction of the results is found to be gloomy since majority of the districts of Assam is categorized under low IFI. Structured measures for increased usage and accessibility of banking services are need of the hour.
Keywords: Financial inclusion, bank, development, Index of Financial Inclusion.
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