EXAMINING THE FACTORS DETERMINING FINANCIAL INCLUSION: A CASE STUDY OF JAMMU AND KASHMIR

Abstract

Financial inclusion is a means affordable financial service which is easily accessible. Many initiatives have been taken by government of India in this regard to provide easy and formal banking services to the population. Measuring financial inclusion becomes important to know the progress of initiatives taken till now. Measuring financial inclusion is a tedious task as it involves identifying the factors that affect financial inclusion. World Bank has majorly defined access, quality and usage as broad indicators of financial inclusion. This paper tries to identify the factors beyond these defined factors that that actually defies financial inclusion.

Keywords: Financial Inclusion, Financial exclusion, Index of Financial Inclusion, Banking