Published Paper Details:

Introduction Financial inclusion means availability of financial services in the unbanked area where people are depressed and deprived of banking services and facilities. So the basic aim of financial inclusion is to extend financial services to the large hitherto un-served population. RBI has initiated several measure to achieve greater Financial Inclusion such as facilitating no-frill accounts, relaxation on KYC norms, engaging Business Facilitators (BFs) and Business Correspondents (BCs), use of technology, adoption on EBT, GCC, opening of branches in unbanked rural centre etc. The paper highlights the proper progress and benefit assessment in the tribal areas. Against this background, the article concentrates here four objectives 1. To explore the need of financial inclusion for the economic and social development in the backward areas. 2. To analyse various schemes adopted by the government for benefit of all strata of the society including tribals to achieve financial inclusion. 3. To know the nature and extent of financial inclusion implemented in India. 4. To assess the current financial inclusion status in the backward tribal area. The methodology here is analytical and descriptive, which is based on primary and secondary data. To provide financial services to the housesholds and enterprises to make them bankable including savings, short and long term credit, leasing and factoring,mortgages, insurance, pensions, payments local money transfers and international remittances. For economic development equitable growth in the society will achieve through reduction of disparities in terms of income and saving. It is found from the observation that financial inclusion reached to the door steps to the tribal people after 2012 but initiative to invest in different sector is not seen due to illiteracy, unavailability of financial instituition, lack of coordination among the people and financial institution etc. Apart from formal banking system, Financial Inclusion looks both business opportunity and social responsibility. Financial Inclusion Improves the SHG groups and micro-financial institutions.