Published Paper Details:

Financial inclusion has been often viewed as a strategy for socio-economic development which is to be supported by the majority of the governments of developing nations. The Indian government requires, however, that all banks commit a specific amount of their loans to their socio-economic growth in "priority" areas including agricultural, social and marginal industries. Based on secondary data, this study attempts to offer a profile of financial inclusion in Andhra Pradesh. The primary focus of the study is on the many aspects of financial inclusion in the state. Financial inclusion has been characterised as a process that improves the availability, eases access, and assures the use of fundamental financial goods and services for all segments of society. Initiatives have been taken by the Government of India and the Reserve Bank sometimes to promote financial inclusion, therefore significantly enhancing access to the formal financial institutions.