Published Paper Details:

This research paper delves into the issue of inequality in access to financial services in India. Despite significant progress in financial inclusion initiatives, disparities persist across various demographic groups, thus hindering economic growth and social development. Through a comprehensive analysis of the factors contributing to this inequality, as well as an exploration of potential solutions, this paper aims to provide insights into addressing this pressing issue. For this secondary data was used in this study which was gathered from reports published by the RBI, the Ministry of Finance, the Government of India, reports on the development and trends in Indian banking. Study is Based on the analysis of unit record (household level) data from the National Sample Survey Organization (NSSO). It has been observed from the study that while a number of initiatives have been implemented to enhance outreach inside the banking industry the results have not been particularly noteworthy it was brought into light that inequality persisted among the states related to access to financial services. North eastern regions and western regions has consistently performed poorly in each dimension of the financial inclusion suggesting that the state still has a way to go before achieving greater financial inclusion also the disparity can be seen among rural and urban areas indicating that households with higher relative incomes have somewhat greater access than those with lower incomes. This paper further examined disparities by breaking down the households between gender and distinct social groups research indicates that the households headed by men are more likely to be able to obtain financial services than females also reveal that Scheduled tribe and scheduled cast households have far less access than other households particularly regarding access to credit. This paper argues that some of these specific groups require particular consideration from formal credit institutions; it is not enough to simply open bank accounts for these groups under the guise of financial inclusion; instead, one must support them in a way that makes their relationship with banks sustainable