PERCEPTION AND EXPERIENCE OF BSBDA HOLDERS TOWARDS FINANCIAL INCLUSION IN VIRUDHUNAGAR DISTRICT

Rural Development

Indian economy in general and banking services in particular have made rapid strides in the recent past. However, a sizable section of the population, particularly the vulnerable groups, such as weaker sections and low income groups, continue to remain excluded from even the most basic opportunities and services provided by the financial sector. Despite financial inclusion being high on agenda of the Government, and despite persistent policy initiatives and endeavors of the RBI since 2004, comprehensive and total financial inclusion is still a far cry. It is possible if all government payments are routed through the banking channel. A step ahead will be to remunerate banks appropriately for routing these transactions through the banking channel.

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