Financial Inclusion in Tourism and Sustainable Development of Ancillary Industries

Financial inclusion growth is possible when there is people oriented policies and programmes initiated by the government. Though India is one of the fastest growing economies, unfair distribution of resources resulted in unequal growth. Service sectors in Karnataka require a big push toward inclusive growth. To procreate and mobilize resources, financial inclusion is necessary. Financial inclusion in the major service sectors like tourism industry boosts the economic growth. Financial inclusion is a key element to eradicate poverty and to meet the goal of sustainable growth and economic development. The present paper focuses on the need of financial inclusion for the sustainable growth and development of tourism sector in Karnataka.