Financial inclusion in Indian Perspective.

Financial inclusion through banking system from top to bottom of the society has become the objective of the Governments of the world. The present paper makes an attempt to understand the concept of financial inclusion with the world and Indian scenario. The paper also discusses the initiatives of financial inclusion taken in India and the issues which remain as challenging in the way of financial inclusion. India is home to a big young unskilled population, 179.6 million people live below poverty line in India among which most of them reside either in urban slums or rural areas. Direct benefit transfer could control corruption up to certain extent but without proper training of employment generation and skill enhancement the credit facility to people will become a burden on both banks and individuals.