Authors:

Rajesh Khatri

Abstract:

Financial inclusion is the key factor to reducing poverty and economic growth in India. The National Bank for Agriculture and Rural Development (NABARD) plays an important role in this process by providing financial services to the people who are generally left out of the formal banking system. Through the initiatives of NABARD has successfully extended banking services to rural and remote areas making them accessible to a large number of people. However, this paper also point out some ongoing challenges that hold up full financial inclusion, such as low financial literacy, poor infrastructure and digital era. These issues make it problems for many people especially in rural areas to take full benefit of financial services. The paper suggest that continuous innovation and targeted strategies are needed to overcome these obstacles. Overall, while NABARD has made significant progress in driving financial inclusion, more efforts are necessary to achieve its goal for India’s economic development.

Keywords:

Financial Inclusion, NABARD, Role of Agencies in financial inclusion

Vol & Issue:

VOL.17, ISSUE No.1, March 2025