Vol. 3, Issue 1 (2016)
Survival and growth strategy for financial inclusion in India: A diagnostic study with special reference to financial literacy
Author(s): Mr. Nikhil Yadav, Dr. Ravindra Tripathi, Dr. Rajesh Kumar Shastri
Abstract: In current era of socio-economic development financial inclusion is one of important ingredients. In socio –economic development transparency, timely delivery of financial resources to ultimate beneficiaries is a challenge. Through banking services it is possible to deliver properly to ultimate beneficiaries direct transfer benefit (DBT) is one the example of the proper delivery of financial resources of welfare policies. But wide coverage of financial inclusion and self desire to use of financial services to each strata of population cannot possible without awareness and knowledge of different pros and cons of financial services. Awareness of financial services could be improve through by focus on financial literacy Because financial literacy play role as key deriver for financial inclusion. This paper aim is highlight different aspects of financial literacy, Suggest different strategy to achieve mile stone in financial literacy and discuss how financial literacy could contribute to better survival and growth of financial inclusion.