CHALLENGES OF FINANCIAL INCLUSION-A STUDY WITH REFERENCE TO RURAL AREAS OF TAMIL NADU IN INDIA
Keywords:Financial Inclusion, credit penetration, Branch penetration, Deposit Penetration,
Financial inclusion has become an important field of study because of economic inequalities existing in society. This, of course, has several reasons such as illiteracy and cultural factors. For example, in a male dominated society where there are other divides (caste, religion, place of residence (urban/rural) particularly among the poor people much available money is spent on alcohol. This is a serious problem. Then there is natural calamity which affects all of humanity. Then there is the farm sector where the labourers are poorly paid and suicide of farmers across India is common news. Central/ state funding for calamity are also issues that indirectly impact financial inclusion. Financial inclusion is not all about expanding credit facility to all segments of society. It requires a holistic approach and hence a more historical perspective and not in the manner of an arm chair critic look to critically at events.