Financial Inclusion: A Step towards Eradicate Poverty
American Journal of Theoretical and Applied Business
Volume 1, Issue 1, June 2015, Pages: 21-26
Received: Apr. 25, 2015; Accepted: May 25, 2015; Published: May 26, 2015
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Author
Sarojit Mondal, Asansol Postal Divisional Office, Asansol, West Bengal, India
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Abstract
This study seeks to search out the relationship between Financial Inclusion & Poverty and how Financial Inclusion can help to reduce poverty in India. For this study, data have been collected from secondary sources and simple average methods have been applied. Result shows Financial Inclusion to be offering incremental and complementary solutions to tackle poverty which can promote the inclusive development. This study finds that since 2005 i.e., after launching of Financial Inclusion in India, the rate of poverty had been declining at 3 fold rate.
Keywords
Financial Inclusion, Poverty Eradication, Social Inclusion, Economic Development
To cite this article
Sarojit Mondal, Financial Inclusion: A Step towards Eradicate Poverty, American Journal of Theoretical and Applied Business. Vol. 1, No. 1, 2015, pp. 21-26. doi: 10.11648/j.ajtab.20150101.14
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