Please enter verification code
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
Views 3354      Downloads 309
Sarojit Mondal, Asansol Postal Divisional Office, Asansol, West Bengal, India
Article Tools
Follow on us
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.
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
Alexandre Claire, Eisenhart Lynn Chang (2013). Mobile Money as an Engine of Financial Inclusion and lynchpin of Financial Integrity, Washington Journal of Law, Technology & Arts, Volume 8, Issue 3 Mobile Money Symposium2013, pp 286-302.
Annual Report 2012-13, Ministry of Rural Development, Government of India:…/annual-report/MoRDEnglish_AR2012 -13.pdf
Avais Mohhamed (2014). Financial Inclusion and poverty Reduction, International Journal of Scientific and Research publications, Volume 4, Issue 1, January 2014, pp 1-4.
Chibba Michel (2009). Financial Inclusion, Poverty Reduction and Millennium Development Goals, European Journal of Development Research, taken online from 21-230, doi: 10.1057/ejdr.2008.17.
Hameedu M. Shahul (2014). Financial Inclusion –Issues in Measurement and Analysis, International Journal of Current Research and Academic Review, Volume 2, Number 2 Pp116-124.
Memdani Laila & Rajyalakshmi K. (2013). Financial Inclusion in India, International Journal of Applied Research and studies, Volume 2, Issue 8, Aug 2013, pp 1-10.
Mershall J. Neill (2004). Financial Institutions in Disadvantaged Areas: A Comparative Analysis of Policies Encouraging Financial Inclusion in Britain and the United States, Journal of Environment and Planning A 2004, Volume 36, Pages 241-261.
Pal Rama and Pal Rupayan (WP 2012-13), Income Related Inequality in Financial Inclusion and Role of Banks: Evidence of Financial Exclusion in India; taken online from http//
Shankar Savita (2013). Financial Inclusion in India: Do Microfinance Institutions Address Access Barriers?, ACRN Journal of Entrepreneurship Perspective, Vol. 2, Issue 1, pp 60-74.
Sharkel Joydev (2012), Twelfth Five Year Plan: Background and Future Prospects, Bengani Jojana, Issue January-2012, Page 5-8.
Sharma Anupama & Kukraja Sumita (2013). An Analytical Study: Relevance of Financial Inclusion for Developing Nations, International Journal of Engineering and Science, Volume 2, Issue 6, Pp 15-20.
Singh Anurag B. and Tandon Priyanka (2013). Financial Inclusion in India: An Analysis, International Journal of Marketing, Financial Services & Management Research, Volume- I, No. 6, Page 41-54.
Thaper Ashima (2013). A study on the Effectiveness of the Financial Inclusion Progress in India, VSRD International Journal of Business and Management Research, Vol.3, No.6, June 2013, pp 211-216.
Science Publishing Group
1 Rockefeller Plaza,
10th and 11th Floors,
New York, NY 10020
Tel: (001)347-983-5186