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FOSTERING INCLUSIVE PROSPERITY: FINANCIAL INCLUSION INITIATIVES DRIVING GROWTH IN INDIA

Dr. Rahul Thampy , Associate Professor Dept. of Commerce & Management Vidya Vikas Institute of Engineering and Technology, Mysore, Karnataka, India

Abstract

This paper examines the pivotal role of financial inclusion initiatives in driving inclusive prosperity and fostering economic growth in India. With a focus on expanding access to financial services and resources to marginalized populations, such initiatives have emerged as catalysts for social and economic empowerment. Through a comprehensive analysis of key financial inclusion strategies and their impact on various sectors of the economy, this study sheds light on the transformative potential of inclusive finance. By promoting financial literacy, leveraging technology, and fostering partnerships among stakeholders, financial inclusion initiatives contribute to reducing poverty, promoting entrepreneurship, and enhancing overall economic resilience. The findings underscore the importance of sustained efforts to advance financial inclusion as a cornerstone of inclusive development strategies in India.

Keywords

Financial inclusion, inclusive prosperity, economic growth

References

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FOSTERING INCLUSIVE PROSPERITY: FINANCIAL INCLUSION INITIATIVES DRIVING GROWTH IN INDIA. (2024). International Journal of Business and Management Sciences, 4(04), 01-04. https://www.academicpublishers.org/journals/index.php/ijbms/article/view/270