Financial Inclusion in India: Progress and Path Ahead for Viksit Bharat 2047

Key Points

• The aim is to assess the current status of financial inclusion in India and outline a strategy for sustainable improvement by 2047.
• Analysis of financial inclusion initiatives in India such as PMJDY and digital payment systems.
• Examination of regulatory reforms by the Reserve Bank of India.
• Identification of challenges faced in achieving comprehensive financial inclusion.
• Significant progress in the adoption of digital payments and banking services among marginalized communities.
• Continued challenges in accessibility and affordability of financial services.
• A proposed roadmap for enhancing financial inclusion effectively by 2047.

Abstract