A GLIMPSE INTO THE LEVEL OF FINANCIAL INCLUSION IN TRIPURA

Sayan Saha; Kiran Shankar Chakraborty

doi:10.36106/paripex/2906847

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A GLIMPSE INTO THE LEVEL OF FINANCIAL INCLUSION IN TRIPURA

SAYAN SAHA·Sayan Saha·Kiran Shankar Chakraborty

PARIPEX INDIAN JOURNAL OF RESEARCHDecember 15, 2020DOI: 10.36106/paripex/2906847

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Abstract

The term ‘Financial Inclusion’ signifies a process of ensuring delivery of financial services as well as banking services to the vulnerable groups at the point of need, adequately at an affordable cost. The concept of ‘Financial Inclusion’ was accentuated in 2003 by Kofi Annan, former General Secretary of United Nations. Such, efforts were undertaken by the Reserve Bank of India (RBI) in 2005 and the said policy as already mentioned in a pilot project was first implemented by Indian Bank. Probably, by implementing such policy resolution a vast section of the rural disadvantaged people in India was gradually coming under the ambit of formal banking services. The main aim of this paper is to assess the level of financial inclusion in Tripura based on composite Index. The study conducted in the four districts of Tripura state. The present study relies on secondary data. Secondary data collected from State Level Bankers’ Committee Reports, NEDFi databank, Economic Reviews and RBI Annual Reports. Through this paper Index of Financial Inclusion (IFI) has been used to assess the level of financial inclusion in Tripura.

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Saha, S., & Chakraborty, K. (2020). A GLIMPSE INTO THE LEVEL OF FINANCIAL INCLUSION IN TRIPURA. PARIPEX INDIAN JOURNAL OF RESEARCH. https://doi.org/10.36106/paripex/2906847

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A GLIMPSE INTO THE LEVEL OF FINANCIAL INCLUSION IN TRIPURA

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