Financial Inclusion Of The Jammu And Kashmir State Essay

Financial inclusion, principally when endorsed in the wider framework of economic inclusion, it has an ability to uplift financial conditions and improve the standards of lives of the poor and the underprivileged. Financial inclusion has been successful in other countries India is also trying this for all time to achieve this goal. Access to affordable financial services would lead to increasing economic actions and employment opportunities for rural households with a possible multiplier effect on the financial system. Financial inclusion could enable a higher disposable income in the hands of rural households leading to greater savings and a wider deposit base for banks and other financial institutions. So i thought it would be better to study financial inclusion (PRADHAN MANTRI JAN-DHAN YOJANA) how it would help the people and economy as a whole. 1.1.4 OBJECTIVES OF THE STUDY To briefly study and examine financial poverty in India. To study and analyze recent standing of Financial Inclusion in the Jammu and Kashmir State. To assess latest scheme under financial inclusion ( Pradhan Mantri Jan Dhan Yojana) To see how it is helpful for the society. To see how many accounts have been covered under pmjdy. 1.1.5 SCOPE OF THE STUDY To study and analyze financial inclusion practices which are carried by Jammu and Kashmir bank. 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