Inclusive growth
India is a country having world second largest population. still, only 50 to 60 % population avail the facilities of banking . The excluded population includes underprivileged class, people under BPL etc. with the concept of financial inclusive growth, banks can provide services to them in terms of lending, financing loans, credit schemes etc. This helps in reducing the number of persons below poverty line. It also helps in locating the areas where developments is required. In developed economies, financial inclusion includes small population. whether in india, it includes large excluded populations. It helps in overall growth of the society. It helps in terms of social growth, political awareness and economic growth also. The initiatives taken by rbi regarding financial inclusion is reaally praiseworthy.