Financial Inclusion Strategies: Progress in Dakshina Kannada District

Indian economy has travelled a long path of economic development but the aftermaths show that benefits pertaining to this have hardly reached 50 % of the Indian population mainly because of no access to loan and insurance. These factors necessitate the urgent need for financial inclusion. Financial inclusion revolves around deposit mobilization and credit intermediation to a wider section of population and is considered to be an integral part of inclusive growth process and sustainable development. Financial inclusion is believed to bring in socio economic impact on the lives of the vulnerable. Banks play a major role in providing various financial services. Irrespective of various supply side issues, in the recent past financial inclusion progress has been remarkable. Therefore this paper evaluates the strategies adopted in Dakshina Kannada District and the Progress of these strategies.