EMPOWERING THE UNBANKED: THE JOURNEY OF FINANCIAL INCLUSION IN INDIA

Abstract

Financial inclusion plays a critical role in driving economic growth, reducing poverty, and empowering marginalized communities. In India, a significant portion of the population has historically remained unbanked, limiting access to essential financial services. The study highlights the journey of inclusion financial initiatives to support the unbanked community. It also investigates the key challenges of financial inclusion. The research is carried on a thorough literature, government reports and interactions with some of the underserved community. This study has identified limited access to financial services, insufficient financial education and literacy, cultural barriers and trust are key issues. Study would prove recommendations and roadmap to empower its unbanked population, foster entrepreneurship, improve social welfare, and drive sustainable development.