Advancing Financial Inclusion and Inclusive Growth in India: An impact assessment of Policy Measures


Advancing Financial Inclusion and Inclusive Growth in India: An impact assessment of Policy Measures


Kavita Laghate1, Meghna Chotaliya2

1Director,  Jamnalal Bajaj Institute of Management Studies, 164, Backbay Reclamation, H.T. Parekh Marg,Churchgate, Mumbai-400020
2Assistant Professor ,R.D. &.S. H. National College, Linking Road ,Bandra  ,Mumbai-400050


Financial Inclusion and Inclusive Growth are indispensable for the economic growth of a nation. Financial resources need to be distributed equitably to the unreached and poor sections of the society who have limited access to banking facilities. Pradhan Mantri Jan Dhan Yojana (PMJDY) is a policy initiative of the Government of India in this direction. In this study an attempt is made to understand the extent of financial inclusion through banking activities in India post implementation of PMJDY considering banking growth and resultant financial inclusion by means of major banking variables such as Deposits and Credits of banks in India before 2014 and after 2014 (the year of implementation of PMJDY)


Keywords: Banking; Credits; Deposits; Growth; Financial Inclusion; India

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This article has been retracted from Journal of Theoretical and Applied Economics per author’s request. Please do not use it for any purposes.

Received on 07/25/2020;

Accepted on 08/10/2020;

Published on 08/13/2020;

Retracted per authors’ request 08/28/2020