FINANCIAL INCLUSION IN SIKKIM

The term Financial Inclusion has gained its importance since the early 2000s. Financial inclusion is globally considered as a critical indicator of development and well-being of the society. As a result of renewed thrust on financial inclusion, an inclusive financial system is widely recognised in policy circles as a proactive measure and has become a basic priority in many countries – including India. Financial inclusion is defined as the availability and equality of opportunities to access financial products and services in the form of banking, loan, equity and insurance products. The book tries to identify the barriers of financial inclusion, both supply side and demand side. Supply side barriers stem from financial institutions themselves, indicating poor financial infrastructure whereas demand side barriers refers to the aspects of the individual seeking financial services and include poor financial knowledge, lack of financial capability.

The aim of this book is to develop learners’ understanding of the concepts of financial inclusion/financial exclusion and its causes. This book also tries to discuss the theoretical overview of financial inclusion and cooperative bank. The learner is also apprised about the different parameters which affect financial inclusion and financial exclusion status.