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Abstract
The term “Financial Inclusion” means the transfer of banking services at a reasonable cost to the huge sections of deprived and low income group. “Inclusive Growth” by its definition implies an impartial distribution of resources with profits gained to every sections of the society. Financial inclusion and inclusive growth are the two sides of a coin. Both are interrelated and interdependent. For growth to be inclusive, all people should be come under access to financial services. Financial Inclusion means providing financial services to the vulnerable section of the society at an affordable cost. It aims at promoting banking habits by the deprived or poor strata of the society by providing them accessibility to the financial services. Since 2005 several initiatives has been taken by RBI and government for financial inclusion and Inclusive growth but still there are miles to go for achieving hundred percent inclusion. This paper is an attempt to discuss the overview of financial inclusion in India along with the role of banking sector in extending the scope of financial inclusion to the unreached low income segments of the society.