Financial Inclusion – Towards Sustainable Development

Financial Inclusion is being considered as the step forward for an effective growth of the country as it includes the betterment of services to all sectors of the people, thus raising the general standards of living of the society. The term "financial inclusion" has gained importance since the early 2000s, and is a result of findings about financial exclusion and its direct correlation to poverty. Financial inclusion is now a common objective for many central banks among the developing nations. Financial Inclusion results in the betterment of the society and thus, I have chosen this as my research subject. As a part of my research I broadly worked on finding the state of financial inclusion in the nation as a whole, and in the state of Telangana in particular. The Paper examines the role of RBI’s measures and the performance of the commercial (public) banks over the private banks. It aims at throwing light on the state of financial inclusion and the performance of private and public sector banks on this subject. This still being a naïve subject, the data collection has been very difficult and vague. The data availability was only for the past couple of years. The reach to the under privileged sections to the society can be treated both as a challenge and also an opportunity. Thus the scope of performance in this arena is very high and will lead to a huge success for both the bankers and the customers if this succeeds