Research On Inclusive Finance In India

Inclusive financial(Inclusive Finance,also translated as "Inclusive financial")at affordable cost,the extension of the financial services to all members of society,especially in less developed areas and the social low income,to provide reasonable price,fast and convenient financial services,to improve the availability of financial services and full coverage.It is the United Nations for the first time in 2005 "the year of microcredit activities formally put forward the concept,is the extension of microcredit and microfinance.Its core idea is to let everyone can enjoy financial services equally,let all the people share the achievements of financial reform and development fairly.since 1950 s,India has been committed to the development of an inclusive financial,at present India inclusive financial development has reached the medium level.India inclusive financial development has greatly promoted their population steadily reduce poverty,inclusive composite index rising,inclusive financial coverage is widening.India is through to 2008,the world financial crisis and achieve rapid economic growth in recent years,to a certain extent,also with its has been committed to the development of the inclusive financial inseparable.India in its inclusive financial development is,of course,there are some problems,such as microfinance crisis erupted before.In November 2013,the third plenary session of the 18 " about comprehensively deepen reform certain major issue decision " to " develop the inclusive finance ",as an important content of the financial system reform in our country.In December 2015,the state council issued the advance inclusive financial development plan(2016-2020)"(guo fa [2015] no.74),clearly put forward " by 2020,establish and build a well-off society in an all-round way that meet the needs of an inclusive financial services and security system...,make our country an inclusive financial development level in the hierarchical level ".The inclusive finance related theory,analysis to explore India inclusive financial development course,practical exploration,draw lessons from the experience and lessons in promoting inclusive financial development in our country has a very important theoretical and practical significance.In this paper,we study mainly divided into the following four parts:The first part,the concept of inclusive financial and related theoretical analysis.This part first analyzes the related concepts and features of inclusive financial.The world and all the experts and scholars on inclusion,defines the concept of financial have different in it,India "inclusive financial real" are put forward.From a comparative perspective,inclusive financial service has certain subjectivity,broad participation,equality and sustainable developmental characteristics;Secondly this paper expounds the inclusive financial development related theory of financial development,financial exclusion theory and the theory of financial repression theory and so on.The second part,India inclusive financial development and the practice exploration.India inclusive financial dates back to the earliest of cooperative finance in 1904.From its development course,modern India inclusive finance since the 1950 s can be roughly divided into start-up,gradual development and rapid development to three stages.Among these,India in the inclusive financial organization system construction,financial product innovation,the weak link to strengthen,the financial risk prevention,consumer financial knowledge education and so on has carried on the beneficial exploration.The third part,the Indian inclusive financial development effect and the main problems.This part first elaborated the India inclusive financial development results.Its development results in the poverty rate was lower,inclusive financial coverage expanding steadily,vulnerable groups the constant improvement of the bank account opening and utilization,inclusive financial payment system is increasingly perfect,etc.From the perspective of international comparison,India's inclusive financial medium level has reached the world.Secondly this paper expounds the main problems of India inclusive financial.The main problem is the poor low solvency,the financial product innovation to strengthen financial institutions,financial knowledge level needs to improve,inclusive branch network number and types of limited,formal financial institutions access threshold high excessive reliance on informal finance,inclusive to strengthen financial regulation,etc.The fourth part,the enlightenment to our country of India inclusive financial development.India and China as the world's most populous country and developing country,facing the gradually reduce the development of poverty population,the same tasks and challenges.India inclusive financial development and its experiences and lessons of inclusive financial development in our country have important enlightenment function.From India inclusive financial development experience,and combining the reality of our country,inclusive financial development in our country should further establish and improve the diversity of a broad organization system,promote the development of an inclusive financial innovation,improve the level of financial knowledge,strengthen the construction of an inclusive financial infrastructure and improve the inclusive financial regulatory system,etc.