In Banking services Financial service is one of the service that plays a prominent role in banking sector. Financial sector is the sector that maintain the financial issues of the organizations and to help the organization that deals with the financial matter. Not only in banking sector in every sector this financial field is included and provide their services for the company development. In India there are many financial institutions that are worked under government sector or any other private sector. In SBI and other banks Financial field maintain the savings of the bank, investments of the customers and other services which are include on the banking.

Financial inclusion offers people the following things:

1. Access to Financial markets

2. Access to Credit markets

3. Financial literacy

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Objectives of Financial inclusion:

1. Access at a reasonable cost for all house holds and enterprises to the range of Financial services for which they bankable including savings, short and long term credit, leasing and factoring, mortgages, insurance, pensions, payment, local money Transfers and international remittances.

2. Sound institutions guided by appropriate internal management systems, industry performance standards and performance monitoring by the market as well as sound prudential regulation wherever required.

3. Financial and institutional sustainability as a means of providing access to Financial services over time.

4. Multiple provides of Financial services wherever feasible so as to bring cost effective and a wide variety of alternatives to customers

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Financially excluded sections largely comprise of the following activities….

1. Marginal farmers

2. Landless laborers

3. Oral lessees

4. Self Employed and unorganized sector enterprises

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5. Urban slum dwellers

6. Migrants

7. Ethnic minorities and society excluded groups

8. Senior citizens

9. Women

The north east eastern and central regions of India contain most of the Financially excluded population….

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Benefits of inclusive financial growth:

The benefits of inclusive financial growth can be described

1. Growth with equity:- In the path of becoming super power we the Indians need to achieve the growth of our country with equality. It is provided by inclusive finance.

2. Getting rid of poverty:- To remove poverty from the Indian context everybody will have to be given access to formal Financial services . Because if they borrow loans for business or Education or any other purpose then that will pave the way for their Development.

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3. Financial transactions made easy:- Inclusive finance will provide  banking related Financial transactions in an easy and speedy way.

4. Safe savings along with Financial services:- People will have safe savings along with other allied services like insurance cover, entrepreneurial loans payment and settlement facility etc.

5. Increasing National income:- boosting business opportunities will definitely increase GDP that will be reflected in our National income growth.

6. Becoming global player:- Financial access will attract global market players to our country that would Result in increased Employment and business oppurtunities.

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