ROLE OF PUBLIC SECTOR BANKS IN

FINANCIAL INCLUSION
Abstract: This report is about the role of public sector banks in financial inclusion. Banks are
backbone of any economy and play major role for the growth of economy. Despite of many
efforts; India has faced several challenges in upgrading the standards over
financial inclusion and the major constrain is the large number of population
size which dont have an easy access to reasonable finance. Moreover people
in India are not much aware about the financial education. We have
evaluated the measure taken by public sector banks because they are much
reliable than private and foreign banks. It became necessary to evaluate
what the government, RBI and public sector banks are contributing to five
financial services. In this report we have discussed about the Pradhan
Mantri Jan Dhan Yojna which aims to provide financial services to each and
every part of country. Moreover banks are increasing their branches and
arranging campaigns for education of financial services to citizens of India.
Financial inclusion is possible only through proper mechanism and
governance of banking sector. Thus, article concludes the various initiatives
taken by R.B.I and various banks for encouraging financial inclusion services;
so as to achieve rural, social and economic growth.
Keywords: Financial inclusion, trend percentage.