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Volume 7, Issue 1

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Volume 7, Issue 1

Financial Inclusion as an Instrument for Inclusive Growth, Study of SHGs in Haridwar


Laxmi Pandey


SGIT School of Management, GGS IP University, Ghaziabad, (U.P)


Financial inclusion is becoming a representative of term Inclusion in contemporary times. It has more technical parlance, management meaning, and wider implications. Financial Inclusion is not merely a tool for inclusion of underprivileged into the mainstream of schemes BUT is synonymous with empowerment. The Reserve Bank of India Annual Policy 2005 brought financial inclusion to the notice of banks. Since then the definition has changed magnificently to give way forward to the idea of financial inclusion being not merely a tool for opening bank accounts but bringing in inclusive growth with equity. SBLP is a noteworthy scheme of Government of India, RBI, and NABARD, apex rural bank to unite the homogeneous poor, organizing meager savings via banks leading to credit, creating livelihood opportunities. This paper aims to evaluate financial inclusion initiatives for inclusive growth via SHGs in Haridwar district based on primary data of 150 members of 55 active groups through descriptive and factor analysis.


Financial Inclusion, Inclusive growth, Self-Help Group-Bank Linkage Programme (SBLP), Factor Analysis, Haridwar

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