9. Financial inclusion is a pre requisite for inclusive growth in India. What do you understand by the term financial inclusion? What are the challenges to achieve financial inclusion in India? Examine the various models of financial inclusion in India.

Approach:

♤ Define Financial inclusion.

♤ Establish a relation between financial inclusion and inclusive growth.

♤ Discuss the challenges in achieving financial inclusion.

♤ Examine the various models of financial inclusion.