Inclusive Finance in North East India: Challenges and Prospects
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About the Book :
Inclusive finance has become one of the dominant strategies to bring inclusive growth and development in the country since Eleventh Five Year Plan. Access to financial services by the poor and marginalized people has been regarded as a strategic development issue in the country as these groups formed a large proportion of the population. The diversification and strengthening of financial sector play a crucial part in delivering financial services and products at the doorsteps of the poor. Over the years, several initiatives have been undertaken across the country to increase the level of financial access by the poor and other marginzlised people including scheduled tribes/castes. The book examines various facets of financial inclusion and its links with economic development and empowerment of the poor in the North-Eastern Region of India. It analyses growth and diversification of financial institutions, markets and services in the North-East and the performance of microcredits, insurance sector and workings of informal financial markets in the North-East.