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Abstract
Financial inclusion or inclusive finance is a global issue. The U.N.O. has also observed a global that "most poor people in the world still lack access to sustainable financial services whether it is savings, credit or insurance" particularly in undeveloped under developed and developing nations financial inclusion is becoming a movement to provide financial services to weaker sections and Low income groups at an affordable cost efforts are on at Governmental and Non-governmental level to bring 135 million financially excluded households in India under the fold of "Banking Habits". The resource poor people living in villages of India desperately need financial assistance with minimum hurdles and also with dignity. This will not only reduce vulnerability of households but will also promote economic growth and will alleviate and improve quality of people lives. Dhanbad district of Jharkhand though called coal capital of India but nearly 14 of its 25 lakhs population, is under below poverty line. People engaged in coal industry get good remuneration but 48% of its total population residing in rural areas do not get steady and regular income. Rural scenario is dominated by poverty and illiteracy. Economic condition of tribals and ST/SC people are again more pathetic. The Lead Bank of this district - Bank of India, NABARD, and some sincere NGO's and Micro Financial Institutions are working for total financial inclusion but honest, speady, and sincere efforts are still appears to be in infancy stage.
Keywords: business facilitator, kisan credit card, non - banking financial company
Introduction
Financial inclusion or inclusive finance is the global aggressive call for creating equal opportunities for those who are economically and socially backward. It has become a movement in almost every welfare state to provide financial services to weaker sections and low income groups at a affordable cost & even with Govt. Subsidy. In India Financial Inclusion first featured in 2005. R.B.I. started giving guidelines to Indian Banking network from 2004. Mangalam village was the 1st village in India where all households were provided banking facilities in 2005 by Indian Bank. For the success of financial inclusion and inclusive growth, it is a must that 135 million financially excluded households in India be brought under the fold of "Banking Habits". At present, only...