Financial Inclusion for Viksit Bharat
Innovations, Evidence and Pathways Toward Equitable Development
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Beschreibung
“This timely and meticulously curated volume is a landmark contribution to the discourse on inclusive growth in India… A must-read for anyone committed to ensuring that no citizen is left behind in the financial journey of our nation.”
— Harun R. Khan, Former Deputy Governor, Reserve Bank of India
As India advances toward the vision of Viksit Bharat @2047, financial inclusion has emerged as a cornerstone of equitable and sustainable development. While initiatives such as Aadhaar, UPI, PMJDY, and Direct Benefit Transfers have significantly expanded access, critical gaps persist in terms of usage, quality, and inclusiveness across regions and vulnerable populations. This volume offers a timely and comprehensive exploration of how financial inclusion can evolve into meaningful and empowering participation.
Bringing together eleven rigorously peer-reviewed chapters authored by leading academics, policymakers, and practitioners, the book presents a multidimensional analysis of financial inclusion in India and the Global South. It spans global frameworks and India’s leadership in Digital Public Infrastructure, national strategies focused on financial literacy, trust, and institutional coordination, and sectoral challenges such as informal credit, crop insurance, and microfinance in backward regions. It places marginalised groups—persons with disabilities, women, smallholder farmers, and informal workers—at the centre of the discourse, advancing a more inclusive development paradigm. A distinctive contribution of the volume lies in its integration of conceptual, empirical, and policy perspectives. It employs diverse methodological approaches—ranging from cross-country comparative analyses and advanced econometric techniques to structural macroeconomic modelling and field-based evidence—to uncover both the opportunities and limitations of inclusive finance in a rapidly digitising economy.
Vikas Dixit is Associate Professor of Economics at Jadavpur University, with over 17 years of experience in public finance, development economics, and financial inclusion.
Rilina Basu is Associate Professor of Economics at Jadavpur University, specialising in macroeconomics, financial systems, and development.
Nisar Ahmad Khan is Professor of Economics at Aligarh Muslim University, a distinguished scholar in monetary and development economics with extensive academic and policy experience.
This interdisciplinary edited volume offers a timely and authoritative exploration of how inclusive finance can serve as a transformative lever in India’s journey toward becoming a developed nation by 2047. drive equitable growth in India and beyond. It brings together eleven contributions from leading academics, policymakers, and practitioners, offering conceptual, empirical, and policy-oriented insights. The book expands conventional debates by foregrounding marginalized groups—such as persons with disabilities, women, smallholder farmers, the elderly, and informal workers—as central to financial inclusion. It combines global and national perspectives with grassroots evidence, examining topics including India’s G20-driven digital finance diplomacy, digital public infrastructure (Aadhaar, UPI, PMJDY, DBT), financial innovation for financial inclusion and socioeconomic development, financial literacy for trust-building, retirement planning, disability-inclusive finance, post-pandemic gender gaps in digital finance, the role of FinTech in shaping access to informal credit, industrialization and digital financial inclusion for growth, crop insurance, and the role of microfinance in financial inclusion and economic development.
Organized into three thematic sections, the volume situates India’s experience in the global discourse, examines national frameworks and life-stage needs, and highlights sectoral and regional pathways through surveys, econometric analysis, and case-based studies. A unique contribution is the pioneering of some important policy-oriented concepts, such as Disability Financial Inclusion Index, National Disability Financial Inclusion Strategy and National Financial Literacy Integration Mission. This timely resource will benefit scholars, students, regulators, practitioners, and international organizations by providing evidence-based recommendations and globally relevant strategies for advancing equity, empowerment, and sustainable financial inclusion. leading economists, policymakers, and field researchers to provide a comprehensive, evidence-based examination of financial inclusion across four thematic pillars: global frameworks and national strategies; life-cycle and demographic inclusion; community-driven models; and cross-country/regional insights. Emphasising on inclusion at the margins, rural women, persons with disabilities, informal workers, the elderly, and small farmers, this volume expands the boundaries of financial inclusion to address equity, participation, and trust.
Drawing from a rich mix of empirical methods econometric modeling, structuralist macro frameworks, and grassroots-level fieldwork, it covers a wide range of underexplored topics: post-pandemic gender gaps in digital finance, the role of FinTech in informal credit, financial literacy for trust-building, SHG vs. MFI empowerment models, and India's leadership on Digital Public Infrastructure (DPI) and the G20 Financial Inclusion agenda. It also pioneers new tools like a proposed Disability Financial Inclusion Index.
It is beneficial for scholars and students in economics, development studies, public policy, and finance, the book also serves as a practical guide for policymakers, regulators, development practitioners, and international agencies. Its policy recommendations are rooted in local realities from regions like the Sundarbans and Jalgaon, while offering globally relevant insights through SAARC-level and cross-country comparisons.
Focuses on disability-inclusive finance with proposed Disability Financial Inclusion Index Combines policy, practice, and analytics, featuring case studies, econometrics, and actionable recommendations Showcases FinTech, SHGs, crop insurance, G-Secs & DPI innovations driving inclusion for Viksit Bharat 2047
Autor*in
Vikas Dixit
Themen in »Financial Inclusion for Viksit Bharat«
Financial inclusion in India and the Global South Digital public infrastructure (DPI) Disability-inclusive financial systems Gender inequality and digital financial inclusion Financial literacy and empowerment Microfinance in rural India Financial inclusion strategies for G20 and SDG goals Crop insurance access Smallholder finance in India Retirement planning Life-cycle financial inclusion Viksit Bharat