India has witnessed remarkable progress in advancing financial inclusion, aimed at ensuring affordable and accessible financial services for all, particularly low-income and underserved populations. The national thrust toward financial inclusion has focused on addressing long-standing challenges such as inadequate banking infrastructure, limited financial literacy, and geographic barriers. The rapid expansion of digital technologies—including mobile banking, the Unified Payments Interface (UPI), and fintech-led solutions—has significantly widened financial access, enabling deeper integration of remote and marginalised communities into the formal financial system. Financial inclusion today goes beyond basic banking access; it seeks to empower individuals by facilitating participation in economic activities, enhancing financial security, and improving overall livelihoods. This inclusion-driven approach has strengthened economic growth in India by expanding access to credit, insurance, savings instruments, and digital payment platforms. Government initiatives such as Pradhan Mantri Jan Dhan Yojana (PMJDY), MUDRA Yojana, and nationwide financial literacy programs have further accelerated financial deepening and increased financial awareness. As a result, India has seen substantial growth in the number of bank accounts, credit uptake, and digital transaction volumes. This study examines these transformative initiatives and evaluates the extent to which financial inclusion has contributed to economic growth and development in India.
Financial Inclusion, Financial Inclusion Index, Digital Finance, Economic Growth, India.
. Promoting Economic Growth through Financial Inclusion in India. Indian Journal of Modern Research and Reviews. 2025; 3(10):53-58
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