Show simple item record

The growing importance of consumer finance for financial inclusion in India

dc.contributor.authorSaon Ray
dc.contributor.authorSmita Miglani
dc.contributor.authorSandeep Paul
dc.date.accessioned2019-01-30T17:06:29Z
dc.date.available2019-01-30T17:06:29Z
dc.date.issued2018-12-15
dc.identifier.urihttp://hdl.handle.net/11540/9399
dc.description.abstractFinancial inclusion or access to financial services is a major development goal for all nations across the globe. The concept has a multitude of dimensions from payments and savings accounts, credit, insurance and pensions and securities market. Ensuring quality access to formal financial services has always been a challenging task. Despite being a prime policy agenda for decades, the goal of universal financial inclusion is yet to be achieved in India. The Indian financial inclusion story so far was led by commercial banks and MFIs. While acknowledging the importance of access to credit for productive purposes, a total integration with financial market also means access to services like insurance and consumption loans. This paper examines the role of consumer finance, a high growth segment of the Indian financial sector in promoting financial inclusion. Consumer finance involves granting credit to consumers to enable them to possess goods for everyday use. While the Indian financial sector is changing rapidly, a large number of households still rely on informal sources for unforeseen expenditure. The paper presents results of a survey of consumer perception on the role of consumer credit to financial inclusion.
dc.languageEnglish
dc.publisherIndian Council for Research on International Economic Relations
dc.titleThe growing importance of consumer finance for financial inclusion in India
dc.typeWorking Papers
dc.subject.expertFinancial Stability
dc.subject.expertFinancial Management System
dc.subject.expertFinancial Restructuring
dc.subject.expertCapital Market Development
dc.subject.expertMarket Development
dc.subject.expertEconomics
dc.subject.expertErosion
dc.subject.expertInternational Economics
dc.subject.expertMacroeconomic
dc.subject.expertMacroeconomic Analysis
dc.subject.expertPerformance Evaluation
dc.subject.expertImpact Evaluation
dc.subject.expertForeign and Domestic Financing
dc.subject.expertForeign Direct Investment
dc.subject.adbInternational Financial Market
dc.subject.adbMultilateral Financial Institutions
dc.subject.adbEconomic Recession
dc.subject.adbMarket
dc.subject.adbCrisis
dc.subject.adbEconomic indicators
dc.subject.adbGrowth models
dc.subject.adbGross domestic product
dc.subject.adbMacroeconomics
dc.subject.adbEconomic forecast
dc.subject.adbBusiness Financing
dc.subject.adbInvestment Requirements
dc.subject.naturalBusiness recessions
dc.subject.naturalMultilateral development banks
dc.subject.naturalRegulatory reform
dc.subject.naturalCapital
dc.subject.naturalExports
dc.subject.naturalEconomic development projects
dc.subject.naturalEconomic policy
dc.subject.naturalEconomic forecasting
dc.subject.naturalInvestment Requirements
dc.subject.naturalBanks
dc.subject.naturalInternational banks and banking
dc.subject.naturalCapital movements
dc.subject.naturalCentral banks and banking
dc.subject.naturalBills of exchange
dc.subject.naturalSwaps
dc.subject.naturalBanks and banking
dc.subject.naturalFinancial crisis
dc.subject.naturalCredit control
dc.subject.naturalCredit allocation
dc.subject.naturalCapital market
dc.title.seriesICRIER Working Paper
dc.title.volumeNo. 367
dc.contributor.imprintIndian Council for Research on International Economic Relations
oar.themeFinance
oar.themeEconomics
oar.adminregionSouth Asia Region
oar.countryIndia
oar.identifierOAR-008964
oar.authorRay, Saon
oar.authorMiglani, Smita
oar.authorPaul, Sandeep
oar.importTRUE
oar.googlescholar.linkpresenttrue


Files in this item

Thumbnail

This item appears in the following Collection(s)

Show simple item record