Financial Inclusion in Rural Gujarat: A Review

Implementation of Financial Inclusion Initiatives has come long way in last 10 years starting from many Social Schemes and models to Pradhan Mantri Jan Dhan Yojna, from focusing only on access to financial services till identifying need for Financial literacy, Demonetization and digitalization and few more. India has now focused efforts and has also initiated herculean task of ensuring access through creating reach of financial services with the help of Banks, Financial Institutions and other bodies and ensuring usage by working on financial literacy. Pradhan Mantri Jan Dhan Yojna, BC model and Financial Literacy campaigns have proved their potential to achieve financial inclusion however there are certain barriers which should be strategically taken care of to achieve maximum .This paper is an effort to review past performance of PMJDY, BC model and FLCs and their contribution to achieve financial Inclusion in spite of existing barriers in Rural Gujarat.