An analytical perspective of progress in pension scheme and digital financial inclusion

Abstract

India is one of the developing countries in the world. This development should be distributed evenly among all the sections of the society. The developments in the real sense are possible only when all the sections of the society are provided with all the basic services. The basic services in the country will be available to the people when they are provided with Financial services which is possible through Financial inclusion. Financial Inclusion is delivery of financial services, at an affordable cost to the vast sections of the society. The Eleventh and Twelfth Five Year plans also insist on the need for Financial Inclusion. In this respect, both RBI and the Government have been making various efforts to provide Financial inclusion in the length and breadth of the country. This paper highlights the progress in Financial Inclusion, through pension schemes, Post Payment bank and usage of Digital services.