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Role of Indian Financial System and Financial Services In Achieving Financial Inclusion
ISSN: 2195-1381
Publisher: author
Role of Indian Financial System and Financial Services In Achieving Financial Inclusion
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Abstract
The main aim of the Indian financial system is to establish a regular, smooth, efficient and cost effective link between savers and investors. The financial system in India underwent a change after 1990 with the adoption of new economic policy, which is one of liberalization. Vast changes have been witnessed in financial markets and services due to the far reaching economic and financial reforms introduced. Financial services constitute an important component of the financial system. Financial services through the network of financial institutions, financial markets and financial instruments, serve the needs of individuals, institutions and corporates. The Financial System includes securities, banking, insurance, mutual funds, pension funds, and provident funds. Linking insurance with allied finance products like housing loan, mutual funds investment in companies, bank credit cards etc. are the new channels for insurance. Stable econo...
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References
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