Adobe Scan 17 Mar 2021

Inclusive Growth:
Dynamics & Discourses
A. Jaya Kumar Shetty
Ganaraja K.

Dr. A. Jaya Kumar Shetty
Head, Dept. of Economics
SDM College(Autonomous), Ujire
Dr. A. Jaya Kumar Shetty has obtained his Masters Degree in
Economics from Mangalore University, Post Graduate Diploma in
Personnel Management and Industrial Relations from Bharathiya Vidya
Bhavan, MBA from Punjab Technical University and Ph.D. from
Karnatak University. Since 1985 he has been teaching'Economics for
graduate and post graduate students. As a research guide, he has
successfully guided three Ph.D. and 12 M.Phil. Scholars and presently
guiding 8 research scholars. He has completed three Minor Research
Projects funded by UGC. For his significant contributions in the field
of National Service Scheme he was bestowed "State NSS Award" in
the year 2002.
Mr. Ganaraja K.
Asst. Professor of Economics
SDM College, Ujire
Mr. Ganaraja has obtained his Masters Degree in
Economics from Mangalore University, M.Phil. from
Annamalai University, Tamilnadu and presently
pursuing Ph.D.
Publisher:
National Centre for Inclusive Growth and Development Researcho
Mysore 570 012
ISBN No 978-81-927970-1-4
978-81-927970- 1-

Contents
Foreword
Preface
List of Contributors
Contents
1
2
3
4
5
6
8
Business
Correspondent Model for Financial
Inclusion in India: Issues and Concerns
-Raghavendra Rao & V. Basil Hans
Links between Economic growth and Human
Development- A Study for India
Nasir Khan B.M
Inclusive Growth- Restructuring Dimensions
Radhakrishna Bhat M and Chethana
Microfinance and Rural Women
Empowerment A
Case Study of Rwanda
Mutamuliza Eularie &Vishwanatha
Self Help Groups in India-A Key Driver for
Attaining Sustainable Economic Growth
Lajitha.P & Gangadharan.K
SHG Bank Linkage Programme and Progress under
Micro Finance
Parameshwara & Gurarj.G
Financial inclusion: Issues and Challenges
Praveen Saldanha & R. Nagbushan
Measuring Employment Elasticities for Poverty
Reduction and its Impact on Economic Growth in
India
Renuka Bai. V
1-12
13-21
22-36
37-49
50-60
61-69
70-83
84-93
vii

Inchusive Growth: Dynamics nd Disco.
7
Financial Inclusion: Issues and
Challenges
Praveen Saldanha
R. Nagbushan
Introduction
Financial inclusion is the proportion of individuals and firms
to formal financial
with
services. access
At the global level, 2.5 billion people
-
or
the world half
population
-
remain without a bank account, but differences are
marked across countries. Access to financial services varies widely by a
country's level of
development as well as an individua>'s income,
education and
gender. According to the World Bank's Findex, 90% of
adults in
high-income countries have an account at a financial institution
compared to only 41% in developing countries. Across countries -
including in the advanced economies
-
those in the bottom income
have the lowest
quartile
account
penetration. For instance, while 88% of all adults
in the U.S. have an account, the share drops to 74% in the poorest quintile.
Meanwhile, only 75% of the primary-level educated population in highincome
countries has an account
compared to 95% of the tertiary-level
educated population. In developing countries, the urban population is
more than twice as likely to have an account as the rural population and
almost 46% of the male population has an account compared to 37% of the
female population. Studies suggest that barriers such as the cost of
opening and maintaining an account, inadequate savings, lack of physical
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