A COMPARATIVE STUDY OF DIGITAL FINANCIAL INCLUSION IN DISTRICT HISAR AND JIND OF HARYANA (WITH SPECIAL REFERENCE TO PUNJAB NATIONAL BANK)
Abstract
Most of the developing nations are trying to cover the unbanked populations of the country in formal banking system. In developing nations there is more than half population is unbanked. India is also a developing nation. An efficient financial system is the first priority of the developing nations. Financial inclusion means to provide the financial services likes as saving, deposit, loans, insurance etc. on affordable cost. For this purpose Govt. of India along with RBI taking a numerous steps for financial inclusion .Banks play a very important role for cover unbanked population of the nations in formal banking system. Recent development in the technology in the world, it is a mandatory step for developing nations to move forward to Digitalization. Digital financial services is necessity of a developing nation in present era. Digital financial services have a great future to support financial inclusion in a cost effective manner both banks and financially excluded persons. Public sectors banks trying their best for included the unbanked populations is main stream of the financial structure of the nation.
Keyword : Financial Inclusion, Digitalization, Public Sector, Financially Excluded
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