Economic Development and Women: Role Played by Financial Inclusion

Inclusion has become the mainstay of economic planning in the last one decade. In this change in the outlook in policy, women have however been left out in the sense that there is entitlement but empowerment has not taken place. The state is a bystander in the banking policies when it comes to empowering women through financial inclusion. The problems faced by women along with other marginalized sections of the society have remained the same. Financial Inclusion in India has been bank led and this policy has not helped in the economic development of women. Business loans to women remain negligible and most of the policy changes are cosmetic in nature.