Ausaf Ahmad, Former Head, Special Assignments, Islamic Research and Training Institute, Islamic Development Bank, Jeddah, Saudi Arabia.
Volume 1, Issue 1, June 2012, Page 55-64
Ever since India announced that inclusive economic growth to be the objective of its developmental efforts, financial inclusion has acquired some kind of respectability and popularity in social and economic discussions both in academia as well as in the media as some other developmental concepts like sustainable development, removal of poverty, rural development, community development, human capital, and later on human development, empowerment of certain weaker sections of society etc. had acquired before it, It has become a fashion of the day that degree students write their term papers on financial inclusion, University teachers and researchers deliver their sermons from the podiums of seminars and conferences, policy makers and bureaucrats are invited to share their thoughts with public on various channels of mass communication. This is not the place to go into reasons for this phenomenon. It suffices to note here that this is so and that we have to go somewhat deep into its meaning if we wish to appreciate its implications in a serious pursuit and discover its relevance for the contemporary Indian society.
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