AN EMPRICAL LITERATURE REVIEW ON FINNACIAL INCLUSION

Abstract

The review of literature gives an outline of the study's main topics. An examination of the available literature is expected in order to determine the progress achieved in the subject area and the gaps that the researcher must fill. So far, a vast number of researches on financial inclusive growth have yielded useful insights and policy recommendations. Despite the fact that some of the researches are extensive, there are still significant gaps. Many issues concerning unbanked people's access to finance, credit, and resources have not been fully investigated or targeted. While the academics' results, analytical methodology, and policy recommendations are noteworthy, the current study is a diagnostic attempt to determine the state, pattern, and prospects of financial inclusive growth. As a result, the present paper seeks to offer a quick overview of the research on what methodologies are necessary to include the unbanked population at both the international and national levels. Theoretical analyses of economic growth, economic disparities, and the relevance of human capital for inclusive growth policies give a sound foundation for recognising the importance of a new route of economic growth policies to maintain nations. The nature, scope, and effects of financial exclusion/inclusion are presented in the empirical reviews. Financial innovations are also discussed in the context of Financial Inclusion in the empirical reviews.