Abstract
The political economy of a country determines the long-term feasibility of any substantial change taking place in its financial inclusion space. In India, local political and social factors play an important role in microfinance. The political economy approach examines the competition among various institutions in the microfinance sector. The proposed inclusive banking model rests on the foundations rooted in the framework of political economy. The gaps and certain oddities in the implementation of inclusive finance are highlighted from political economy perspective, to ensure their elimination for a more efficient model of inclusive banking.
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Notes
- 1.
The role of Government in inclusive finance is discussed in the next chapter.
- 2.
Facing up to the political realities of financial inclusion Time for donors to re-think their approach? Oxford Policy Management October 2013.
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Kulkarni, L., Joshi, V.C. (2021). Inclusive Banking: A Political Economy Approach. In: Inclusive Banking In India. Palgrave Macmillan, Singapore. https://doi.org/10.1007/978-981-33-6797-5_5
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