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2023 | OriginalPaper | Chapter

9. Financial Sector Governance Policies and Regulations

Authors : Vinay Kandpal, Deep Chandra, Narendra N. Dalei, Jatinder Handoo

Published in: Financial Inclusion in Circular Economy

Publisher: Springer International Publishing

Abstract

We analyze the Indian government’s and regulators’ contributions to the principles and practices of financial inclusion in enhancing the poor’s access to financial services in the past and present and suggest future corrective actions. We discover that psychological and business factors are the main obstacles. For the development of an innovative digital market and financial system, there is a need for a strong and dynamic ongoing research-based business model, as well as a sense of sustainability and inclusivity. It will support our interventions in regular financial services, including a payment system with new differential players, at an appropriate scale and size. However, this won’t be effective until strategic financial sector development and growth are integrated with financial inclusion.

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previous chapter MFIs and NBFCs Contributions Towards Financial Inclusion and Circular Economy

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Title: Financial Sector Governance Policies and Regulations
Authors: Vinay Kandpal
Deep Chandra
Narendra N. Dalei
Jatinder Handoo
Publisher: Springer International Publishing
Book: Financial Inclusion in Circular Economy
Print ISBN: 978-3-031-22722-6

Electronic ISBN: 978-3-031-22723-3

Copyright Year: 2023
DOI: https://doi.org/10.1007/978-3-031-22723-3_9

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