Financial inclusion in India with Special Reference to Role of Informal Sector in Manipur

Wahengbam Chandbabu Singh, Dr. Nilam Panchal

Abstract


ABSTRACT:

Of late financial inclusion has been a great focus for policy planners in India. The formal financial system of the country has been working actively for achieving it. But the informal and unorganised sector also contributes significantly in this process. The MARUP (local name of unorganised financial practices) in Manipur is a practice since time immemorial. This conceptual paper identifies roles that the Marup system that has been ingrained deeply in the Manipuri society plays significantly in financial inclusion. This paper also suggests strategies for bringing up activities of the Marup system for inclusive growth in the state of Manipur

Key Words: Financial Inclusion, Marup System

Core area: Microfinance and informal sector growth

 

 


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ISSN : 2251-1555