Bank-Based Financial Intermediation for Financial Inclusion and Inclusive Growth

21 Pages Posted: 8 Aug 2012

Date Written: August 8, 2012


Financial Inclusion for inclusive growth is a topic of contemporary significance and relevance. This study besides establishing the growth enhancing role of bank-based financial intermediation through empirical evidence has also found that access to finance by the poor is a prerequisite for poverty reduction in order to achieve inclusive growth and sustainable economic development. The study has evaluated using appropriate statistical techniques the impact of financial inclusion efforts on the inclusive growth in the case of a developing economy like India by considering the most reliable data for the period from 1975 to 2007. The theoretical and empirical analysis leads us to conclude that bank led financial inclusion has definitive advantages for inclusive growth in developing economies.

Keywords: Government Policy and Regulation, Economic Development and Financial Markets, Financial Inclusion, Institutions and Growth

JEL Classification: G20, G21, G28, O16, O43, O53

Suggested Citation

P.M., Vighneswara Swamy, Bank-Based Financial Intermediation for Financial Inclusion and Inclusive Growth (August 8, 2012). Available at SSRN: or

Vighneswara Swamy P.M. (Contact Author)

IBS-Hyderabad ( email )

62, Nagarjuna Hill
Hyderabad, TX AP 501504

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