Role of Technology in Financial Inclusion A Study of Rural Area of Sonipat District of Haryana

Abstract

The research aims to explore different technologies that have been utilized by the newlinepeople in rural areas at present. It also aims to understand the reasons behind not newlinebeing able to use the technology. In addition to that, the study also explores the newlinepenetration of FI in rural areas and how technology has helped in ensuring better newlinereach of banking services at affordable prices to poor people. newlineA large proportion of Indian population resides in villages. This is a problem for India newlinebecause the people living in the villages did not have access to services related to newlinefinance. Due to exclusion from Financial Service, the people in rural areas started newlinefacing several problems like difficulty in lending money, unavailability of finances, newlineetc. This negatively affected their growth and prosperity and because of that most of newlinethe rural population is still poor. This was the major problem that required a solution. newline