Accessibility of Financial Services to Rural inhabitants -A study of Karnataka State

Financial service accessibility has been an important option for alleviating poverty and economic development. Recently, Indian government has been actively pursuing various policy options to increase financial service accessibility. Financial accessibility minimizes the social omission and enhances the economic growth. In this article, we analyze growing interest in financial accessibility, define them and demonstrate their existence in the developed and developing worlds. We have tried to focus on weather financial accessibility has been implemented in the state of Karnataka where banks claimed that financial accessibility is complete. Majority of the rural inhabitants of Karnataka state have financial accessibility but it is just more than having bank account. Financial accessibility has deeper meaning than what has been usually portrayed. Our results show that social omission and personal deficiencies contribute to lesser financial access. We opine that financial accessibility is not just a single colossal phenomenon and need to be analyzed in different dimensions ranging from having bank account to usage of modern financial services.