Newer Avenues for Investment in Financial Services – The Next Big Thing is Small

The research service identifies the reasons for financial inclusion, correlation between Human development index and financial inclusion. Then, it suggests newer avenues for investments in financial services in India. The scope of this service includes Low Cost ATM's, Micro Finance, Micro Insurance, Banking Correspondents, Technologies facilitating Financial Inclusion, No Frills Bank Accounts. The issues faced by newer avenues is also studied. The major challenges included the quality of human resource, financial literacy, managing technology, channels of distribution, capital for scaling up, lack of information, faulty regulations.