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India's Urban Poor Financial Services Needs: Challenges and Solutions

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India's Urban Poor Financial Services Needs: Challenges and Solutions

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2014-04-29

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Hubert H. Humphrey School of Public Affairs

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Thesis or Dissertation

Abstract

In this paper I identify the institutional and consumer barriers that have kept the urban poor out of the banking network. I also analyze how informal mechanisms overcome these barriers to create a sustainable and reliable network of financial services for the urban poor. I end by discussing the need to rethink existing policies in order to make the formal financial services more accessible and user friendly to the unbanked.

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Professional paper for the fulfillment of the Master of Public Policy program.

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Karnik, Harshada. (2014). India's Urban Poor Financial Services Needs: Challenges and Solutions. Retrieved from the University Digital Conservancy, https://hdl.handle.net/11299/163199.

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