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Institutionalizing Constitutional RightsPost-Sachar Committee Scenario$
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Abusaleh Shariff

Print publication date: 2016

Print ISBN-13: 9780199461158

Published to Oxford Scholarship Online: June 2016

DOI: 10.1093/acprof:oso/9780199461158.001.0001

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Development Credit and Financial Inclusion

Development Credit and Financial Inclusion

(p.257) 7 Development Credit and Financial Inclusion
Institutionalizing Constitutional Rights

Abusaleh Shariff

Oxford University Press

Reviewing the post-Sachar initiatives of the Ministry of Finance and Reserve Bank of India (RBI) in extending credit to minorities, data in this chapter indicates that the credit access for Muslims is in fact still declining in comparison to other groups. The RBI has made slow progress on financial inclusion in minority-concentrated districts and has accumulated an enormous backlog that only vigorous policy implementation will reduce.

Keywords:   development, financial inclusion, microcredit, macro-economic policy, Muslims, Indian banking sector

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