The government may help financial institutions like banks implement financial inclusion via subsidies, marketing, and education initiatives as part of its 11th Plan for Inclusive Growth. People living in rural areas with little financial resources typically lack the time and transportation to make several trips to the bank in order to open an account or use other banking services. These households may try to save and prepare for the future by establishing a savings account or taking out a loan, but they face more obstacles. The purpose of this paper is to start a conversation on the role that banks and other financial institutions play in fostering growth in India's rural areas. Indian economic development depends on lifting rural residents out of poverty, joblessness, and social and economic backwardness. The government of India recognised this need, and many rural development initiatives were launched as a result. As a result, what we mean when we talk about rural development is the wholesale adoption of contemporary practises by people living in rural areas.

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Keywords: Financial Institutions, Financial Assistance, Villagers, Banks, Banking Financial Institutions, Rural Development, Programme.