Master of Commerce (M.Com.) Role of Banks in Financial Inclusions Syllabus - Mumbai University 2026

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Syllabus for Role of Banks in Financial Inclusions

Elective course · Semester 4 · M.Com. Banking and Finance · 4 credits · 100 marks

Module I: Financial Inclusion and Role of Banks (Credits: 2)

Unit 1
1 Introduction to Financial Inclusion: Concept, Importance, and Economic Implications
o Definition of financial inclusion and its significance in reducing poverty and promoting inclusive growth.
o Understanding the role of financial inclusion in fostering economic development.
o Discuss the socio-economic implications of financial exclusion and how financial
inclusion addresses these challenges.
2 Role of RBI and Government Policies in Financial Inclusion
o RBI initiatives such as the Priority Sector Lending (PSL) norms, Lead Bank
Scheme, and Financial Literacy Centres.
o Overview of government policies like Jan Dhan Yojana, DBT, and Financial Literacy campaigns.
o Regulatory framework introduced by the RBI to improve financial access.
3 Role of Public Sector Banks and their Strategies for Financial Inclusion
o Discuss the strategies adopted by public sector banks (PSBs), including branch
expansion in rural areas, Business Correspondent (BC) models, and no-frills
accounts.
o Analyze the performance of PSBs in implementing government initiatives for financial inclusion.
4 Mobile Banking and Digital Payments
o Overview of mobile banking and its impact on reaching underserved populations.
o Analysis of digital payment systems, including Aadhaar Enabled Payment
System (AEPS), and their adoption in rural and semi-urban areas.
Unit 2
1 Functions of Commercial Banks and their Role in Financial Inclusion
o Core functions of commercial banks and their relevance to financial inclusion.
o Providing credit and deposit facilities to underprivileged sections of society.
2 Role of Private and Foreign Banks in Financial Inclusion
o Comparative analysis of the performance of private and foreign banks in financial inclusion.
o Initiatives like specialized financial products for marginalized communities.
3 Role of FinTech in Promoting Financial Inclusion
Role of technology-driven platforms like digital wallets, peer-to-peer lending, and o
crowdfunding in improving financial access.
o Case studies on FinTech companies driving financial inclusion in India.
4 Impact of the Unified Payments Interface (UPI)
o Detailed discussion on UPI as a game-changer in digital payments.
o Its role in creating a cashless economy and boosting financial inclusion.

Module II: Financial Inclusion Schemes and Programmes in India (Credits: 2)

Unit 3
1 Microfinance: Concept, Role, and Importance
o Definition and working mechanisms of microfinance institutions (MFIs).
o How microfinance facilitates access to credit for the unbanked population.
2 Role of Self-Help Groups (SHGs) in Financial Inclusion
o Importance of SHGs in mobilizing savings and providing credit to rural households.
o Government initiatives supporting SHGs and their success stories.
3 Role of Regional Rural Banks (RRBs) in Rural Financial Inclusion
o Importance of RRBs in providing affordable financial services to rural areas.
o Challenges faced by RRBs and their contributions to financial inclusion.
4 National Rural Livelihood Mission (NRLM)
o Objectives and structure of NRLM.
o The impact of NRLM on rural financial inclusion and empowerment of rural
women through SHGs.
Unit 4
1 Pradhan Mantri Jan Dhan Yojana (PMJDY): Objectives, Eligibility, and Benefits
o Key features of PMJDY, including zero-balance accounts, insurance coverage, and overdraft facilities.
o Performance and achievements of PMJDY in financial inclusion.
2 Direct Benefit Transfer (DBT) Schemes
o Concept and importance of DBT in ensuring transparency and eliminating middlemen.
o Key DBT schemes and their impact on reducing leakage in subsidy distribution.
3 Atal Pension Yojana (APY)
o Detailed overview of APY, including its objective of providing pension security to unorganized sector workers.
o Eligibility criteria, benefits, and implementation challenges.
4 Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY)
o Objectives and features of PMJJBY, such as affordable life insurance for all citizens.
o Impact assessment and the role of banks in its implementation.
5 Pradhan Mantri Suraksha Bima Yojana (PMSBY): Objectives, Role, and Benefits
o Overview of PMSBY as a low-cost accident insurance scheme.
o Discussion on the uptake and success of PMSBY in rural and urban areas.

References

1 Chakrabarty, K. C. (2011). Financial Inclusion – A Road India Needs to Travel.
2 World Bank. (2020). Financial Inclusion Overview.
3 Kumar, N. (2018). Role of Commercial Banks in Financial Inclusion.
4 Ghosh, S. (2020). FinTech and Financial Inclusion in India.
5 Basu, P., & Srivastava, P. (2005). Scaling Up Microfinance for India’s Rural Poor
6 Government of India (2014) PMJDY Guidelines.
7 Ministry of Finance Reports on DBT

Reproduced from the University of Mumbai syllabus for M.Com. (Banking & Finance) under NEP 2020, in force from the academic year 2023-24. Wording is as printed in that syllabus. Module numbering is as printed there too.

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This subject is cut from the University circular for its specialisation. Open a document here if you want the whole thing rather than a single subject.

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