An Analysis On The Impact Of Non-Banking Financial Companies On Financial Inclusion In Rural And Semi Urban Areas With Reference To Mahindra Finance Limited, Jp Nagar, Bangalore

The study explores the pivotal role of Non-Banking Financial Companies (NBFCs) in advancing financial inclusion in rural and semi-urban areas, with a particular focus on Mahindra Finance Limited, JP Nagar, Bangalore. By bridging the gap between formal financial institutions and underserved populations, NBFCs provide accessible and customized financial solutions, fostering economic growth and empowerment. This research examines the impact of Mahindra Finance’s services, including microfinance, vehicle loans, and rural development initiatives, on improving access to credit, promoting entrepreneurship, and enhancing the quality of life in these regions. The findings underscore the significance of NBFCs in addressing financial disparities and driving inclusive growth, while also identifying challenges and areas for further improvement to maximize their contribution to financial inclusion.