BANKING SECTOR AND EMPOWERMENT: A PATHWAY TO INCLUSIVE GROWTH (KEY IJP************871)

• Dr B. Lakshmana Rao

Abstract

The banking sector is not only a financial backbone but also a powerful instrument for economic and social empowerment. Through initiatives like financial inclusion, microfinance, and digital banking, banks have played a key role in reducing poverty, promoting entrepreneurship, and bridging socio-economic gaps. This study investigates the extent to which banking services contribute to the empowerment of marginalized communities, especially women, rural populations, and micro-entrepreneurs. Using empirical data and policy analysis, the research evaluates how access to formal banking influences economic independence and social agency.