In India, most studies on poverty have been centered on the rural poor and urban poverty has received little attention of the policy makers. With the rapid growth of big cities, slums, the breeding grounds of urban squalor and poverty, swell primarily due to increased migration of the poor from the villages in search of better employment opportunities and improved standard of living. The deprivation of urban poor is reflected in access to financial services-more than 40 per cent of adult Indian urban population has no access to a bank account.thereby depriving them of savings, credit, remittance and other financial service facilities from the formal financial system. Against this background, this paper tries to study the issues and options involving financial inclusion of the urban poor.
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