THROUGH THIS PAPER WE ARE TRYING TO UNDERSTAND THE EXTENT OF INTER-LOCKING BETWEEN SOCIAL BANKING AND FINANCIAL INCLUSION IN OUR COUNTRY. ACCESS AND AVAILABILITY OF FINANCE IS AN IMPORTANT COMPONENT OF BOLSTERING THE SOCIO-ECONOMIC DEVELOPMENT OF A COUNTRY AND ITS PEOPLE. A DEVELOPED FINANCIAL SET UP WILL ALWAYS RESULT IN FINANCIAL STABILITY WITH FAVOURABLE IMPLICATIONS FOR ECONOMIC PERFORMANCE. ACCESS TO FINANCE AND FINANCIAL STABILITY IS THUS THE KEY TO ECONOMIC GROWTH. IN THE CONTEXT OF WIDE REGIONAL DISPARITIES EMERGING IN THE PROCESS OF DEVELOPMENT, THE BANKS HAVE AN ADDITIONAL RESPONSIBILITY IN INDIA. THAT RESPONSIBILITY IS TO ENTER THE UNDER DEVELOPED REGIONS AND TO MOBILIZE AND CHANNELIZE RESOURCES INTO LOCAL ECONOMIC ACTIVITIES SUCH THAT LOCAL DEVELOPMENT IS PROMOTED. SURPRISINGLY, THIS HAPPENS EVEN WITH THE CONSIDERATION OF USUAL SOCIO-ECONOMIC FACTORS. THEREFORE, IT FEELS THAT THE FUTURE RESEARCH MAY EXPLORE MORE ON THE 'SOCIAL BANKING' ADDRESSING REGIONAL DISPARITIES ISSUES. THE POST INDEPENDENCE ECONOMIC PLANNING IN INDIA REVOLVED AROUND THE EXPANSION OF FINANCIAL INSTITUTIONS TO RURAL AND UNBANKED AREAS WITH THE BASIC OBJECTIVE OF EXPANDING ACCESS TO FORMAL CREDIT IN RURAL UNDER DEVELOPED REGIONS. INDIAN PLANNING EXPERTS USED SOCIAL BANKING AS THE MAIN TOOL FOR EXPANDING THE FLOW OF FORMAL CREDIT WITH THE TWIN OBJECTIVES OF DISPLACING PRIVATE MONEY LENDERS AND TO PROVIDE CHEAP CREDIT TO RURAL HOUSEHOLDS WHICH WILL HELP IN REDUCING POVERTY AND INDEBTEDNESS. SOCIAL BANKING CONCEPT HAD MIXED RESULTS IN INDIA AS EVEN AFTER STRONG EFFORTS, THE PROBLEM OF FINANCIAL EXCLUSION STILL PREVAILS IN INDIA. GOVERNMENT OF INDIA ALONG WITH THE CENTRAL BANK HAS COME UP WITH NUMBER OF SPECIFIC SCHEMES FOR A BALANCED FINANCIAL INCLUSION AND ONLY TIME WILL TELL ITS EFFECTS AND RAMIFICATIONS ON THE INDIAN ECONOMY. OUR PAPER IS PURELY BASED ON SECONDARY DATA LIKE JOURNAL, RESEARCH ARTICLES, DIFFERENT GOVERNMENT AND SEMI GOVERNMENT REPORTS, BOOKS DIFFERENT WEBSITES ETC.