As India is a vast country, the financial field is open to commercial banks, co-operative banks, rural banks and other financial institutions. There is scope also for non-banking financial intermediaries, hire purchase institutions, merchant banks, etc. At the same time, the country cannot afford to have what may be called inflationary conditions by unlimited and unrestricted lending, on the one hand, and institutions accepting deposits with little regards to their safety, on the other. The Reserve Bank of India, though the apex regulatory body of Banks in India may not be able to regulate the activities of all these institutions hence, the nationalized commercial banks have been left responsible to regulate the activities of the indigenous bankers whom they finance, the nationalized banks in turn being under the active surveillance of the RBI. Financial Inclusion has been a topic, stressed upon most by our honorable Prime Minister. The present research paper intends to analyse the Depositors and Borrowers perception with regards to Unorganised Money Market. For the purpose of study, the data will be collected from 157 selected rural respondents, which will be analysed using Regression. The present research highlights the functioning of Unorganised Money Market in Rural Goa.

Key words: Unorganised Money Market, Functioning, Financial Inclusion, Indigenous Bankers, Rural Goa.