Financial Inclusion Of Poor Research Articles

Index Of Financial Inclusion By Way Of SHG In Connection With Tamilnadu, India

Financial inclusion plays a vital role in women's empowerment in Tamilnadu. The study aims to determine the extent of financial inclusion through SHG in different districts to use secondary data to evaluate the financial inclusion index for every district in Tamilnadu. The main objective of the study analyse bank accounts opened through SHG and indicators for creating financial inclusion index. The availability of banking services, banking disbursement, and FII Banking penetration are the three criteria used to measure it. The data collected from the SHG report from the year 2018-2019 to 2022-2023. The major findings of the research are only three districts fall under a high financial inclusion index (above 0.6), 12 districts have an average financial inclusion index, 22 districts have poor financial inclusion, and the last three financial years come under high financial inclusion. The government has to be initiated to provide more financial services and banking services through SHG.

E-Wallet Application Penetration for Financial Inclusion in Indonesia

Indonesia is an archipelago country with more than 270 million inhabitants spread across urban and rural regions. This makes digital payment penetration a challenge in itself. Private and government e-wallet service providers have sought to increase the use of cashless services to address structural deficiencies in the country’s economy, such as poor financial inclusion and heavy reliance on manual remittances. This study discusses penetration problems that occur in the e-wallet industry and formulates the strategy so that the use of digital payment platforms can be carried out evenly in all regions of Indonesia. This study notes that technology enablement such as smartphone and internet penetration does not correlate with e-wallet penetration. Many underlying factors affect the penetration, such as key driving forces, infrastructure readiness, and people’s perception of the safety and security of mobile transactions. Bank Indonesia and e-wallet providers are responsible to educate people about the advantages along with possible risks of adopting e-wallet as a non-cash payment method.

Financial Inclusion through Self Help Groups – An Economic Catalyst to transform Rural India

This study attempted to create a comprehensive measure of Financial Inclusion (FI) with specific focus on SHGs among 33 major states in India from the period of 2016 to 2020. Principal Component Analysis was employed to track the status of inclusion in Indian financial sector. The link between FI and development indicators like agricultural and industrial growth, access to basic education was explored through Ordered Probit Random effect model using panel data. Results indicated that majority of Eastern and North Eastern states have poor FI, in addition Financial Inclusion Index (FII) showed a positive relation with agricultural growth

Financial Inclusion and Farmers: Association between Status and Demographic Variables

Financial inclusion is an excellent tool for empowerment of farmers. The current study examines the level of financial inclusion and study the association between various demographical variables and financial inclusion among the farmers. A survey of 360 farmers across Prayagraj district was conducted, this survey found that 71.4% of farmers had his bank accounts while 23.6% of farmers were actively using their bank accounts in past 3 months and only 10.6 % of farmers were taken loan from banks or other formal financial institutions. The survey shows that farmers were financially inclusion: as 72.8% have poor financial inclusion, 19.2% have fair financial inclusion, and only 8.1% have sound financial inclusion. The farmers had not sufficient financial literacy. Further analysis shows that gender is not associated with degree of financial inclusion while other demographic variables i.e. education qualification, family income, age group and size of landholding is closely associated with degree of financial inclusion.

Identification of Barriers to Financial Inclusion Among Youth

In recent years there is an increasing research attention on youth and their transition to adulthood. In that transition they have increasing demand for financial products and services. If they are not financial included it may leave long-lasting consequences for their future independence and stability.The main goal of this research is to investigate and explain barriers to poor financial inclusion of youth in Federation of Bosnia and Herzegovina (FBiH), and make some recommendations for increasing their financial inclusion, and indirectly for strengthening their social inclusion. Implications of this study suggest that the main reason for being unbanked is because someone else in the family already has an account, or because they do not have enough money to use services of financial institutions. The results have revealed statistically significant relation between need for financial services at a formal institution and having a bank account, category of students’ financial knowledge and having a bank account, having a debit card and having a credit card. Research results can serve the economic and social policy makers in the FBiH in policy and strategy design.