Published November 30, 2023 | Version CC-BY-NC-ND 4.0
Journal Open

Examining the Financial Inclusion Index to Determine the Financial Inclusion Status in India

Authors/Creators

  • 1. Ph.D. Research Student, Department of Economics, Swami Ramanand Teerth Marathwada University, Nanded City (Maharashtra), India.

Description

Abstract: Globally, the issue of financial inclusion is crucial, especially in poorer nations where access to financial services is frequently constrained. To increase financial inclusion in India, the government has put some laws and programmes in place, but it is crucial to evaluate their success and pinpoint areas for development. This study focuses on the financial inclusion initiatives and policies that have been put into place in India. The research evaluates the homogeneity/contrast of government actions and the interaction of the banking sector with society. A descriptive analysis method and secondary data from RBI reports and Fi indicators of World Bank were used. The results of this study imply that the government's programme has made some progress towards boosting access to financial services, particularly in rural areas. This study outlines areas for emphasising increased financial inclusion in India. Future actions could include improving underprivileged demographics' access to financial services.

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Additional details

Identifiers

DOI
10.54105/ijef.B2559.053123
ISSN
2582-9378

Dates

Accepted
2023-05-15
Manuscript received on 25 February 2023 | RevisedManuscript received on 18May 2023 | Manuscript Accepted on 15 May 2023 | Manuscript published on 30 November 2023

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