Financial Inclusion among Slum Dwellers with Special Reference to Pradhan Mantri Jan Dhan Yojana in Bangalore City
Author: Dr. DIVYA.U
Publisher: Archers & Elevators Publishing House
Published:
Total Pages: 125
ISBN-13: 8119385284
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Financial Inclusion Schemes in India
Author: Firdous Ahmad Malik
Publisher: Springer Nature
Published: 2022-05-06
Total Pages: 182
ISBN-13: 9811913161
DOWNLOAD EBOOKThe exclusion of the destitute population from the formal financial system is a long-standing problem in India. This book examines the performance of financial inclusion policies in India to understand their impact on two urban vulnerable groups, Slum Dwellers and Beggars. This study includes analysis at the national level, the variables of the financial inclusion index like Penetration, Availability, and Usage from 2006 to 2020 from the world bank data set. Similarly, the authors examine five policies on financial inclusion by conducting a primary level survey on two urban capital cities of Lucknow and Kolkata, using a well-structured questionnaire for data collection. The authors uses two sampling techniques: simple random in the case of beggars, and stratified random in the case of slum dwellers. This book highlights the difference between financial access and non-access of household respondents in capturing the impacts of financial inclusion schemes on their socio-economic condition and financial behavior. The findings indicate that access to these schemes is extremely limited for the underprivileged population, such as beggars and slum dwellers. The analysis has shown that claims made by the government are not based on real-life occurrences. This book demonstrates that these programs have a negligible effect on life-deprived people. This book will be of interest to academia, policymakers, and society at large.
Financial Access of the Urban Poor in India
Author: Meenakshi Rajeev
Publisher: Springer
Published: 2017-03-22
Total Pages: 105
ISBN-13: 8132237129
DOWNLOAD EBOOKThis book focuses on the issue of financial exclusion with particular reference to the urban informal sector in India. Continuing the work of its predecessor, the current Government of India is also placing considerable importance on driving policy initiatives for financial inclusion. However, financial exclusion in urban areas, especially of the lower strata of the society has not received the attention it deserves from researchers and policymakers, even though urban poverty and deprivations are of considerable importance in the present Indian context. The challenges of financial inclusion and accessibility in the urban areas differ substantially from those found in the rural regions given the fact that the possibility of physical access to financial services is much higher in urban areas. In order to provide a macro perspective, the book begins with an analysis of the unit record data on nature and extent of financial inclusion and access to credit in urban India, based on Debt and Investment survey data (59th and 70th rounds) provided by the National Sample Survey Office (NSSO). In subsequent steps, the book discusses findings from a primary survey carried out in the state of Karnataka of self-employed persons engaged in informal services sector. This exercise has helped to comprehend the ways in which they currently meet their financial needs for different income generating purposes, the terms and conditions under which they do so, and the challenges that remained for possible interventions. Experiences of other developing nations in their attempts to ensure financial inclusion and the lesson learnt thereby are the other highlights of the book.
Financial Inclusion in India
Author: Surappa Naik
Publisher:
Published: 2024
Total Pages: 0
ISBN-13: 9789391844806
DOWNLOAD EBOOKStudy conducted in Bangalore Rural District of Karnataka, India.
Empirical Analysis of Financial Inclusivity Through Pradhan Mantri Jan Dhan Yojna in India - Business Correspondents' Perspective
Author: Renuka Deshmukh
Publisher:
Published: 2022
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKFinancial inclusion refers to the provision of banking services to a large segment of the unbanked population at a reasonable cost. In India, banks, the Government of India (GOI), and the Reserve Bank of India (RBI) have taken a variety of steps to promote financial inclusion, including the Product Based Approach, Bank Led Approach, Business Correspondents (BCs), and Simplified KYC Norms. Pradhan Mantri Jan Dhan Yojana is the world's largest financial inclusion initiative, launched by India's prime minister with the goal of making financial inclusion a national purpose. The ultimate goal of PMJDY is to reach out to the impoverished in order to get them into the official banking system. So far, 44.05 crore beneficiaries have been credited, with a balance of Rs. 147,812.21 crore in beneficiary accounts (14th Dec, 2021).The goal of this research is to look into various bank and government programmes related to financial inclusion in general and PMJDY in specific. Empirical research is carried out using both primary and secondary data. This research will also examine into business correspondents' observations of recipients' banking practises before and after the PMJDY. The Paired Sample t-test in SPSS was used for quantitative analysis.
Financial Inclusion
Author: Dr. S.R Keshava
Publisher:
Published: 2023
Total Pages: 0
ISBN-13:
DOWNLOAD EBOOKFinancial inclusion is the key driver of India's vision to achieve faster sustainable and more Inclusive growth (Twelfth five year plan). Hence financial inclusion is one of the policy priorities of the Government of India. The Government and Reserve Bank of India (RBI) has taken many initiatives towards achieving financial inclusion but the major breakthrough was achieved by implementing world largest financial inclusion drive Pradhan Mantri Jan Dhan Yojana (PMJDY). The success in recent financial inclusion drive is helping Government to implement many programmes like Direct Benefit Transfer, Digital India project and Cashless India Project has helped to reduce corruption. The purpose of this paper is to analyze the Progress of Financial inclusion in India and to assess the impact of financial inclusion on corruption through Direct Benefit Transfer. The total numbers of beneficiaries under DBT scheme was 63.22 crore during 2017-18.Till 2016-17 Government saved Rs. 57,029 Crore through Direct Benefit Transfer by increasing transparency, efficiency, reducing middlemen and transaction cost. Lack of Financial literacy, strict and fast punishment for corruption and inadequate infrastructure for safe electronic payment is the important challenge before Government. Minimization of corruption, tax evasion, black money is only possible through financial inclusion when people do less cash transaction and start using their bank account for all their financial transaction.
Social networks, mobility, and political participation: The potential for women’s self-help groups to improve access and use of public entitlement schemes in India
Author: Kumar, Neha
Publisher: Intl Food Policy Res Inst
Published: 2018-08-22
Total Pages: 53
ISBN-13:
DOWNLOAD EBOOKWomen’s self-help groups (SHGs) have increasingly been used as a vehicle for social, political, and economic empowerment as well as a platform for service delivery. Although a growing body of literature shows evidence of positive impacts of SHGs on various measures of empowerment, our understanding of ways in which SHGs improve awareness and use of public services is limited. To fill this knowledge gap, this paper first examines how SHG membership is associated with political participation, awareness, and use of government entitlement schemes. It further examines the effect of SHG membership on various measures of social networks and mobility. Using data collected in 2015 across five Indian states and matching methods to correct for endogeneity of SHG membership, we find that SHG members are more politically engaged. We also find that SHG members are not only more likely to know of certain public entitlements than non-members, they are significantly more likely to avail of a greater number of public entitlement schemes. Additionally, SHG members have wider social networks and greater mobility as compared to non-members. Our results suggest that SHGs have the potential to increase their members’ ability to hold public entities accountable and demand what is rightfully theirs. An important insight, however, is that the SHGs themselves cannot be expected to increase knowledge of public entitlement schemes in absence of a deliberate effort to do so by an external agency.
Poverty and Social Exclusion in India
Author:
Publisher: World Bank Publications
Published: 2011-01-01
Total Pages: 192
ISBN-13: 0821387332
DOWNLOAD EBOOKDespite India’s record of rapid economic growth and poverty reduction over recent decades, rising inequality in the country has been a subject of concern among policy makers, academics, and activists alike. Poverty and Social Exclusion in India focuses on social exclusion, which has its roots in India’s historical divisions along lines of caste, tribe, and the excluded sex, that is, women. These inequalities are more structural in nature and have kept entire groups trapped, unable to take advantage of opportunities that economic growth offers. Culturally rooted systems perpetuate inequality, and, rather than a culture of poverty that afflicts disadvantaged groups, it is, in fact, these inequality traps that prevent these groups from breaking out. Combining rigorous quantitative research with a discussion of these underlying processes, this book finds that exclusion can be explained by inequality in opportunities, inequality in access to markets, and inequality in voice and agency. This report will be of interest to policy makers, development practitioners, social scientists, and academics working to foster equality in India.
Financial Inclusion of Street vendors
Author: Aparna Samudra
Publisher: Mahi publication
Published: 2022-02-21
Total Pages: 120
ISBN-13: 9391556116
DOWNLOAD EBOOKOn the path of achieving inclusive growth and adhering to the Sustainable Development Goals 2030, which envisages inclusive and sustainable economic growth and decent work for all, the ground-level situation of this huge section of the informal sector in India needs to be mainstreamed into the economic policies. Studies estimate that 11% per cent of the urban workforce in India is engaged in street vending. The problems faced by these sellers are unique, as they struggle not only to make their ends meet by selling on the streets facing all vagaries of the whether but also many times are at the receiving end of the civic bodies and law enforcement agencies. The government in India has taken commendable initiatives to bring this informal sector into the formal financial sector through its financial inclusion. Pradhan Mantri Jan Dhan Yojana, the flagship financial inclusion scheme started by the Government in 2014 aims at assuring financial access to everyone without a bank account. The drive of financial inclusion does not stop just at opening an account but also aims to facilitate access to credit and micro insurance. This book will be good and resourceful reading for anyone interested to know about the global, national and regional status of the financial inclusion of street vendors and would initiate further discussions on the subject through the in-depth analysis of various critical issues covered in this book.
Microfinance, Debt and Over-Indebtedness
Author: Isabelle Guérin
Publisher: Routledge
Published: 2013-10-15
Total Pages: 337
ISBN-13: 1135047596
DOWNLOAD EBOOKAlthough microcredit programmes have long been considered efficient development tools, many forms of debt-induced distress have emerged in their wake. This has brought to light the problem of over-indebtedness, a topic which has been previously underexplored in the literature. This new book, from a group of leading scholars, explores the manifestations, scale, and economic and social implications of household over-indebtedness in areas conventionally considered as financially excluded. The book approaches debt not only as a financial transaction, but also as a form of social bond, and offers a socioeconomic analysis of over-indebtedness. The volume puts forward a broad definition of over-indebtedness, highlighting its situational and semantic complexity and diversity. It provides a close analysis of local conceptions of debt and over-indebtedness, highlighting frameworks of calculation and the constant renegotiation of their boundaries. On top of this, it looks far beyond microcredit to examine all the financial practices that individuals juggle. The volume argues that over-indebtedness has more to do with social inequalities than financial illiteracy, and should therefore be understood in the light of global trends of financialization. It also reveals the ambiguity of "financial inclusion" policies, and in many respects questions the actions of new credit providers. This book will be valuable reading for students, researchers and policy makers interested in microfinance and development issues.
