Finding Linkages Between Financial Literacy and Financial Inclusion Among Rural Women in Kerala
Finding Linkages Between Financial Literacy and Financial Inclusion Among Rural Women in Kerala

Author: Asha E. Thomas

Publisher:

Published: 2022

Total Pages: 0

ISBN-13:

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This study intends to clarify the relation between Financial Literacy and Financial Inclusion among marginalized community. Financial Literacy in this research is a latent variable, which is measured using Financial Knowledge, financial Behaviour and Financial Attitude. Participants of this study were 329 women from villages in the state of Kerala. Main results showed that financial literacy has a positive impact on financial inclusion among the selected population. The method used in the study is exploratory as it utilizes scoring of the variables. The collected data contains both the qualitative and quantitative data. Accordingly, the study uses both qualitative and quantitative techniques for the analysis of data. The statistical analysis comprised of two stages. The first stage examined the descriptive statistics of the measurement items and assessed the reliability and validity of the measure applied in this study. The second stage tested the proposed research model using Structural Equation Modeling technique and this involves assessing the contributions and significance of the manifest variables path coefficients.

Financial Literacy Among Rural Areas of North India
Financial Literacy Among Rural Areas of North India

Author: Harish Kumar Banga

Publisher: GRIN Verlag

Published: 2020-11-25

Total Pages: 25

ISBN-13: 334630423X

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Case Study from the year 2020 in the subject Business economics - Business Management, Corporate Governance, , language: English, abstract: This study analyzed the main differences in Financial literacy across different districts of Himachal Pradesh. The purpose was to understand Importance of financial Literacy among people of rural areas and to identify the differences in financial literacy based on the gender of rural areas. A questionnaire was designed including some financial knowledge-seeking questions. Descriptive analysis and one-way ANOVA were performed to identify the main factors for both genders.The researcher has considered in Himachal Pradesh as an area of study and that too in rural province of the area. It was observed in the process of study that nevertheless how much a female is educated or expert in financial matters they have to look forward to male members of the family for approving their decision regarding financial matters.

Financial Inclusion, Self-help Groups (SHGs) and Women Empowerment
Financial Inclusion, Self-help Groups (SHGs) and Women Empowerment

Author: Kartick Das

Publisher:

Published: 2013

Total Pages: 0

ISBN-13: 9788177083392

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Women's lack of economic empowerment not only impedes growth and poverty reduction, but also negatively impacts education and health outcomes for children. Thus, it is extremely important to ensure that women are economically empowered. Financial inclusion may be defined as the process of ensuring access to financial services and timely and adequate credit - where needed by vulnerable groups, such as women - at an affordable cost. India's Self-help Group (SHG)-Bank Linkage Program was launched in 1992 as a flagship program by the country's National Bank for Agriculture and Rural Development. The objective is to meet the financial needs of the poor by linking SHGs with the formal credit agencies. Financial inclusion of India's women can be best ensured through SHGs. This collection contains papers that provide valuable insights into the importance and functioning of SHGs to ensure financial inclusion and hence economic empowerment of women in India.

Self Help Groups, Financial Inclusion and Women Empowerment - A Critique
Self Help Groups, Financial Inclusion and Women Empowerment - A Critique

Author: Sowjanya Shetty

Publisher:

Published: 2015

Total Pages: 9

ISBN-13:

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In recent years financial inclusion has been given top priority as financial development and economic growth are interdependent. Women constitute almost half of country's population and their work participation is also increasing and diversifying and impacting her family, neighbourhood and the economy too. Notwithstanding their numerical strength women are still confined to a secondary status in social life, economic activities and decision-making processes. The Draft National Policy for Women in Agriculture (April 2008) prepared by National Commission for Women (NCW) stated that an estimated 20 per cent of rural households are defacto female headed due to widowhood, desertion or male-out-migration. This makes women economically vulnerable and both occupationally and socially, the victims of discrimination. Self-reliance through solidarity and productivity seems to be the way out of this human poverty. Financial inclusion therefore, could be a means to come out of poverty. Self-help Groups are considered to be the enabling mechanism in this regard. The most common group lending model under SHG movement in India at present is “SHG-Bank linkages”. Across regions and communities SHGs of women have improved their participation and saving capacity. When women have financial means, they invest that money back into their families resulting in better economic security. However, we need to know whether this impact translates to better social security in terms of health, education, equity etc. We argue that financial inclusion without social intermediation is a half attempt at women empowerment. Time has come to the 'nobleness' of group approach with 'ability' to cope with challenges and changes of the times. SHGs must be ready for new experiments for the sake of enhancing expertise in group management rather than be complacent with past experience. The objectives of this paper therefore, are to (i) critically examine the role and reach of SHGs towards empowerment, (ii) discuss the issues and initiatives in establishing linkages between the socio-economic dynamics and women's empowerment, and (iii) explore some strategies that may supplant or supplement the SHG initiatives and remove the imbalances that still remain in accomplishing total empowerment of women.

Financial Inclusion to Reach Out Rural Area
Financial Inclusion to Reach Out Rural Area

Author: Shanmugam Vasantha

Publisher: LAP Lambert Academic Publishing

Published: 2015-12-09

Total Pages: 92

ISBN-13: 9783659813368

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Financial inclusion is emerging as a primary concern for regulators and policy makers. It is a major driving force to achieve inclusive economic growth and it is one of the major objectives of eleventh five year plan. "Financial inclusion refers to providing financial services and timely, adequate credit to weaker sections and low income groups at an affordable cost." Government is taking so many initiatives to achieve hundred percent financial inclusions but it needs to cross many hurdles. The authors studied the financial literacy and the awareness of various financial services among rural people. The book highlights the banking habits and usage of banking services among the rural people. It also examines the awareness level of rural people towards usage of technology in accessing financial services. The authors have discussed the various challenges of financial inclusion to reach out rural people. Banks are not willing to open their branches in the rural area due to high operation cost and less amount of frequent transactions. Today the adoption of ICT in Indian banking sector may help the banks to reach out rural area at a reasonable cost.

Essays on Access to Finance, Financial Literacy and Development
Essays on Access to Finance, Financial Literacy and Development

Author: Rizwan Mushtaq

Publisher:

Published: 2017

Total Pages: 0

ISBN-13:

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The aim of this PhD dissertation is to examine both the supply and demand sideof financial inclusion. This research presents a comprehensive set of evidence regarding financial access at macro and micro levels. This thesis blends three essays where the third chapter provides insights on the crucial linkages between new technologies, financial inclusion and poverty. Findings have shown poverty and inequality reducing effects of financial inclusion based on cross country data. Moreover, it shows beneficial effects of new technologies in expansion of financial inclusion and poverty reduction. Fourth chapter argues that financial literacy is an important determinant of households' financial inclusion and welfare. Based on primary data it further suggests that the access toand use of new technologies increase the likelihood of financial inclusion. The objective of fifth chapter is to determine whether the adoption of new technologies promotes financial inclusion for SMEs in Pakistan. The analysis indicates the association between information and communication technologies (ICT) adoption and firm's access to finance,implying that firms with greater access to and use of new technologies are more likely to benefit from financial markets compared with the others. This research contributes to the literature on access to finance in a more extensive way by examining relatively modern dimensions such as ICTs, digital finance and mobile money. Moreover, this dissertation concentrates on the effects of financial development and ICT on poverty and inequality which is understudied branch in conventional finance-growth nexus.

Impacts of Financial Literacy on the Loan Decisions of Financially Excluded Households in the People's Republic of China
Impacts of Financial Literacy on the Loan Decisions of Financially Excluded Households in the People's Republic of China

Author: Angela C. Lyons

Publisher:

Published: 2019

Total Pages: 44

ISBN-13:

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Financial literacy is a key tool being used to bring economically vulnerable populations into the financial mainstream. Data from the 2013 China Household Finance Survey (CHFS) were used to investigate the impacts of various dimensions of financial literacy on the use of bank and non-bank loans among rural, illiterate, and migrant populations in the People's Republic of China. The findings show that the most vulnerable groups may be less likely to benefit from financial literacy, especially when it comes to usage of formal bank loans. Other factors such as those related to social networks and infrastructure may matter more than financial literacy. Results were found to vary across measures of financial literacy and financial inclusion. The findings suggest that barriers to access likely need to be overcome so that financial literacy can be more effective. The current study provides important insights for policy makers and international organizations designing national strategies to improve financial inclusion via financial literacy, especially for populations that have been traditionally excluded. Researchers are encouraged to reexamine previous definitions and measures of financial literacy and inclusion to develop a better understanding of the relationship between the two dimensions.