Gold Open Access

Status and Challenges of Financial Inclusion: An Evidence from Rural Gujarat

Jeniskumar Chauhan(1Mail), Yogesh C. Joshi(2),
(1) G.H.Patel PG Institute of Business Management, Sardar Patel University, Vallabh Vidyanagar, India
(2) Faculty of management, G.H.Patel PG Institute of Business Management, Sardar Patel University, Vallabh Vidyanagar,, India

Mail Corresponding Author

Abstract


The benefits of economic development must reach to the bottom of the pyramid population. Therefore, it is imperative that population in rural areas is brought in the formal financial system in an economy like India. People whose living in rural or semi urban areas are deprived and underprivileged to get necessary formal financial products and services almost in all developing countries like India. Those living in rural areas still find it difficult to avail appropriate financial services in time, which act as an impediment in their effort to lead a healthy and better life. In any part of country supplying financial services to this vast and underprivileged segment of society is a challenging task. The paper is an attempt to study status of challenges of financial inclusion in selected rural areas of Gujarat. This study is intended to analyze current status of demand and supply side barriers of financial inclusion in selected rural areas of Gujarat state. The efforts for financial inclusion, through policy formulation and programme implementation will be studied and an attempt will be made to identify challenges in promoting financial inclusion in rural areas of Gujarat. The study will be based on primary data, Secondary data have also been used to substantiate results and identify government efforts in financial inclusion. Collected data have been analyzed using frequency analysis, percentage and use of SPSS. The conclusion will be used to suggest policy implications as well.


Keywords


Financial Inclusion; Rural Gujarat; Empowerment of Rural Population; Financial services; Financial Institutions

   

Article DOI



DOI: https://doi.org/10.33122/ijase.v1i5.122
       

Article Metrics

 Abstract views : 283 


   

Article Pages


Pages:

   

References


Anonymous. (2003) All India Debt And Investment Survey; Basic Statistical Return of SCBS (Reserve Bank Of India) March, Census Of India, 2001, Central Statistical Organization.

Beck, Thorsten and De La Torre, Augusto (2006). “The Basic Analytics Of Access To Financial Services†,World Bank Policy Research Working Paper No. 4026. Available at SSRN: https://ssrn.com/abstract=934963.

Beck, T. Kunt, A, D. And Peria, M.S.M. (2006)†Reaching Out: Access To and Use of - Banking Services across Countriesâ€, July, Accessed From. Www.Yearofmicrocredit.Org/Docs/Reaching_Out_Sept9.Pdf.

Chowdhury, B. (2007), “Financial Inclusionâ€, Bank Quest-The Journal of Indian Institute of Banking. & Finance, October- December.

Das, V (2006). “Financial Inclusion Initiatives†Inaugural Address For Delivered At The ‘National Conference On Financial Inclusion And Beyond: Issues And Opportunities For India ’. September 19-20.

India Now Business Economy (2017), India Brand Equity Foundation, Vol 03, Issue 04, Jan.

Laha Arindam And Kuri Pravat Kumar,†Demand For And Supply Of Financial Inclusion In India: An Inter-State Analysisâ€, Elk Asia Pacific Journal Of Finance & Risk Management pp 1-14.

Ramji, Minakshi. (2009),†Financial Inclusion in Gulbarga: Finding Usage In Accessâ€, New

Economics Foundation, Vol. 28 (No. 4), Pp. 53-76.

RBI Publication - Report on Trend and Progress of Banking in India 2016-17, Chapter IV- Credit Delivery and Financial Inclusion policy and progress.

Rangarajan C (2008), “Report Of the Committee on Financial Inclusionâ€.

Radha Krishan Sharma, Vishal Jain and Swati Gupta (2014), "Financial Inclusion In Rural Oman: A Demand And Supply Analysis ", International Journal Of Management And International Business Studies, ISSN 2277-3177 Volume 4, Number 3 (2014), Pp. 285-296.

Singh Charan (2014), “Financial Inclusion in India- Selected Issueâ€, RBI Working Paper No: 474, November.

Sadhankumar Chattopadhay (2011), “RBI Working Paper Seriesâ€, Department of Economic and Policy Research, July.

Sharma Anupama and Kukrejas Umita (2013), An Analytical Study: Relevance Of Financial Inclusion For Developing Nations, International Journal Of Engineering And Science ISSN: 2278-4721, Vol.2, Issue 6, Pp 15-20.

The Hindu (October 2016), “About 70 Per Cent Indians Live In Rural Areas: Census Report†New Delhi, July 15, 2011, Updated: October 01.

Vivekanandan, N.R (2013)., Financial Inclusion In India - A Path Towards Inclusive Economic Growth (April 30, 2013). Available At SSRN: https://Ssrn.Com/Abstract=2294779


Refbacks

  • There are currently no refbacks.


Copyright (c) 2019 Jeniskumar Chauhan, Yogesh C. Joshi

International Journal of Advances in Social and Economics (IJASE) | E-ISSN: 2685-2691