Financial Inclusion in India Through Pradhan Mantri Jan Dhan Yojana : An Empirical Analysis of Statistical Evidence

Tripathi, Ravindra; Yadav, Nikhil; Shastri, Rajesh Kumar

doi:10.17010/ijf/2016/v10i10/103014

Cited by 6 publications

(2 citation statements)

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“…One of the most significant initiatives in this regard is the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme, launched in 2014, which aims to provide a bank account to every household in the country (Chowhan and Pande 2014). The PMJDY scheme has been highly successful, with over 430 million accounts opened so far, and has contributed to increasing the penetration of financial services in rural areas (Tripathi, Yadav, and Shastri 2016). The PMJDY provides basic banking services to the unbanked and underbanked population in India (Chowhan and Pande 2014).…”

Section: The Role-players Of Financial Inclusion In Indiamentioning

confidence: 99%

Gender Inequality and Financial Inclusion in South Africa: Lessons from India

Ncube

2023

JLSD

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This article examines the intersection of gender inequality and financial inclusion in South Africa, focusing on drawing lessons from India’s experience. Despite progress in financial inclusion initiatives in South Africa, women face systemic barriers to accessing financial services, including discriminatory policies and cultural attitudes. Through a comparative analysis of India’s efforts to promote financial inclusion and gender equality, this article identifies key strategies South Africa can adopt to address gender-based disparities in financial access. These strategies include promoting financial literacy among women, expanding access to formal financial institutions, and implementing policies that address the unique challenges women entrepreneurs face. By applying lessons from India, South Africa can take meaningful steps towards building a more inclusive financial system that empowers women and promotes gender equality.

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Section: The Role-players Of Financial Inclusion In Indiamentioning

confidence: 99%

Gender Inequality and Financial Inclusion in South Africa: Lessons from India

Ncube

2023

JLSD

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“…There are still needs that should be covered to make financial inclusion more efficient and user friendly (Reddy, 2016) Financial inclusion has a positive and important effect on the country's GDP, the number of bank branches, and credit deposit ratios, although there has been no significant impact in India in the case of ATM growth (Iqbal & Sami, 2017). Financial Inclusion increased after the implementation of Pradhan Mantri Jan Dhan Yojana (PMJDY), and the credit disbursement by banks and bank deposits increased (Tripathi & Yadav, 2016). Determinants of borrowing from formal sources have been identified, and being male, having a bank account, and higher educational qualifications are positively correlated with the likelihood of formal borrowing (Mukhopadhyay2016).…”

Section: Literature Studymentioning

confidence: 99%

Barriers to Financial Inclusion: An Ism Micmac Analysis

Kumar¹,

Shukla²,

Dubey³

2020

ijafr

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The policymakers should take a series of immediate actions to address the consequences of the Covid-19 pandemic in the path of the sustainable economy by reaching to every segment of the society to return the economy on track, financial inclusion (FI) is the only way to achieve the target. The study analyzes the obstacles in the path to achieve sustainable growth, which has been partitioned into two stages; the identification of barriers and investigation. The study has divided into three diverse stages: identification of barriers, interviews with specialists from industry, and framing an ISM model. Fifteen barriers have been identified in the achievement of goals of financial inclusion with four levels in ISM designed model. Not enough money, Lack of trust, High cost, Financial Illiteracy, Gender issues, Age factor, and Terms and conditions are factors of prime importance as they have very high driving as well as dependence power. Factors like Irregular income, Distance, and Legal identity are not showing a direct impact on other variables in the system, so these three factors may overlook by decision takers. Psychological and cultural barriers and Bank charges are very important barriers to high dependent driving power. These obstacles must require proper attention.

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Inclusive Finance, Gender Inequality, and Sustainable Economic Growth in Africa

Asiedu²,

Effah³

2022

J Knowl Econ

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Financial Inclusion in India Through Pradhan Mantri Jan Dhan Yojana : An Empirical Analysis of Statistical Evidence

Cited by 6 publications

References 0 publications

Gender Inequality and Financial Inclusion in South Africa: Lessons from India

Gender Inequality and Financial Inclusion in South Africa: Lessons from India

Barriers to Financial Inclusion: An Ism Micmac Analysis

Inclusive Finance, Gender Inequality, and Sustainable Economic Growth in Africa

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