Financial Inclusion Strategies for Inclusive Growth in India

Chandran, B.P. Sarath; Manju, T.K.

doi:10.2139/ssrn.1930980

Cited by 7 publications

(5 citation statements)

References 2 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Studies conducted by Sarath Chandra and Manju (2010), Beck et al (2007), and Sarma and Pais (2008) concluded that financial inclusion is both pro-poor as well as pro-growth. They pointed out that financial inclusion helps low-income households to access basic financial services like savings, credit and insurance, which, in turn, fosters their financial autonomy and thus amplifies economic growth.…”

Section: Review Of Literaturementioning

confidence: 99%

Impact of financial inclusion on poverty alleviation through cooperative banks

Lal

2018

IJSE

View full text Add to dashboard Cite

Purpose The purpose of this paper is to examine the impact of financial inclusion on poverty alleviation through cooperative banks. Design/methodology/approach In order to fulfil the objectives of the study, primary data were collected from 540 beneficiaries of cooperative banks operating in three northern states of India, i.e., J&K, Himachal Pradesh (HP) and Punjab using purposive sampling during July-December 2015. The technique of factor analysis had been used for summarisation of the total data into minimum factors. For checking the validity and reliability of the data, the second-order CFA was performed. Statistical techniques like one-way ANOVA, t-test and SEM were used for data analysis. Findings The study results reveal that financial inclusion through cooperative banks has a direct and significant impact on poverty alleviation. The study highlights that access to basic financial services such as savings, loans, insurance, credit, etc., through financial inclusion has generated a positive impact on the lives of the poor and help them to come out of the clutches of poverty. Research limitations/implications The study was conducted amidst few limitations. First, the in-depth analysis of the study is restricted to three northern states only because of limited resources and time availability. Second, the study is limited to the perception of financial inclusion beneficiaries only, which, in future, could be carried further on the perception of other stakeholders such as bank officials, business correspondents, village panchayats, etc. Originality/value The study makes contribution towards the financial inclusion literature relating to poverty alleviation and fulfils the research gap to some extent by assessing the impact of financial inclusion on poverty alleviation through cooperative banks. This paper can help the policymakers and other stakeholders of cooperative banks in promoting banking habits among poor rural households both at the national and international level.

show abstract

Section: Review Of Literaturementioning

confidence: 99%

Impact of financial inclusion on poverty alleviation through cooperative banks

Lal

2018

IJSE

View full text Add to dashboard Cite

show abstract

“…This can motivate MSEs to access finance and to carry on economic activities that can bring about MSEs financial wellbeing. Chandra and Manju (2010) affirms that when MSEs access financial products and services, they are opportune to carry out investments. This consequently leads to capital productivity and hence improved livelihoods (poverty alleviation).…”

Section: Financial Inclusion and Poverty Alleviation Conceptualized M...mentioning

confidence: 94%

“…He however, asserts that together we can and must implement an inclusive financial system that can improve the livelihoods of individuals (UNSG, Koffi Annan, 2003). When micro and small enterprises are opportune to access suitable finances, they can embark on investments that can result to poverty alleviation (Chandra and Manju, 2010).…”

Section: Financial Inclusion and Povertymentioning

confidence: 99%

Financial Inclusion and its Impact on Poverty Alleviation amongst Micro and Small Enterprises in Cameroon

Esowe¹

2023

BER

View full text Add to dashboard Cite

An inclusive and stable financial system promotes investments and a market driven economy which is productive and competitive. Appropriate financial access at an affordable cost is indispensable for the growth of MSEs as well as the financial wellbeing of the MSE operators. About 80% of the population in Cameroon operates in the informal sector, while about 98.5% of MSEs hardly have access to regulated finances, hence suffer from financial exclusion and poverty. This study seeks to analyze the extent to which financial inclusion can impact poverty alleviation among MSE operators in Cameroon. The relevant data for this study were sourced with the use of a closed ended structured questionnaire. Data analysis was by statistical inferences and modelling involving multiple regressions by the use of AMOS 24. The findings from the analysis reveals that financial knowledge and financial wellbeing have a significant positive influence on poverty alleviation amongst MSE operators in Cameroon. This study highlights that policy makers should promote the putting in place of financial literacy mechanisms and structures to facilitate the users of financial instruments better acquaint themselves with knowledge on the existent financial instruments as well as their proper usage.

show abstract

“…The effect of financial inclusion on community welfare through co-operatives remains undisputed . Therefore, the aforementioned gaps in the literature require current work and can help demonstrate the importance of co-operatives to policy makers and stakeholders.Financial inclusion is good and favors the poor, and encourages economic growth [17]. Financial inclusion benefits households with low incomes, which are more intensive in using basic financial services such as savings, credits, and insurances with the ultimate goal of increasing household financial independence [18].…”

Section: Research Frameworkmentioning

confidence: 99%

The Role of Financial Inclusion in Improving Community Welfare: A Study on Cooperative Business

Wijaya¹,

Tin²

2022

Proceedings of the First Lekantara Annual Conference on Public Administration, Literature, Social Sciences, Humanities, and Edu

View full text Add to dashboard Cite

Financial inclusion is an important financial intervention strategy for business entities, including cooperative businesses. This research examined the role of financial inclusion in improving community welfare through saving and loan cooperatives and the effect of education level as a moderating variable. The study was correlational using a hypothesis testing method. Primary data were collected through questionnaires distributed to saving and loan cooperative members in Jakarta and its surrounding areas. This study involved 139 respondents chosen purposively: cooperative members and at least graduated from high schools. The analysis employed Structural Equation Modeling (SEM). Findings show that financial inclusion plays a significant role in reducing poverty, with or without being moderated by the education level only on the usage dimension. On the other hand, financial inclusion is not proven to significantly reduce poverty on access and service dimensions.

show abstract

Financial Inclusion Strategies for Inclusive Growth in India

Cited by 7 publications

References 2 publications

Impact of financial inclusion on poverty alleviation through cooperative banks

Impact of financial inclusion on poverty alleviation through cooperative banks

Financial Inclusion and its Impact on Poverty Alleviation amongst Micro and Small Enterprises in Cameroon

The Role of Financial Inclusion in Improving Community Welfare: A Study on Cooperative Business

Contact Info

Product

Resources

About