India’s policies on leveraging financial inclusion in the country

Mathew, Jaya; Kurian, Reeba

doi:10.1353/jda.2017.0112

Cited by 3 publications

(1 citation statement)

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“…Third, our analysis contributes to the evidence as to how dedicated policy thrust can drive the financial inclusion process. The Pradhan Mantri Jan Dhan Yojana (PMJDY), 3 a big-bang experiment by the government is seen as a watershed to drive the financial inclusion agenda (Government of India, 2014; Mathew and Kurian, 2017). Initiated in August 2014, the scheme sought to enable the opening of at least one basic banking account for every household within a 5-km distance of every village.…”

Section: Introductionmentioning

confidence: 99%

Financial Inclusion in India: Does Distance Matter?

Ghosh

2020

South Asia Economic Journal

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Employing a novel district-level survey data for India, the study investigates the impact of distance on financial inclusion. Using advanced econometric techniques, the findings indicate that distance primarily dampens the use of bank accounts as compared with access. These results are robust irrespective of whether distance is measured in terms of the time taken to reach the banking infrastructure or physical distance. These results are robust to a wide battery of robustness checks. The analysis suggests the need for policy strategies that can address the tyranny of distance towards achieving the financial inclusion goal.

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Section: Introductionmentioning

confidence: 99%