What Constrains Financial Inclusion in India? A Study Concerning the Emerging Indian Economy

By : Anurag Bhadur Singh

Page No: 1-14

Abstract
The goal of the current study is to examine various obstacles that stand in the way of financial inclusion in India. The study uses primary data gathered through a structured questionnaire from 300 households in the National Capital Region of India. Firstly, factor analysis was used to find out the various factors explaining financial inclusion. Non-parametric tests were also used to determine whether there is a statistically significant difference between the various groups. According to the findings, the majority of respondents own bank accounts with well-known financial institutions. The survey also discovered that there is a considerable disparity between rural and urban areas in terms of financial literacy, with urban areas performing far better than rural areas. However, the active usage of financial services by respondents remains low.

Author :
Anurag Bhadur Singh : Assistant Professor (SG), XIM University, Bhubaneswar, Odisha, India.
 

DOI: https://doi.org/10.32381/PROD.2023.64.01.1