Financial Inclusion Process in India: An Analysis

A successful development is marked with the establishment of a stable and useful financial system for the entire population. Indian government implemented many initiatives since independence for financial inclusion and recently launched Pradhan Mantri Jan-Dhan Yojana (PMJDY) to overcome the loopholes of previous initiatives. PMJDY is major financial plan with the objective of covering all households in the country with banking facilities along with inbuilt insurance coverage. With this background, the study has been conducted and tries to find out the success rate of inclusion process in rural areas of Jaipur district. For the purpose of the study, both primary data and secondary data have been collected. Correlation (r) test is used to find out the relationship between the socio economic backgrounds and the financial inclusion process. Findings show that Income, financial information from various channels and awareness of PMJDY are influential factors leading to inclusion. Nearness to banks increases the likelihood of inclusion.

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Mexico banking sector set to grow and diversify

Emerald Expert Briefings ◽

10.1108/oxan-db208387 ◽

2016 ◽

Keyword(s):

Economic Activity ◽

Banking Sector ◽

Bank Loans ◽

Financial Inclusion ◽

Foreign Banks ◽

Content Type ◽

Inclusion Process ◽

International Reputation ◽

Economic Slowdown ◽

Improve Access

Subject Mexico is becoming increasingly attractive to foreign banks. Significance Several banks from Europe and Asia are entering the Mexican banking sector to expand their presence in Latin America. Mexico offers them an attractive market in a region that has become much less so in recent years due to the commodities slump and the economic slowdown. Impacts A larger banking sector will facilitate economic activity and improve access to bank loans for businesses and households. The ability to attract more foreign banks will heighten Mexico's international reputation. Competition among banks will increase, benefitting companies and families as well as the financial inclusion process.

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Determining the Financial Inclusion Output of Banking Sector of Pakistan—Supply-Side Analysis

Economies ◽

10.3390/economies8020042 ◽

2020 ◽

Vol 8 (2) ◽

pp. 42

Author(s):

Fareeha Adil ◽

Abdul Jalil

Keyword(s):

Financial Services ◽

Banking Sector ◽

Time Series Data ◽

Financial Inclusion ◽

Series Data ◽

Supply Side ◽

Inclusion Process ◽

Consumer Loans ◽

The People ◽

The Times

Financial inclusion is the process of including the people who lack formal financial services. The concept of financial inclusion emerged globally in the times of millennium and is defined as the availability and usage of formal financial services. It essentially facilitates economic growth; the financially included individuals can invest in business, education, and entrepreneurship, which can pave way to poverty alleviation and economic development. In the context of Pakistan, a developing economy of South Asia, the financial landscape presents a grim picture of financial inclusion where only 16 percent of the population is financially included. Despite the current focus of policies and regulations devoted to enhancing access to finance in Pakistan from the supply side, the current state of financial inclusion is limited. Therefore, this study investigates the financial inclusion process for Pakistan from the supply side. We analyze the supply-side dimension of access by employing econometric technique of autoregressive distributive lag (ARDL) and using time series data of banking sector of Pakistan. Our empirical findings suggest that the greater the size, geographic outreach, and demographic outreach of the banks, the greater the contribution to the financial inclusion. Additionally, improvement in soft consumer loans and increase in small-sized advances reinforces the financial inclusion process.

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