scholarly journals Poverty, wealth inequality, and financial inclusion among castes in Hindu and Muslim communities in Uttar Pradesh, India

2022 ◽  
Author(s):  
Chhavi Tiwari ◽  
Srinivas Goli ◽  
Mohammad Zahid Siddiqui ◽  
Pradeep Salve
Keyword(s):  
Survey Data ◽  
Financial Services ◽  
Uttar Pradesh ◽  
Wealth Inequality ◽  
Financial Inclusion ◽  
Wealth Accumulation ◽  
Vicious Cycle ◽  
Muslim Communities ◽  
First Time ◽  
Cycle Of Poverty

This study estimates poverty, wealth inequality, and financial inclusion, for the first time, at the sub-caste level in both Hindus and Muslims using a unique survey data collected from 7124 households in Uttar Pradesh, India, during 2014-2015. The results confirm the existing hypothesis that Brahmins, Thakurs, and other Hindu general castes have higher wealth accumulation, lower poverty, and lesser exclusion from formal financial services than Dalits. Exclusion from formal financial services forces Dalits to depend primarily on informal financial sources for borrowing—which leads to financial misfortune and further dragging them into a vicious cycle of poverty.

Quality financial inclusion and its determinants in South Africa: evidence from survey data

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Kudakwashe Joshua Chipunza ◽  
Ashenafi Fanta
Keyword(s):  
South Africa ◽  
Survey Data ◽  
Financial Services ◽  
Ordinary Least Squares ◽  
Financial Inclusion ◽  
Least Squares Regression ◽  
Content Type ◽  
Demographic Groups ◽  
Financial Products ◽  
Data Limitations

PurposeThe study measured quality financial inclusion, a more comprehensive measure of financial inclusion, and examined its determinants at a consumer level in South Africa.Design/methodology/approachThis study leveraged on FinScope 2015 survey data to compute a quality financial inclusion index using polychoric principal component analysis. Subsequently, a heteroscedasticity consistent ordinary least squares regression model was employed to assess determinants of quality financial inclusion.FindingsThe empirical findings indicated that gender, education, financial literacy, income, location and geographical proximity determine quality financial inclusion. These findings could inform policymakers and financial services providers on how quality financial inclusion can be promoted through tailoring financial products for various socio-demographic groups.Research limitations/implicationsDue to data limitations, the study was confined to South Africa and did not capture digital financial inclusion. Hence, future studies could replicate the study in Sub-Saharan Africa's context and compute an index that captures digital financial inclusion.Practical implicationsThese findings could inform policymakers and financial services providers on how quality financial inclusion can be promoted through tailoring financial products for various socio-demographic groups.Originality/valueThis study proposed a more comprehensive measure of quality financial inclusion from a demand-side perspective by accounting for important dimensions that include diversity, affordability, appropriateness and flexibility of financial products and services.

Understanding FinTech and Decentralized Finance (DeFi) for Financial Inclusion

2022 ◽  
pp. 1-13
Author(s):  
Andrei Dragos Popescu
Keyword(s):  
Social Problem ◽  
Financial Services ◽  
Paradigm Shift ◽  
Financial Inclusion ◽  
Underserved Population ◽  
Finance Industry ◽  
Long Period ◽  
Financial Exclusion ◽  
Cycle Of Poverty ◽  
Financial Technology

For a very long period of time, financial inclusion researchers have been addressing the barriers that prevent unprivileged people from accessing and using financial services. Financial exclusion is an underlying social problem that dates from the creation of the first financial system. Without the access to the banking and financial infrastructures, the unbanked are perpetuating a vicious cycle of poverty. Blockchain is leading this transformation of allowing unbanked and underbanked people to have access and interact with the finance industry. The promise of a digital economy is starting to take shape, as financial technology (FinTech) companies are evolving the concept of democratization of access. Decentralized finance (DeFi) is expanding the possibilities of financial technology by creating an ecosystem based on transparency, accessibility, and efficiency. We are witnessing a paradigm shift for most of the financial services which are remodeling the accessibility and usability of these services, addressing the excluded and underserved population.

A Cross Country Study of Financial Inclusion and Economic Development with Special Emphasis on India

2021 ◽  
pp. 11-24
Keyword(s):  
Financial Literacy ◽  
Financial Services ◽  
Empirical Relationship ◽  
Uttar Pradesh ◽  
Developed Countries ◽  
Financial Inclusion ◽  
Correlation And Regression Analysis ◽  
The North ◽  
North Eastern ◽  
Developed Nations

Policymakers generally associate financial inclusion with economic growth and poverty alleviation. This paper explores the empirical relationship between the Human Development Index (HDI) and Index of Financial Inclusion (IFI) across 128 countries using correlation and regression analysis in STATA. The study revealed their interdependence and showed that developed nations (with high incomes and HDI Ranks) had greater inclusion than less-developed countries. Other socioeconomic variables, including per-capita income, urbanization, and literacy rate, also exhibited a strong correlation. Hence, reducing inequalities and focusing on the inclusion of certain sections of society (especially rural, poor, women, and farmers) in the financial system is crucial. Structured programs by RBI, Government, and NGOs can help to improve financial literacy. Deeper penetration of financial services in specific states (Bihar, Uttar Pradesh, Jharkhand, and the North-Eastern States) and enhanced internet connectivity will also be helpful.

Potential and Pitfalls of Ethnic Marketing in Financial Services in Belgium

2015 ◽  
pp. 127-151
Author(s):  
Joyce Koeman ◽  
David Bassens
Keyword(s):  
Financial Institutions ◽  
Financial Services ◽  
Interdisciplinary Research ◽  
Research Agenda ◽  
Financial Inclusion ◽  
Ethnic Marketing ◽  
Marginalized Groups ◽  
Financial Exclusion ◽  
Commercial Opportunity ◽  
Muslim Communities

Access to financial services constitutes an important prerequisite for participation in increasingly financialized societies and economies; however, financial exclusion remains commonplace among socio-economically weaker groups. In this chapter, the authors examine the role financial institutions could play in bridging such socio-ethnic divides in the context of Brussels as a commercial opportunity arises for institutions that are willing and able to cater, for instance through Islamic modes of finance, to relatively underserved Muslim communities. The chapter integrates and mirrors ethnic marketing literature and recent debates in geography about financial inclusion to discuss the obvious tensions that further financialization of economically weaker and culturally marginalized groups in society brings along. Doing so, the authors identify key societal trends at the interface of ethnic marketing and the propagation of “alternative” forms of finance and conclude with suggestions for an interdisciplinary research agenda.

scholarly journals STATUS OF FINANCIAL INCLUSION IN HILLY RURAL AREAS OF UTTARAKHAND: A COMPARATIVE STUDY OF PAURI, CHAMOLI AND RUDRAPRAYAG DISTRICT

2020 ◽  
Vol 15 (1) ◽  
Author(s):  
Prashant Kandari
Keyword(s):  
Rural Areas ◽  
Financial Services ◽  
Uttar Pradesh ◽  
The State ◽  
Financial Inclusion ◽  
Primary Data ◽  
Area Deprivation ◽  
Rural Regions ◽  
Financial Exclusion ◽  
The Status

Hill Rural regions of Uttarakhand are inherent part of the state and were the prominent reason on the basis of which Uttarakhand state was carved out of Uttar Pradesh. Unfortunately the underdevelopment of these regions due to the aspect of ‘Area Deprivation’ associated with them has led to emergence of prominent problems like unemployment, lack of income generating opportunities and poverty leading further to a major problem of rural outmigration from them. To raise the economic condition of households of these regions it is important to enhance the income generating opportunities and to provide financial services which could cover up the majority of population with the social security net. The major way out to achieve them is through increase in financial inclusion. The present study through help of primary data examines the level of financial inclusion in the hill rural regions of Uttarakhand for which FII is computed on the basis of 4 dimensions of financial inclusion. The FII of the rural regions of development blocks of hill districts is compared with the FII of the all Indian rural households to examine the status of financial exclusion in hill rural regions of the state.

Financial Inclusion, Human Capital, and Wealth Accumulation: Evidence from the Freedman’s Savings Bank

2020 ◽  
Vol 33 (11) ◽  
pp. 5333-5377 ◽  
Author(s):  
Luke C D Stein ◽  
Constantine Yannelis
Keyword(s):  
Human Capital ◽  
Instrumental Variables ◽  
Financial Services ◽  
Financial Inclusion ◽  
Free Blacks ◽  
Wealth Accumulation ◽  
Placebo Effects ◽  
Bank Branches ◽  
Positive Effects ◽  
Savings Bank

Abstract This paper studies how access to financial services among a previously unbanked group affects human capital, labor market, and wealth outcomes. We use novel data from the Freedman’s Savings Bank—created following the American Civil War to serve free Blacks—employing an instrumental variables strategy exploiting the staggered rollout of bank branches. Families with accounts are more likely to have children in school, be literate, work, and have higher occupational income, business ownership, and real estate wealth. Placebo effects are not present using planned but unbuilt branches, or for Whites, suggesting significant positive effects of financial inclusion.

FIRST RECORD OF MANTIDS (MANTODEA: INSECTA) FROM INDIA

2018 ◽  
Vol 24 (1) ◽  
Author(s):  
SHVETA PATEL ◽  
RAJENDRA SINGH
Keyword(s):  
Uttar Pradesh ◽  
First Record ◽  
Target Area ◽  
Extensive Survey ◽  
First Time

Extensive survey of mantids in the northeastern Uttar Pradesh was conducted. Two mantid species were recorded for the first time from the target area, viz.: Pyrgomantis pallida, 1917 and Bactromantis mexicana.

scholarly journals Financial Inclusion and Firms Growth in Manufacturing Sector: A Threshold Regression Analysis in Selected Asean Countries

Economies ◽  
2020 ◽  
Vol 8 (4) ◽  
pp. 80
Author(s):  
Rosmah Nizam ◽  
Zulkefly Abdul Karim ◽  
Tamat Sarmidi ◽  
Aisyah Abdul Rahman
Keyword(s):  
Financial Services ◽  
Firm Growth ◽  
Manufacturing Sector ◽  
Threshold Level ◽  
Financial Inclusion ◽  
Manufacturing Firm ◽  
New Findings ◽  
Asean Countries ◽  
The Impact ◽  
Threshold Point

This paper examines the effect of financial inclusion on the firm growth of the manufacturing sector (513 firms) in selected ASEAN countries (Malaysia, Philippines, and Vietnam) using a cross-section threshold estimation technique. The levels of financial inclusion across firms were measured based on the distribution of financial services (access to credit). The main findings revealed that there is a non-monotonic effect of financial inclusion on the firm’s growth. These findings show that the impact of financial inclusion on firm growth in the manufacturing sector is significantly positive below a threshold point, and turns to significantly negative after a certain threshold point has been reached. These new findings suggest that manufacturing firm owners and banking institutions should deepen their financial inclusion efforts, and limit the distribution of credit access within the optimum value or threshold level in promoting the growth of the firm.

scholarly journals Cyanophycean Algae from Eastern Uttar Pradesh, India

2009 ◽  
Vol 13 ◽  
pp. 35-39 ◽  
Author(s):  
P. K. Mishra ◽  
R. K. Mehrotra ◽  
Madhulika Shukla ◽  
Jai Prakash ◽  
Purnima Mishra
Keyword(s):  
Uttar Pradesh ◽  
Eastern Uttar Pradesh ◽  
First Time

In the present paper 10 Cyanophycean algae belonging 10 genera have been described from eastern U.P. The genera described are: Chroococcus, Microcystis, Aphanothece, Arthrospira, Spirulina, Lyngbya, Anabaena, Rivularia, and Gloeotrichia. All these forms are being reported for the first time from eastern U.P., India.doi: 10.3126/eco.v13i0.1627Key words: Cyanophycean algaeEcoprint (An International Journal of Ecology) Vol. 13, No. 1, 2006 Page: 35-39

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