A GLIMPSE INTO THE LEVEL OF FINANCIAL INCLUSION IN TRIPURA

The term ‘Financial Inclusion’ signifies a process of ensuring delivery of financial services as well as banking services to the vulnerable groups at the point of need, adequately at an affordable cost. The concept of ‘Financial Inclusion’ was accentuated in 2003 by Kofi Annan, former General Secretary of United Nations. Such, efforts were undertaken by the Reserve Bank of India (RBI) in 2005 and the said policy as already mentioned in a pilot project was first implemented by Indian Bank. Probably, by implementing such policy resolution a vast section of the rural disadvantaged people in India was gradually coming under the ambit of formal banking services. The main aim of this paper is to assess the level of financial inclusion in Tripura based on composite Index. The study conducted in the four districts of Tripura state. The present study relies on secondary data. Secondary data collected from State Level Bankers’ Committee Reports, NEDFi databank, Economic Reviews and RBI Annual Reports. Through this paper Index of Financial Inclusion (IFI) has been used to assess the level of financial inclusion in Tripura.

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(The Role of Financial Inclusion in Providing Protection to Beneficiaries of Financial Services in the Palestinian Banking Sector (2013/2017: دور الشمول المالي في توفير الحماية للمستفيدين من الخدمات المالية في القطاع المصرفي الفلسطيني- الفترة (2013- 2017)

المجلة العربية للعلوم ونشر الأبحاث مجلة العلوم الاقتصادية والإدارية والقانونية ◽

10.26389/ajsrp.y090219 ◽

2019 ◽

Vol 3 (6) ◽

Author(s):

Yasser Ahmed Shaheen

Keyword(s):

Consumer Protection ◽

Financial Services ◽

Financial Stability ◽

Banking Sector ◽

Secondary Data ◽

Financial Education ◽

Financial Inclusion ◽

Banking Services ◽

Degree Of Protection

The study aimed at examining some of the indicators of financial inclusion in the Palestinian banking sector through published secondary data on the Palestinian banking sector during the period (2013- 2017), as well as to measure the degree of protection for beneficiaries of financial services in the Palestinian banking sector. The researcher used the descriptive analytical method to suit the purposes of the study. The secondary data published and prepared by the researcher were used to examine the state of financial coverage in the banking sector. A questionnaire has been designed for the purpose of collecting preliminary data regarding the level of protection provided by the banking sector to users of financial banking services through 8 areas of protection developed after reference to literature and previous studies. The study population consisted of all the beneficiaries of banking financial services in the West Bank. In view of the large size of the study society, a soft sample of (100) conditional on the characteristics of the respondents was used in terms of (banking culture, years of experience in dealing with banks, Sectoral& banking diversification).The researcher reached the following results: - The Palestinian banking sector promotes the reality of financial inclusion, which contributes significantly to enhancing financial stability. Where banks are strengthening protection for users of banking services, although the level of protection was average (2.78) overall score through the eight areas covered by the study. - The regulatory and supervisory role of the Palestinian Monetary Authority in this important sector was medium. Consumer protection bodies are required to have an active and proactive role to organize the required protection. The researcher recommended the importance of financial education to improve the financial personality of individuals and institutions, help them understand their rights and duties in dealing with the services discharged, the importance of the consumer protection associations roles in enhancing banking protection.

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A Study on Role of Financial Inclusion on Regional rural Banks with Reference to Kerala Gramin Bank

Asian Journal of Management ◽

10.52711/2321-5763.2021.00017 ◽

2021 ◽

pp. 115-119

Author(s):

Jithu George ◽

Rashmi. R

Keyword(s):

Correlation Analysis ◽

Low Income ◽

Financial Services ◽

Secondary Data ◽

Financial Inclusion ◽

Vulnerable Groups ◽

Easy Access ◽

Dependent Variables ◽

Low Income Groups

In simple words financial inclusion is defined as “the process of ensuring access to financial services and timely and adequate credit where needed by vulnerable groups such as weaker sections and low income groups at an affordable cost” (Rangarajan, 2008). The main aim of financial inclusion (FI) is to provide easy access to financial services to the underprivileged population of country. It is an attempt to raise the underprivileged population by making available of finance and there by achieving inclusive growth. This paper studies the financial inclusion of regional rural banks in Kerala. Both primary and secondary data used for the study.197 respondent’s data were collected through questionnaire and surveys. The research methodology used in this study was correlation analysis and descriptive statistics. The result of the correlation analysis shows there is positive correlation between independent and dependent variables also the peoples were aware about the inclusions that introduced and newly adapted by the banks. So, the aim of this study is to understand the various financial inclusion measures taken and its impact on creating awareness, benefits and better services to its customers by KGB.

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ANALISIS INKLUSI KEUANGAN DAN PEMERATAAN PENDAPATAN DI INDONESIA

JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN ◽

10.29244/jekp.4.1.1-27 ◽

2018 ◽

Vol 4 (1) ◽

pp. 1-27

Author(s):

Bintan Badriatul Ummah ◽

Nunung Nuryartono ◽

Lukytawati Anggraeni

Keyword(s):

Income Inequality ◽

Income Distribution ◽

Mobile Phone ◽

Financial Services ◽

Secondary Data ◽

Financial Inclusion ◽

The Internet ◽

Tobit Regression ◽

Banking Services ◽

The Relationship

Recent study showed that increasing access and usage of banking services reduce income inequality. Nowdays banking access in Indonesia is increasing but income equality gap is widening. Therefore, by using secondary data from 33 provinces 2007- 2011, this paper aims to measure the level of access and usage for financial services across provinces in Indonesia by Index of Financial Inclusion, analyze the factors that affect financial inclusion by panel tobit regression, and describe the relationship between financial inclusion and income distribution in Indonesia. The results show that the level of financial inclusion in Indonesia is classified as low. The size of the economy and income inequality positively affect the level of financial inclusion. Opposite the research hypothesis, widening income inequality lead to higher financial inclusion in Indonesia. Moreover, the number of mobile phone and the internet user affect positively the level of financial inclusion in Indonesia. Income inequality and financial inclusion has a one-way relationship, income inequality affects financial inclusion in Indonesia but does not vice versa. Keywords : Financial Inclusion, income inequality

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Financial Inclusion Disclosure: Empirical Evidence From Banking Industry Of Bangladesh

Global Journal of Business Economics and Management Current Issues ◽

10.18844/gjbem.v11i1.4970 ◽

2021 ◽

Vol 11 (1) ◽

pp. 27-41

Author(s):

Shaily Das

Keyword(s):

Financial Services ◽

Commercial Banks ◽

Banking Sector ◽

Stock Exchange ◽

Financial Inclusion ◽

Annual Reports ◽

Commercial Development ◽

Banking Services ◽

Rural Credit ◽

Bank Disclosure

Financial inclusion refers to the procedure of making financial services accessible to all individuals and businesses at reasonable costs. Financial inclusion strives to address the constraints that retard people from participating in the financial sector. It has been drawn much attention for its contribution to economic and commercial development, raising inclusive growth, minimizing income inequality all over the world, especially in developing countries like Bangladesh. Central Bank of Bangladesh (Bangladesh Bank) formulated a financial inclusion policy in 2009 intending to make banking services available to unbanked people. This study examines the Financial Inclusion Disclosure by 30 Banks (5 state-owned banks and 25 private commercial banks) of Bangladesh, which are listed in the Dhaka Stock Exchange during the period 2015-2019. The objective of the study is to analyze the activities of the banking sector of Bangladesh for making banking services available to unbanked people. For that purpose, annual reports of the selected banks have been studied, and findings are demonstrated through graphs. According to the study findings, priority areas of financial inclusion include school banking, agent banking, street children account,10 taka farmers account, SME financing, rural credit, women entrepreneur loan, etc. This study also shows the prospects of financial inclusion, financial inclusion issues that are highly emphasized, barriers to financial inclusion, and initiatives needed to overcome these barriers. This study findings depict that the financial inclusion performance of state-owned banks of Bangladesh is relatively better than those of private commercial banks, and inclusion actions are increasing with time. Policymakers might use these findings and also the banks to ensure no eligible person remains unbanked. Keywords: Bangladesh Bank; disclosure; financial inclusion; unbanked people

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EFFECT OF MOBILE MONEY SERVICES ON KENYA’S FINANCIAL INCLUSION

International Journal of Finance and Accounting ◽

10.47604/ijfa.939 ◽

2019 ◽

Vol 4 (2) ◽

pp. 1

Author(s):

Vincent Wakaba ◽

Dr. Joshua Matanda Wepukhulu

Keyword(s):

Financial Services ◽

Social Scientist ◽

Secondary Data ◽

Target Population ◽

Financial Inclusion ◽

Unique Contribution ◽

Banking Services ◽

Mobile Money ◽

Review Period ◽

Statistical Approaches

Purpose: The main objective was to determine the effect of Key mobile money services on financial inclusion in Kenya. Materials and Methods: The study adopted a census research design. The target population was limited to the 4 firms (Safaricom, Airtel, Equity and Telkom) providing mobile money services in Kenya. The study relied on secondary data. The study review period was between 2013 and 2018. Descriptive statistical approaches, regression and correlation analysis was used to analyze secondary data. Data was analyzed quantitatively by use of SPSS (Statistical Package for Social Scientist) V21 program. Results: The study established that the Mobile money deposit services, Mobile money saving services, Agency banking services and Mobile bill payment services positively and significantly affected Kenya’s financial inclusion. Unique contribution to theory, practice and policy: The study recommends that the providers of mobile money services should increase accessibility of these services to citizens since their continued usage leads to positive and significant growth of Kenya’s financial inclusion. The providers can achieve this by encouraging many citizens to be their agents in offering the services. Availability of many agents acting on behalf of the mother company in various parts of the country increases the levels of access of the financial services. Key words: Deposit Services, Saving Services, Agency Banking Services, Mobile Money Financial Inclusion

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Financial Inclusion in India

Artha - Journal of Social Sciences ◽

10.12724/ajss.53.3 ◽

2020 ◽

Vol 19 (2) ◽

pp. 37-51

Author(s):

Simon Thermadam

Keyword(s):

Low Income ◽

Financial Services ◽

Financial Inclusion ◽

Vulnerable Groups ◽

Bank Account ◽

Banking Services ◽

Marginalised Groups ◽

Low Income Groups ◽

The Government ◽

Major Factors

Financial inclusion, the process of ensuring access to financial services along with timely and adequate credit where needed by vulnerable groups, helps the weaker sections and low-income groups in different ways. With an active intervention of the government, a large number of the unbanked segments of the society could be included in various financial services in the last few years. As a result, the number of bank accounts has been increasing. Members from the marginalised groups, women, etc. are some of the direct beneficiaries of financial inclusion. By utilizing micro data of World Bank, ‘Global Financial Inclusion (Global Findex) Database 2017, the author observes that socio-economic factors, like educational level, age group, and employment have an important role in determining one’s access to banking services. But some problems arise when the account holders do not utilize the banking facilities properly, especially when a majority stays idle. Lack of money is still considered one of the major factors for a lack of interest in holding a bank account. The ownership of bank account by other members in the same family also stops many from opening a bank account. The government has to take active measures to solve these issues. Moreover, the remaining unbanked sections of the society have to be included in the financial services, by solving the various reasons cited.

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ANALISIS INKLUSI KEUANGAN DAN PEMERATAAN PENDAPATAN DI INDONESIA

JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN ◽

10.29244/jekp.4.1.2015.1-27 ◽

2018 ◽

Vol 4 (1) ◽

pp. 1-27

Author(s):

Bintan Badriatul Ummah ◽

Nunung Nuryartono ◽

Lukytawati Anggraeni

Keyword(s):

Income Inequality ◽

Income Distribution ◽

Mobile Phone ◽

Financial Services ◽

Secondary Data ◽

Financial Inclusion ◽

The Internet ◽

Tobit Regression ◽

Banking Services ◽

The Relationship

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Analisis Kinerja Keuangan Perusahaan dengan Menggunakan Pendekatan Economic Value Added (EVA) dan Market Value Added (MVA) (Studi Kasus pada PT Astra International, Tbk. Periode Tahun 20082012)

Business and Finance Journal ◽

10.33086/bfj.v1i1.460 ◽

2017 ◽

Vol 1 (1) ◽

Author(s):

Abdul Hamid

Keyword(s):

Financial Performance ◽

Financial Services ◽

Stock Price ◽

Economic Value ◽

Composite Index ◽

Value Added ◽

Secondary Data ◽

Study Approach ◽

Market Value Added ◽

The Interest Rate

This study is a qualitative study using a case study approach to the PT. Astra International, Tbk. The object of this research is PT. Astra International, Tbk. PT. Astra International, Tbk is a company engaged in six business sectors, namely: automotive,financial services, heavy equipment, mining and energy, agribusiness, information technology, infrastructure and logistics. Researchers chose PT. Astra International, Tbk as research objects due in the year 2012, PT. Astra International, Tbk managed to rank first in the list of 100 Best Companies to Go Public by the 2011 financial performance of Fortune magazines Indonesia. The data used in this research is secondary data, the financial statements. Astra International, Tbk 20082012. Other secondary data used is the interest rate of Bank Indonesia Certificates (SBI), the Jakarta Composite Index (JCI), and thecompanys stock price began the year 20082012. This study aims to determine the companys financial performance by the use of EVA and MVA approach, therefore the data analysis technique used is the EVA and MVA. Based on the value EVA of the year 2008 2012, PT. Astra International, Tbk has good financial performance that managed to meet the expectations of the company and the investors. Based on the value of MVA during the years 20082012, PT. Astra International, Tbk managed to create wealth and prosperity for companies and investors. It concluded that financial performance. AstraInternational, Tbk for five years was satisfactory.

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Improving the Use of Islamic Banking Services in Financing Investment Projects in Uzbekistan

Revista Gestão Inovação e Tecnologias ◽

10.47059/revistageintec.v11i2.1869 ◽

2021 ◽

Vol 11 (2) ◽

pp. 2205-2220

Author(s):

Dilmurod Yusupaliyevich Khujamkulov ◽

Ruhiddin Khusniddin Ogli Zayniddinov ◽

Dilmurod Rakhmatullayevich Ergashev ◽

Mamajon Akhmatjonovich Mamatov ◽

Khusniddin Fakhriddinovich Uktamov

Keyword(s):

Financial Services ◽

Financial Inclusion ◽

The Other ◽

Islamic Banking ◽

Major Objective ◽

Banking Services ◽

Investment Projects ◽

Conventional Banks ◽

Religious Reasons ◽

Formal Finance

Financial inclusion is remained low level by the majority of households and firms in Uzbekistan, instead of using formal finance, they are more partial to save and borrow informally. In this case, both indicate the high cost of finance as the top reason for not using it. Moreover, households, which are mostly Muslim, declare that religious reasons prevent them from using formal finance, as only conventional finance is available. The result of the survey was passed between a number of households and entrepreneurs that most of them claimed to use Islamic banking products. On the other hand, there are not created main mechanisms, infrastructure, and other important devices to regulate Islamic banking services in the country. The major objective of this study was to investigate there were used some Islamic banking products under some conventional banks for two decades and we have discussed the empirical experiences in Uzbekistan as well as given recommendations for improving the use of Islamic financial services related to foreign experiences and the result of the survey.

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An Empirical Analysis of the Impact of Agency Banking on Financial Inclusion in Benue State, Nigeria: Implications for Economic Activities

International Journal of Economics and Finance ◽

10.5539/ijef.v14n2p75 ◽

2022 ◽

Vol 14 (2) ◽

pp. 75

Author(s):

David Terfa Akighir ◽

Tyagher Margaret ◽

Jacob Terungwa Tyagher ◽

Tordue Emmanuel Kpoghul

Keyword(s):

Financial Literacy ◽

Financial Services ◽

Structural Equation ◽

Structural Equation Models ◽

Survey Design ◽

Secondary Data ◽

The State ◽

Financial Inclusion ◽

Economic Activities ◽

The Impact

Twelve (12) out of the Twenty-three (23) local government areas (LGAs) in Benue State do not have the presence of banks over a long period of time. This situation has deprived the inhabitants of these LGAs of access to formal financial services until the advent of agency banking. This study therefore, investigates the impact of agency banking on financial inclusion and economic activities in Benue State focusing on the agency banking activities of First Bank Ltd. The study is anchored on the agency theory and it used a survey design. The study has utilized both primary and secondary data that were analyzed using descriptive statistical tools and structural equation models. Findings of the study have revealed that agency banking activities of First Bank Ltd have immensely enhanced financial inclusion and economic activities in Benue State. However, challenges such as shortages of cash, security problems, network failures, and lack of financial literacy are militating against the smooth operations of the agency banking in the State. On the basis of these findings, the study has recommended among others that, other banks operating in the State should be encouraged to venture into agency banking in the state so as to have a wider coverage of agency banking in the State. Also, government should provide security and partner with the private sector to provide national carrier communication network system to overcome the network failure challenge. Finally, banks should intensify efforts to educate the masses about the validity and potency of agency banking.

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