Journey of Financial Inclusion Driven by Indian Banking Industry

2018 ◽  
pp. 186-223
Author(s):  
Abhineet Saxena ◽  
Ashish Sharma
Keyword(s):  
Economic Development ◽  
Financial Institutions ◽  
Rural Areas ◽  
Rural Population ◽  
Banking Industry ◽  
Financial Inclusion ◽  
North Eastern ◽  
North Eastern Part ◽  
Made In

Financial institutions, especially banks, have proved to be a boon for the economic development of a country like India. An attempt has been made in the present chapter to analyze the state of financial inclusion and the role of banking in achieving full financial inclusion in India. The journey of financial inclusion through banking in India has been critically appraised. Some of the important outcomes that can be highlighted are increased banking access of rural population in past few years together with the huge expansion in banking infrastructure in rural areas. Banking in India has been transformed with the introduction of PMJDY, BC Model, etc. Increasing trend has been observed in IMPS and M-Wallet penetration. North-eastern part of the country is still a challenge in the way of financial inclusion. The journey of financial inclusion on the wheels of Indian banking industry is still in search of the ultimate destination, and it will take miles to achieve full financial inclusion.

scholarly journals The Role of Financial Inclusion in Women Entrepreneurs in Small and Medium Enterprises: Evidence from South Western Nigeria

2020 ◽  
pp. 16-23
Author(s):  
Oyebamiji, Funmilola Florence
Keyword(s):  
Financial Institutions ◽  
Rural Areas ◽  
Women Entrepreneurs ◽  
Small And Medium Enterprises ◽  
Internet Banking ◽  
Financial Inclusion ◽  
Southwestern Nigeria ◽  
Financial Products ◽  
Medium Enterprises

The study examines the role of financial inclusion in women entrepreneurs in Small and Medium Enterprises (SMEs) with particular reference to southwestern Nigeria.  Purposive sampling technique was employed to select 120 respondents from Lagos, Abeokuta, Ibadan, Osogbo, Akure and Ado-Ekiti.  A structured questionnaire designed for the study was used to collect data. Data analysis was performed with helps of mean, frequency, and simple percentages. The result shows that contribution, cooperative society, family and friends, and non- governmental organizations are the main sources of finance of women entrepreneurs in SMEs, while only a few financial products being offered by financial institutions are known to women entrepreneurs in SMEs. Therefore, the study recommends that women entrepreneurs in SMEs should be sensitized about the availability of financial products/services being offered by financial institutions, relaxing the conditions attached to loans, reduction of interest rate, and bring internet banking closer to the people especially women entrepreneurs in rural areas.

Role of Microfinance in Financial Inclusion in India

2021 ◽  
pp. 336-357
Author(s):  
Madhuri Malhotra
Keyword(s):  
Economic Development ◽  
Rural Population ◽  
Economic Benefit ◽  
Banking Sector ◽  
Financial Inclusion ◽  
Microfinance Institutions ◽  
Modes Of Operation ◽  
The Poor ◽  
The Status

The purpose of this chapter is to critically evaluate the status of microfinance in India, the types, characteristics, and modes of operation of MFIs. It also highlights the main differences between commercial baking and microfinance institutions and examines the extent to which banks fulfill financial requirements and of whom? This chapter presents a linkage among microfinance institutions, financial inclusion, and economic development on a country. The study reveals that MFIs contribute in the upliftment of the society leading to economic benefit to the country as a whole. It makes the reader realize the importance of microfinance in the economic development of a country which cannot be realized just by uplifting the structured and most sophisticated banking sector. Handholding of the poor and rural population is required in order to accelerate the process of financial inclusion and thereby reaching the goal of economic development.

Role of Microfinance in Financial Inclusion in India

2018 ◽  
pp. 322-343
Author(s):  
Madhuri Malhotra
Keyword(s):  
Economic Development ◽  
Rural Population ◽  
Economic Benefit ◽  
Banking Sector ◽  
Financial Inclusion ◽  
Microfinance Institutions ◽  
Modes Of Operation ◽  
The Poor ◽  
The Status

The purpose of this chapter is to critically evaluate the status of microfinance in India, the types, characteristics, and modes of operation of MFIs. It also highlights the main differences between commercial baking and microfinance institutions and examines the extent to which banks fulfill financial requirements and of whom? This chapter presents a linkage among microfinance institutions, financial inclusion, and economic development on a country. The study reveals that MFIs contribute in the upliftment of the society leading to economic benefit to the country as a whole. It makes the reader realize the importance of microfinance in the economic development of a country which cannot be realized just by uplifting the structured and most sophisticated banking sector. Handholding of the poor and rural population is required in order to accelerate the process of financial inclusion and thereby reaching the goal of economic development.

The Role of Digital Technology in Rural Entrepreneurship and Innovations

2021 ◽  
pp. 20-38
Author(s):  
Dinithi U. Abeysinghe ◽  
Mohsin Malik
Keyword(s):  
Economic Development ◽  
Rural Areas ◽  
Digital Technology ◽  
Rural Population ◽  
New Ventures ◽  
Digital Technologies ◽  
Entrepreneurial Ventures ◽  
Rural Entrepreneurship ◽  
Technological Platforms

Rural entrepreneurship paves the way to solve issues faced by rural population by spurring economic development in the rural areas. However, the entrepreneurial ventures within the rural areas also face a number of issues in initiating new ventures. The advancement of the digital technologies, technological platforms, and digital artifacts may provide a solution for such issues faced by the rural entrepreneurs. This chapter aims to explain how digital technologies assist rural entrepreneurs in overcoming the problems they face. In addressing this problem, the chapter will provide a broader understanding of the rural entrepreneurship and the issues it faces. The solutions for these issues are then discussed by highlighting the role of digital technology in supporting entrepreneurial ventures. Finally, a conceptual framework depicting the drivers of rural digital entrepreneurship is presented.

Integrated Assessment of Socio-Economic Development of Rural Areas, Taking into Account Differences in Population Density

2020 ◽  
pp. 76-83
Author(s):  
N.N. Balashova ◽  
◽  
D.A. Korobeynikov ◽  
S.A. Popova ◽  
◽  
...  
Keyword(s):  
Sustainable Development ◽  
Economic Development ◽  
Population Density ◽  
Rural Areas ◽  
Rural Population ◽  
Integrated Assessment ◽  
Russian Regions ◽  
Socio Economic Development

Typologization of rural areas, taking into account differences in population density and level of socio-economic development, is necessary to identify “growth points” and strategic sustainability benchmarks. The method of integrated assessment of the level of socio-economic development of rural territories is proposed, according to which the grouping of Russian regions is carried out. Applying data on rural population density to the results of calculations allowed us to identify 12 typological groups, in the context of which unified recommendations on sustainable development of territories should be formed.

Colchicum autumnale (Colchicaceae) w okolicach Krakowa – dawne i obecne rozmieszczenie

2019 ◽  
pp. 15-27
Author(s):  
Magdalena Zarzyka-Ryszka
Keyword(s):  
Adjacent Area ◽  
Colchicum Autumnale ◽  
The Past ◽  
The North ◽  
North Eastern ◽  
New Localities ◽  
Present Distribution ◽  
The 19Th Century ◽  
North Eastern Part

The paper describes the past and present distribution of Colchicum autumnale in the vicinity of Cracow, highlights the role of Stanisław Dembosz (who published the first locality of C. autumnale near Igołomia in 1841). Gives information about the occurrence of C. autumnale in Krzeszowice in the 19th century (reported by Bronisław Gustawicz), presents new localities noted in 2012–2014 in meadows in the north-eastern part of the Puszcza Niepołomicka forest and adjacent area (between the Vistula and Raba rivers), and gives a locality found in Cracow in 2005 (no longer extant).

scholarly journals ROLE OF TECHNOLOGY IN FINANCIAL INCLUSION IN INDIA

2021 ◽  
pp. 1-5
Author(s):  
Arun.K.V
Keyword(s):  
Rural Areas ◽  
Financial Services ◽  
Business Models ◽  
Formal System ◽  
Financial Inclusion ◽  
Handheld Devices ◽  
Mobile Banking ◽  
Major Step ◽  
Banking Business

Technology and financial inclusion are the popular coinage in banking parleys in the country. While technological upgradation and mobile banking are catching up so fast, financial inclusion is tardy. Financial inclusion is a major agenda for the Reserve Bank of India (RBI). Without financial inclusion, banks cannot reach the un-banked. It is also a major step towards increasing savings and achieving balanced growth. The reach the country is having with technological progress mobile banking has the potential to emerge as a game changer in terms of costs, convenience, and speed of reach. Business models of banks, telecom operators and other stakeholders need to converge. However, the banking industry’s penetration to un-banked areas is still found sluggish. The role of the Indian banker is challenging. At one end of this spectrum lies the demand to achieve financial inclusion as nearly 50 per cent of the population is yet to be covered under the formal system of banking and at the other end lies the task to fulfil the needs of the existing customers. The first priority for banks is to adopt core banking solution (CBS), including all regional rural banks (RRBs). Next, a multi-channel approach using handheld devices, mobiles, cards, micro-ATMs, branches and kiosks can be used. However, it should be ensured that the transactions put through such front-end devices should be seamlessly integrated with the banks’ CBS. In rural areas, where accessibility is a problem, banks are using the microfinance network and business correspondents and facilitators to bring more people under the ambit of banking services. Capitalising on the huge untapped potential in smaller towns and cities and rendering financial services to this segment of people poses a big challenge. Few banks have explored technology solutions to increase the scale of their microfinance portfolios, with the use of smart cards and core banking solutions. KEYWORDS- Technology, Financial Inclusion, Core Banking, Business Correspondents

scholarly journals Itako on screen

2020 ◽  
Vol 21 ◽  
pp. 76
Author(s):  
Ilaria Vecchi
Keyword(s):  
Rural Areas ◽  
Visual Ethnography ◽  
Social Fabric ◽  
The North ◽  
Fieldwork Experience ◽  
The Social ◽  
North Eastern ◽  
Critical Religion ◽  
Visual Methodology ◽  
North Eastern Part

This article is based on my fieldwork with Itako shamans in the north-eastern part of Japan. The progressive modernisation of Japan at the expense of rural areas has also affected Tohoku, resulting in the ageing of the social fabric of its communities. Within this context, this article focusses on traditional and established activities practised by the blind female Itako shamans, who are going through a process of adaptation. Therefore, the article is concerned with this process and, in particular, on the methodology applied before and during my fieldwork experience of spending time, observing, having conversations, and filming these women in their everyday life. In the attempt to understand and document these shamans, I consider the use of visual ethnographic methods for understanding the changing aspects and their implications on the life of these women. While doing this, I also considered their communities and the area in which they live. I analyse this process by blending different methodologies such as visual methodology and digital visual ethnography and the critical religion approach proposed by Fitzgerald (2000). In addition, the paper will describe how I applied this methodology to provide a fresh look at these women and their daily activity.

scholarly journals THE ROLE OF SMALL AND MEDIUM-SIZED BUSINESSES IN THE SOCIO-ECONOMIC DEVELOPMENT OF COMPANY TOWNS

2014 ◽  
pp. 88-93
Author(s):  
E. V. Reznikova
Keyword(s):  
Economic Development ◽  
Small And Medium Enterprises ◽  
State Support ◽  
Company Towns ◽  
Socio Economic Development ◽  
Single Industry ◽  
Medium Businesses ◽  
Medium Enterprises ◽  
Made In

The development of small and medium enterprises (SME) plays an important role in the comprehensive modernization of the economy of single-industry towns, acting as a factor of its growth and diversification. The analysis of the dynamics of the development of SME of non-diversified municipal formations and directions of its state support was made, suggestions on the monitoring organization of statistical factors of SME in single-industry towns and on the development of comprehensive investment plans on modernization of single-industry towns were made in a part of the development and support of small and medium businesses in single-industry towns.

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