Determinants of Financial Inclusion

Sudarshan Maity () and Tarak Nath Sahu ()
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Sudarshan Maity: The Institute of Cost Accountants of India
Tarak Nath Sahu: Vidyasagar University

Chapter Chapter 4 in Financial Inclusion and the Role of Banking System, 2022, pp 105-149 from Springer

Abstract: Abstract Access to finance is essential not only for maintaining and improving the social and economic status of a person but also for meeting all needs. Without holding a valid account in any authorized financial institution, people are unable to save for future purchases, or child education, or invest after retirement and tend to avoid high interest payments and fees. The participation of the vulnerable and disadvantaged in formal financial system can boost financial and social inclusion. This chapter reports empirical findings of investigation by analyzing selected variables and financial inclusion in the Indian context. Moreover, the chapter estimates relationship between financial inclusion and different variables selected in the study at macro concept. Determinants of financial inclusion and disparity across regions and states in India are dealt broadly in this chapter. Key findings and their interpretations are also discussed at last in this chapter.

Keywords: Financial inclusion; Determinants; Regional disparity; Principal component analysis; Bivariate regression analysis; Multiple regression analysis (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-6085-6_4

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DOI: 10.1007/978-981-16-6085-6_4

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