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An Empirical Analysis of Community Empowerment through Financial inclusion- A study

  • Unique Paper ID: 170304
  • Volume: 4
  • Issue: 4
  • PageNo: 388-391
  • Abstract:
  • Financial inclusion is an attempt to bring hitherto excluded poor, marginalized deprived sections of people into the mainstream economic growth path. This is through opening of account in organized financial institution and avail the benefits from them. Financial inclusion is the pathway to achieve community empowerment which increases the living condition and confidence of people. The present study intends to assert the role of financial inclusion in empowerment of the economically weaker section people. Empowerment of the people is possible through access and use of formal bank services. This is an attempt to assess the growth of financial inclusion through the parameters of branch expansion, deposit mobilization and credit penetration. t test is used to test whether positive growth of all these variables had taken place under financial inclusion period. To check the difference before and after financial inclusion, two periods were considered i.e. pre inclusion period (1997 to 2004) and inclusion period (2005 to 2013). This is because from the year 2005 effective financial inclusion attempts were started with opening of No Frill Basic savings Deposit Bank account.
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Cite This Article

  • ISSN: 2349-6002
  • Volume: 4
  • Issue: 4
  • PageNo: 388-391

An Empirical Analysis of Community Empowerment through Financial inclusion- A study

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8.01 (Year 2024)
UGC Approved
Journal no 47859

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