Measuring Financial Inclusion in Jammu & Kashmir State: An Empirical Study
Journal Title: IOSR journal of Business and Management - Year 2018, Vol 20, Issue 1
Abstract
Finance is important for mobilising any economy. Governments across the world strive to provide access to finance to the commons. In India Financial Inclusion has become a key term lately and a plethora of initiatives like No Frill accounts, Overdraft limit, Kisaan Credit card, appointing Business Correspondents, Direct Benefit Transfer etc have been taken to include the poor under the umbrella of mainstream development by providing access to finance. Measuring the impact to these services is also important to know how initiatives under financial inclusion are helping the people and to understand the outreach and impact of these initiatives. Researchers across the world have developed many indexes to measure financial inclusion. These indexes mainly focus on factors like access to financial services, penetration of the financial services and the utilization of the services. The present paper aims to study the determinants of financial inclusion and to measure the Financial Inclusion across districts of Jammu & Kashmir state and comparing the level of financial inclusion among 22 districts of the state. For measuring financial inclusion geographical and demographical aspects have been taken into consideration keeping in view the wide geographical spread and difficult terrain of the state. Many indexes fail to take into consideration the contribution of Business correspondents in delivery of banking services. The present index has also considered the availability of business correspondent services as one of the factors of Financial Inclusion. This is a maiden attempt to compute financial inclusion in J&K state.
Authors and Affiliations
Dr. Parneet Kaur, Varun Abrol
Keywords
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- EP ID EP409447
- DOI 10.9790/487X-2001023744.
- Views 80
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