Work

Revisiting Financial Inclusion: Does Socio-economic Development Matter?

Year: 2025

Type: article

Abstract: The article attempts to measure financial inclusion at the household level with the Wroclaw taxonomic approach as an appropriate method of construction of composite indices and study the effects of various socio-economic development indicators on financial inclusion at the disaggregated level. Data analysis exemplified that the level of financial inclusion was directly related to per-capita income, household amenities, literacy and awareness of Pradhan Mantri Jan Dhan Yojana (PMJDY) and inversely to the distance from the bank (beyond 3 km). The results also suggested that the intended outcome of creating awareness about PMJDY to promote financial inclusion was not achieved in rural areas.

Source: Vikalpa The Journal for Decision Makers

DOI: 10.1177/02560909251342639

Author: Ayushi Raichoudhury

Institution: KIIT University

Language: English

Topic: Microfinance and Financial Inclusion

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: No poverty, Reduced inequalities

Open Access status: diamond

OpenAlex ID: W4411427196

FWCI:

Cites: 82

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Related to: 10