Performance of Banks under Financial Inclusion and the Reasons for Slow ProgressA Study of Rural Area of Udaipur District in Rajasthan
Year: 2017
Type: article
Study design: Observational Study
Abstract: Financial Inclusion assumes paramount importance in our country where 65 percent population lives in rural area, engagein agriculture and allied activities with large numbers of them are poor. The aim of Financial Inclusion is to promotesustainable development and generate employment for a vast majority of population especially in the rural area. Thebanks' role is vital in mobilizing savings and providing credit in rural area. Though our country's economy is growing ataround 7 percent, the growth is not inclusive of rural people. Majority of rural people are financially excluded (Kainth,2010). The performance of banks in rural area is not satisfactory. The present study was conducted in rural area of UdaipurDistrict in Rajasthan with the aim of finding out the reasons for poor performance under Financial Inclusion. Sample sizeof 120 rural people and 12 bankers were kept as respondents. Many reasons were opined by the rural people and bankers.The important ones are not attending to the rural people, not interacting with them for lack of time, not financing the needyrural poor, dormancy of accounts, lack of infrastructure, distance from branches, illiteracy and frequent need of credit byrural people.
Author: Gaurav Suwalka
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W7217126238