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Financial Inclusion:A Study of Banking Expansion in India


Affiliations
1 Department of Agriculture Economics, CCSHAU, Hisar, Haryana, India
2 Government College, Haryana, India
3 HSB, GJUS&THisar and C.M.K. National, P.G Girls' College, Sirsa, Haryana, India
4 HSB, GJUS&T, Hisar, Haryana, India
     

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The central objective of current research is to compare and contrast the level or intensity of financial inclusion in different provinces of India. For the purpose of the study, all India has been classified into six provinces such as, northern states, north eastern areas, eastern areas, central area which include Madhya Pradesh, western states, and southern province. The base of the study was secondary data related to the numerous variables which shows the level of financial inclusion. All the data has been extracted from the official website RBI which is called banker's bank. Mainly two major parameters have been considered in the study for evaluation of the intensity of the financial inclusion. These parameters or variables are namely; Access of financial services and the level of Usage of financial services. Here, the access has been evaluated in terms of, number of bank offices and the employees of the banks, while the usage has been evaluated in terms of, number of credit accounts or loan accounts and deposit accounts in the banks. Further, a financial inclusion index was developed by researchers in terms of credit and deposit accounts per bank office and per bank employee in a particular region. The study exposed that in India financial inclusion is highest in southern province and lowest innorth eastern province.

Keywords

Financial Inclusion, Commercial Banks, India, Regional, Bank Offices, Credit Accounts.
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  • Financial Inclusion:A Study of Banking Expansion in India

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Authors

Kavita
Department of Agriculture Economics, CCSHAU, Hisar, Haryana, India
Monu Devi
Government College, Haryana, India
Binny
HSB, GJUS&THisar and C.M.K. National, P.G Girls' College, Sirsa, Haryana, India
Satbir Singh
HSB, GJUS&T, Hisar, Haryana, India

Abstract


The central objective of current research is to compare and contrast the level or intensity of financial inclusion in different provinces of India. For the purpose of the study, all India has been classified into six provinces such as, northern states, north eastern areas, eastern areas, central area which include Madhya Pradesh, western states, and southern province. The base of the study was secondary data related to the numerous variables which shows the level of financial inclusion. All the data has been extracted from the official website RBI which is called banker's bank. Mainly two major parameters have been considered in the study for evaluation of the intensity of the financial inclusion. These parameters or variables are namely; Access of financial services and the level of Usage of financial services. Here, the access has been evaluated in terms of, number of bank offices and the employees of the banks, while the usage has been evaluated in terms of, number of credit accounts or loan accounts and deposit accounts in the banks. Further, a financial inclusion index was developed by researchers in terms of credit and deposit accounts per bank office and per bank employee in a particular region. The study exposed that in India financial inclusion is highest in southern province and lowest innorth eastern province.

Keywords


Financial Inclusion, Commercial Banks, India, Regional, Bank Offices, Credit Accounts.

References