A Perspective on Financial Literacy and Inclusion in India

Kapadia, Sunil

doi:10.2139/ssrn.3396241

Cited by 4 publications

(8 citation statements)

References 10 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The reason for this classification is due to the recent emphasis on financial literacy, financial innovation and financial technology as critical success factors to achieve financial inclusion outcomes (see. Kapadia, 2019, Ozili, 2018Beck et al, 2014), and these developments may be viewed as the factors driving the convergence of international financial inclusion practices.…”

Section: Recent Developments In the Literaturementioning

confidence: 99%

“…Financial literacy is the ability to make informed decisions regarding developing a savings culture, utilizing loans and the use and management of money (Kapadia, 2019). For instance, Ramakrishnan (2012) show that financial literacy increased the level of financial inclusion in India by improving the quality of life for households.…”

Section: Achieving Financial Inclusion Through Increased Financial LImentioning

confidence: 99%

See 1 more Smart Citation

Financial inclusion research around the world: A review

Ozili¹

2020

Forum for Social Economics

240

133

View full text Add to dashboard Cite

This paper provides a comprehensive review of the recent evidence on financial inclusion from all regions of the World. It identifies the emerging themes in the financial inclusion literature as well as some controversy in policy circles regarding financial inclusion. In particular, I draw attention to some issues such as optimal financial inclusion, extreme financial inclusion, how financial inclusion can transmit systemic risk to the formal financial sector, and whether financial inclusion and exclusion are pro-cyclical with changes in the economic cycle. The key findings in this review indicate that financial inclusion affects, and is influenced by, the level of financial innovation, poverty levels, the stability of the financial sector, the state of the economy, financial literacy, and regulatory frameworks which differ across countries. Finally, the issues discussed in this paper opens up several avenues for future research

show abstract

Section: Recent Developments In the Literaturementioning

confidence: 99%

Section: Achieving Financial Inclusion Through Increased Financial LImentioning

confidence: 99%

Financial inclusion research around the world: A review

Ozili¹

2020

Forum for Social Economics

240

133

View full text Add to dashboard Cite

show abstract

Section: Literature Reviewmentioning

confidence: 99%

“…Financial literacy and credit management skills improve credit access from formal institutions and help farmers manage their working capital effectively (Kapadia, 2019;Kaiser et al, 2022). Expertise in fund management and financial education supports farmers in evaluating the value and risk associated with borrowing.…”

Section: Afr 832mentioning

confidence: 99%

“…Agriculture contributes 14% of the country's Institutional agricultural credit access gross domestic product (GDP). The share of agriculture and allied sectors is 16.14% of gross value added (GVA) in 2019-2020at 2011current prices (Economic Survey, 2019. Compared to the country's overall GDP, the growth rate of agricultural GDP is declining.…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Determinants of institutional agricultural credit access and its linkage with farmer satisfaction in India: a moderated-mediation analysis

Dey

Singh

Mhaskar

2022

AFR

View full text Add to dashboard Cite

PurposeThe study assesses the relationship between institutional credit access and farmer satisfaction using contextual mediating and moderating variables. This study identifies various socioeconomic, service features and service quality determinants impacting institutional credit access.Design/methodology/approachThe authors used the stratified random sampling method and selected 512 farmers from 40 villages in Maharashtra, India. Initially, the study employed probit regression analysis to identify the credit adoption determinants. Subsequently, the relationship between institutional credit and farmer satisfaction is identified through moderated-mediation analysis using the Statistical Package for the Social Sciences and Analysis of a Moment Structures (SPSS - AMOS model).FindingsProbit model's results suggest that socioeconomic variables like education and bank distance; service quality variables like prompt service and employee behavior; and service characteristics variables like the interest rate, loan sanction time, repayment period, and documents for loan application significantly affect institutional credit adoption across the smallholders. Subsequently, the results of the moderating-mediation analysis show that working capital, perceived value and risk perception partially mediate the association between credit adoption and farmer satisfaction. The mediated effects are further moderated by farm advisory services and financial knowledge and skills.Research limitations/implicationsThe study is restricted in opportunity due to primary data, and it considers only farmers' perspectives to measure service quality and service features as constraints for institutional credit access.Practical implicationsThe government, nongovernment organizations, civil societies and private institutions should provide sufficient financial knowledge and training to the farmers via extension services to utilize the borrowed capital effectively to bring economic welfare and mental satisfaction.Originality/valueThe existing literature rarely considered banking service quality and service features (demand side) variables as determinants of credit access. Further, the study brings novelty in examining how the capital management cognitive factors of the formal credit adopters influence the relationship between credit access and satisfaction.

show abstract

The Impact of Socio-Economic and Psychographic Factors on Financial Inclusion

Jha

Vijayvargy

Gupta

2022

International Journal of Applied Behavioral Economics

View full text Add to dashboard Cite

Financial inclusion is a crucial factor in mainstreaming the low-income population with the formal financial system. It provides access to credit and provides a broad range of financial services. However, factors like illiteracy, inadequate income, and lack of awareness limit the poor people to utilize services offered by the bank. The study examines the Financial Attitude (FA), Financial Behavior (FB), and Financial Knowledge (FK) among the people of Rajasthan and interprets the effect on financial inclusion. This research is segregated based on aspects leading to financial exclusion like age, gender, income, education level, occupation, demographic, etc. The comprehensive research in studying the impact of socio-economic and psychographic factors on financial inclusion reveals that people are concerned about saving money for their future but still, there an enormous scope of better utilization of savings.

show abstract

A Perspective on Financial Literacy and Inclusion in India

Cited by 4 publications

References 10 publications

Financial inclusion research around the world: A review

Financial inclusion research around the world: A review

Determinants of institutional agricultural credit access and its linkage with farmer satisfaction in India: a moderated-mediation analysis

The Impact of Socio-Economic and Psychographic Factors on Financial Inclusion

Contact Info

Product

Resources

About