Financial Access of the Urban Poor in India

Rajeev, Meenakshi; Vani, B. P.

doi:10.1007/978-81-322-3712-9

Cited by 14 publications

(14 citation statements)

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“…The research study further shows the existence of significant understanding of the correlation between financial inclusion and the consumers' level of financial literacy (Rajeev and Vani, 2017). It also affirms that promoting financial inclusion in a country demands a country to invest in fostering financial knowledge.…”

Section: Regression Coefficientssupporting

confidence: 59%

“…Financial inclusion, which is defined to include the proportion of consumers (individual and institutional) that uses financial services, has over the past few years become a subject of interest amongst academicians, policymakers, and researchers (Awad and Nada, 2018). Financial inclusion is alternatively defined to include the process through which all consumers enjoy the ease of accessing and utilizing the services offered in the formal financial system (Rajeev and Vani, 2017). Governments across the world are increasingly focusing on promoting financial inclusion as an approach towards promoting sustainable socio-economic growth.…”

Section: Introductionmentioning

confidence: 99%

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Determinants of Financial Inclusion in Egypt

Sayed

Shusha

2019

Asian Economic and Financial Review

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The purpose of the study is to evaluate the determinants of financial inclusion in Egypt. Specifically, the present study seeks to determine whether access to financial services, usage of financial service, and knowledge levels of the financial services have determined financial inclusion in Egypt. The descriptive research design has been adopted while targeting 470 managers in commercial banks operating in Egypt. All questionnaires have been returned fully answered and fit for analysis. Going by the descriptive and inferential statistics on the use of financial services, it is evident that a large number of consumers in Egypt have integrated different financial products and services in their consumption process. In respect to this, the availability of different financial services and products influences the consumption of financial services. The research study further underlines the centrality of religion in influencing consumption of financial services in Egypt. Concerning this point, it is imperative for financial institutions to consider integrating religious principles in designing financial products and services in increasing consumption of financial services amongst consumers. There is also a significant effect of knowledge levels of financial services and consumption. The findings of this study reveal that despite the high rate of uptake of different financial services and products, it is imperative for financial institutions in Egypt to consider diversifying their financial products and services. The study recommends that financial firms should develop diversified financial products in order to align with the customers' needs. Amongst the financial products and services that should be developed relate to banking and insurance products. Contribution/ Originality:The study is critical since banking services are important in national development agenda of Egypt. The paper's primary contribution is finding out the main determinants of financial inclusion and improves a new scale to measure the demand side of financial inclusion in Egypt.

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Section: Regression Coefficientssupporting

confidence: 59%

Section: Introductionmentioning

confidence: 99%

Determinants of Financial Inclusion in Egypt

Sayed

Shusha

2019

Asian Economic and Financial Review

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“…Land Development Banks are major players in providing credit against land (Rao & Priyadarshini, 2013). Rajeev et al (2011) made similar observations in their household survey in Karnataka. Other institutional sources include non-banking financial companies, financial companies and financial corporations.…”

Section: Introductionsupporting

confidence: 61%

Assessing the Use of Land as Collateral for Accessing Credit from Institutional Sources in Rural India

Prabhakar

Pal

Sanan

et al. 2023

Journal of Land and Rural Studies

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Data on access to credit in rural India are mostly available from periodic largescale surveys and some primary research in different parts of India. The growth of institutional sources of credit was quite dramatic during the first four decades after Independence. There appears to have been a regression since then. There is some evidence to show that land as collateral is a frequent requirement for institutional lenders. There is also some scattered evidence that land is more likely to be used as collateral by larger landholders and a clear title favours extension of loans. However, there are very little data on the extent to which these hypotheses hold well across states. Textual records (copies of Record of Rights) gathered for the construction of the NCAER Land Records and Services Index 2020 offered an opportunity to understand the situation in different states with respect to the issues mentioned above. This article assesses the data gathered for six Indian states/Union Territories (UTs): Chhattisgarh, Gujarat, Himachal Pradesh, Madhya Pradesh, Uttar Pradesh and Uttarakhand. The article highlights the extent to which various hypotheses prevalent in the literature are borne out by the evidence obtained through the sample data gathered for the states/UTs that are the subject of this article. While adding to the knowledge on the subject, it will help enhance an understanding of both the subject and policy making in the area of rural credit.

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“…In that sense, access to the financial system allows improving the economic development of a country and the well-being of its population, and households can reduce their vulnerability to short-term shocks, start a business, or have access to financing to get a better education ( Beck (2016) determines that financial deepening has a great influence on structural transformations, poverty and income inequality reduction, especially in developing countries, so financial inclusion is a priority (Wang'oo, 2008;Kim, 2015). Finally, Rajeev and Vani (2017) emphasize that financial inclusion helps both the poor and the government, because it allows the income improvement of poor people who gain a better quality of life, and, at the same time, it makes it easier for the government to locate and direct funds to reduce poverty. Thus, greater financial inclusion positively influences financial strength (Neaime & Gaysset, 2018).…”

Section: Theoretical Frameworkmentioning

confidence: 99%

Challenges of financial inclusion policies in Peru.

Boitano

Aranda

2020

Finanz. polit. econ

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The purpose of the research is to identify the main determinants of financial inclusion in Peru at the department level (without Lima) from 2010 to 2017, aiming to analyze the challenges faced by financial inclusion policies. A two-stage GMM method was used to estimate a panel data model where the endogenous variable is Sarma’s financial inclusion index (2008). The results indicate that bank concentration is the main variable affecting financial inclusion. At the same time, although the effect of technology is positive, it is diminishing over time due to the inefficient deployment of such technology and, in many cases, a lack of knowledge on how to use it, especially in the remote areas of Peru.

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Financial Access of the Urban Poor in India

Cited by 14 publications

References 0 publications

Determinants of Financial Inclusion in Egypt

Determinants of Financial Inclusion in Egypt

Assessing the Use of Land as Collateral for Accessing Credit from Institutional Sources in Rural India

Challenges of financial inclusion policies in Peru.

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