Overlooked or Ignored – Missing Elements in the Entrepreneurial Finance Policies: A Case of Introducing MUDRA Bank in India

Abstract

Sometimes the design of a policy is responsible for not achieving the desired results, and not really the implementation, which usually receives the blame.

Unbanked in India: A qualitative analysis of 24 years of financial inclusion policies

“…Today, 80 percent of Indian adults possess a bank account; however, almost half of the accounts remain inactive (Demirguc-Kunt et al, 2018). Part of the explanation for the number of inactive accounts can be attributed to a mismatch in the costs associated with using banking services and the lack of suitable product offerings to the targeted customers (Sinha, 2016). For example, while bank accounts are widely offered, access to credit remains elusive; only a tiny portion of the total Indian population (8.1%) has accessed credit (or loans) from formal financial institutions (Demirguc-Kunt et al, 2018).…”

“…For those engaged in policy advocacy, this kind of organized information becomes an analytical tool to communicate with the policymakers. As the social work profession has renewed its focus on influencing the financial well-being of the people, this article hopes to contribute significantly to the growing literature on financial capability and asset building of the vulnerable population at the macro level (Sinha, 2016;Sinha et al, 2018).…”