Product Awareness of Account Holders under Pradhan Mantri Jan Dhan Yojana (PMJDY)

Bhuyan, Manoranjan; Das, Kumar B.; Mohanty, Jitendra

doi:10.17010/ijf/2018/v12i12/139891

Cited by 3 publications

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“…Ghosh and Chaudhury (2019) found gender of an individual to be significant in explaining women’s financial inclusion. Bhuyan et al (2018) found gender as an important factor in determining financial awareness which impacts the probability of being financially included.…”

Section: Resultsmentioning

confidence: 99%

Financial Inclusion of Women and Gender Gap in Access to Finance: A Systematic Literature Review

Roy

Patro

2022

Vision

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The consistent gender gap in financial inclusion over time is postulated by World Bank Findex data despite an increase in the overall financial inclusion level around the globe. Women’s financial inclusion is significant in line with the promotion of gender equality- one of the 17 Sustainable Development Goals adopted by the United Nations. Academic literatures have fragmented studies on women’s financial inclusion and there is a dearth of systematic literature review to comprehend the overall literature landscape in analyzing research gaps. This article is an attempt to conduct a structured systematic literature review to identify factors impacting women’s financial inclusion, the associated gender gap and importance of promoting greater financial inclusion for women. Literature reviews are important to map the existing landscape of a study problem and develop further knowledge. This study reviews 75 peer reviewed articles from 2000 to 2021 and presents the findings in a comprehensive manner following a conceptual model. Synthesized evidence reveal the existence of gendered financial inclusion mainly due to demand side factors. Various socio-economic and cultural factors are also seen to influence women’s financial exclusion. Based on the mapping of existing findings the study suggests future research directions where emerging themes lie in the areas related to digital finance, financial self-efficacy and financial literacy which are important for enhancing women’s financial inclusion.

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Section: Resultsmentioning

confidence: 99%

Financial Inclusion of Women and Gender Gap in Access to Finance: A Systematic Literature Review

Roy

Patro

2022

Vision

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“…The scheme will reduce informal sources such as exploitation of unknown groups of the society by moneylenders etc. [17] According to Patnaik, Satpathy, and Supkar, (2015) findings, only 13.8 percent of Bhubaneswar's population has access to bank accounts in response to financial inclusion, and some of the respondents were those who do not have a bank account for various reasons. They do not know much about Pradhan Mantri Jan Dhan Yojana.…”

Section: Review Of Literaturementioning

confidence: 99%

Pradhan Mantri Jan Dhan Yojana: History and Present Impact

Gupta

2023

SAJSSE

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Pradhan Mantri Jan –Dhan Yojana was launched on 28 august 2014 in India, as a concept of Financial Inclusion. The Main objective was to connect maximum people to banks and to provide them with financial literacy to get maximum benefit out of their small savings. This schemes was considered as new foundation stone for financial inclusion. PMJDY was launched with an aim to include financial excluded people into the development mainstream. This scheme was a huge success in rural areas. It was mostly dependent on public sector banks as they are having good reach in rural areas. PMJDY is being run by Department of Financial Services, Ministry of Finance. On the inauguration day of PMJDY, 15 million bank accounts were opened. This scheme is helpful for the people having low income as they can easily open bank account and can get benefit of banking services. PMJDY bank account holders are also provided with RuPay Debit card which can be used for Payment and purchase. The Guinness Book of World Records recognised this achievement, stating: “The Most bank account opened in one week as a part of the financial inclusion campaign 1,80,96,130 was achieved by the Government of India from August 23 to 28, 2014.” The slogan of PMJDY is “Mera Khaata, Bhagya Vidhata”. Former union Finance minister Late Mr. Arun Jaitley said that the PMJDY is a game changer for the economy as it has provided the platform for Direct Benefit Transfer (DBT) which, in turn, will help in plugging leakages is subsidies and thereby provide savings to the exchequer. This paper is exploring the benefits of PMJDY and the progress of PMJDY till April 2023.

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“…Moreover, account holders have successfully utilized the advantages provided to them and are satisfied with the benefits under the scheme. Bhuyan (2018) studied the impact of the PMJDY on the banking behavior of account holders in Odisha and found that despite the significant effects on the attitude of the account holders, they lack awareness about credit products. Biju and Aparna (2018) attempted to analyze the perception of the 60 customers and 56 Bank employees in Kerala.…”

Section: Introductionmentioning

confidence: 99%

Study on the Satisfaction Level of the Account Holders under Pradhan Mantri Jan Dhan Yojana Scheme

Raha¹,

Shil²

2021

OJC

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The paper intends to understand the satisfaction level of the account holders under the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme of Assam Gramin Vikash Bank (AGVB) in Cachar District. An Interview schedule has used to collect data from 265 respondents, subsequently computed through IBM SPSS Statistics Version 21 and MS Excel software. A protocol interview with 6 experts followed by a pilot survey with 40 respondents has executed primarily to examine the validity of the questions. The tools of analysis such as tabulation, graphs, percentage, median have used; Mann-Whitney U test and Kruskal Wallis H test have performed to test the hypothesis considered for the study. The findings revealed that the investors were satisfied with the initiation of banks, the usefulness of the scheme, and personal benefits, whereas dissatisfied related to the facilities provided to them by the government.

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Product Awareness of Account Holders under Pradhan Mantri Jan Dhan Yojana (PMJDY)

Cited by 3 publications

References 0 publications

Financial Inclusion of Women and Gender Gap in Access to Finance: A Systematic Literature Review

Financial Inclusion of Women and Gender Gap in Access to Finance: A Systematic Literature Review

Pradhan Mantri Jan Dhan Yojana: History and Present Impact

Study on the Satisfaction Level of the Account Holders under Pradhan Mantri Jan Dhan Yojana Scheme

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