Essay On Exploratory Factor Analysis

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Factor Analysis (Conceptual Background): For determining the factors affecting for financial inclusion, Business correspondence acceptance at Bank branches and problems faced by BC. Factor analysis is a data reduction statistical technique that allows simplifying the correlational relationship between a numbers of continuous variables. Exploratory factor analysis is used in order to identify constructs and investigates relationships among key interval scaled statements. Exploratory Factor Analysis: There are seven basic steps to performing an Exploratory Factor Analysis (EFA): 1. Collect measurements: The variables were measured on the same (or matched) experimental units. 2. Obtain the correlation matrix: The correlations (or co variances) between …show more content…

 Does your Bank uses new technology for promoting financial inclusion?  Does your Bank employ “Business Correspondents “to promote financial inclusion?  Does your bank do partnership with NGO and MFI top promote financial inclusion?  Does your bank uses multiple product services to help low income group of people?  Does your bank give loan for allied activities to promote financial inclusion such as?  Did your bank have opened common service centers to promote financial inclusion?  Does your bank accept No Frills A/c’s to promote financial inclusion?  Does your gives facility of kisan credit card (KCC) to help lower income group of people?  Does your Bank open financial literacy and credit counseling centers to promote financial inclusion?  Does your bank utilize loan recovery Melas for effective recovery of bank loans?  Does your bank uses marketing collaterals to promote financial inclusion such as  Does your bank uses different electronic media to promote financial inclusion such as Section 4:-Opportunities for

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