Financial Inclusion Case Study
A STUDY ON EXTENT OF FINANCI AL INCLUSION AMONG
RURAL H OUSEHOLDS I N
BAGESHWAR DISTRICT OF UTTARAKHAND
Latika Karnatak
Research Scholar,
Galgotias University, Greater Noida,
Email: latika_karnatak@yahoo.co.in
Dr Vinay Kandpal,
Assistant Professor,
University of Petroleum and Energy studies, Dehradun
Email: vinayaimca@gmail.com
ABSTRACT
Financial Inclusion is a drive towards attaining inclusive growth and sustainable development and play a major role in driving away the poverty from the country. In the last twenty years, India has undergone a shift of its economic and regulatory structures. Steps have been taken by the Government to educate the people about the banking services and financial instruments available for investment. Despite
…show more content…
It has become one of the most critical aspects in the context of inclusive growth and development of a country like India. Financial regulators like SEBI and RBI, government and banking sector has come forward to take initiatives for financial inclusion. The banking sector has an important role to play in the promotion of financial inclusion. An inclusive financial system means a system that recognizes both the market potential and the development opportunities. In India, Financial Inclusion first featured in 2005, when it was introduced in Mangalam Village where all households were provided banking …show more content…
Using the index of the financial inclusion developed in levels of human development and financial inclusion in a country move closely with each other, although a few exceptions exist. Among socioeconomic factors, as expected, income is positively associated with the level of financial inclusion. Further physical and electronic connectivity and information availability, indicated by the road network, telephone and internet usage, also play a positive role in enhancing financial inclusion.
Oya Pinar Ardic et al (2011) explained that using the financial access database by CGAP and the World Bank group, this paper counts the number of unbanked adults around the world, analyses the state of access to deposit and loan services as well as the extent of retail networks, and discusses the state of financial inclusion mandates around the world. The findings indicate that there is yet much to be done in the financial inclusion arena. Fifty-six percent of adults in the world do not have access to formal financial
Case Study: Freda Mae
2164 Words | 9 PagesFreda Mae is a 7-year old girl who suffers from Cerebral Palsy. She experiences fluctuating muscle tone throughout her body, which causes her to have difficulty with basic activities of daily living (ADL’s). Freda Mae is currently using a manual wheelchair for mobility and has difficulty accessing some areas of her home. Freda Mae enjoys using a computer; however, she has difficulty due to not having an accessible work station. She currently lives with her mother, father, and two sisters.
Bees? No, Let's Talk About Dollars And Cents By Ben Stein
881 Words | 4 PagesOver the past several decades, individuals have began building capital at an early age. People do not want to be stuck in a financial bind every month. They do not want to stress about how they are supposed to pay their rent next month, or how they are supposed to put a meal on the table for their children. Young adults have started to develop both financial and human capital early on in their lives in order to ensure a stable future for themselves and their family. Ben Stein's letter, "Birds and Bees?
Death In Ayn Rand's Slaughterhouse Five
263 Words | 2 PagesWe spend our adult years earning money to support ourselves
The Motley Fool
861 Words | 4 PagesThe authors break down the different topics and instruct teens on how to apply the topics to their financial life. The author advises young adults on how to stay away from financial troubles. Many of the financial troubles are elaborated by simply informing the reader and are supported with many examples. The examples serve to help the reader understand how to apply these concepts to the real world. The book also signs light on debt and payments on interest.
Implementing Financial Education For Latino Youth In Miami Dade, Florida
478 Words | 2 PagesFinancial Education at an Early Age of Latinos
Analysis Of Wealth Inequality In America
495 Words | 2 Pages“The bottom 40% of Americans own almost nothing.” Said the video, Wealth Inequality In America. The lower class are scraping by and are not able to invest in stocks or other consuming items whether it deal with money or time. The video, Wealth Inequality in America also said, “The top 20% of Americans own almost everything.” The wealthy community should contribute more to the lower class, allowing more equality of wealth.
Why Are Americans Poor Research Paper
492 Words | 2 PagesThe National Standards report conducted by the IRS (“Internal Revenue Service”) reports that the average American spends $570 in expenses this includes Food, Clothing Housing and Uncategorized Items (IRS Collection Financial Standards). The 24 metropolitan cites hold more than half of the national population within them (“Population Density for U.S. Cities Map”). Accordingly, the average American citizen spends the largest of his income on food, but the average metropolitan resident spends at least half of his income on housing. To discourage the vast inequality between the financial classes in America, the following step may be adopting economic policies and developments in foreign countries are benefiting from or conversely introduce untried theories in government economics into reality.
What Caused The Great Depression Dbq Analysis
1159 Words | 5 PagesAccording to the same document, only 40% of Americans were making what was considered a liveable income. (Doc. 9) That 40% of people also had a majority of the money that existed in the United States, which means that less than half of the country could actually pay for the things they wanted, the other 60% could barely, if even, afford the things they needed. Also, 5% of the American populous received 33% of the national income, which means that one out of every three dollars would go to this 5% of people. (Doc. 9).
Student Debt Thesis
618 Words | 3 PagesRetrieved from https://www.cnbc.com/2019/08/14/one-in-five-us-adults-have-a-student-loan.html Federal Reserve. (2021, March 19). Consumer credit - G.19. Retrieved from
Wealth Inequality In The United States
594 Words | 3 PagesThe United States is one of the most developed and wealthiest nations on the planet. However, the nation today has more income and wealth inequality as compared to any other key developed nation. In addition, there is a very large gap that exists between extremely rich and the rest of the people. Most of this income and wealth is controlled by a shocking small percentage of individuals. This accrues to only 1 percent of the nation’s total population.
Wealth Gap Analysis
489 Words | 2 PagesAs outlined in chapter 10 of the course text, inequality in housing and wealth is a major problem. The United States is described to be the most unequal countries in the western hemisphere. But with the inequalities when it comes to wealth, the United States is one of the richest countries in the world. Wealth is the sum total of a person’s assets. These assets include, cash in the bank and value of all properties, not only land but houses, cars, stocks, and bonds, and retirements savings.
Wealth Inequality In America
911 Words | 4 PagesCurrently, the top one percent of the United States population privately holds thirty-eight percent of the nation’s wealth, and
Public Assistance Case Study
459 Words | 2 PagesOn 11/4/15 Ms. Brittany Terry and her daughter Lundyn met with CM for an ILP. CM introduce herself as the client temporary CM assigned to her case. Housing: Client 's exit strategy is to move by 2/18/16. Client must maintain employment and submit pay stubs weekly .Client is expected to comply with savings and have saved enough for one month 's rent and security by 12/18/16, Client is to seek for housing and obtain housing by 1/18/16.Client was reminded she must meet with her Housing Specialist Mr. Brown on a bi-weekly basis, comply with all housing requirements and explore all available housing options. Social Service: Client must meet bi-weekly with Case Manager for ILP Review appointments.
Affirmative Action Case Study
689 Words | 3 PagesIn the case of Fisher v. The University of Texas, Affirmative Action has played a major role in the future of affirmative action cases. According to, the novel For Discrimination: Race, Affirmative Action, and the Law, affirmative action is defined as, to seek to remedy the significant underrepresentation of members of a certain, racial, ethnic, or other groups through measures that take group membership or identity into account (R. Kennedy 2013 and P. Brest and M. Oshige 1994). Affirmative Action follows back into America’s past from the Civil Rights Act of 1866, which stated all persons born in the United States were citizens but before this was passed there was the Dred Scott decision which had ruled blacks whether free or enslaved were
More about Financial Inclusion Case Study
Case Study: Freda Mae
2164 Words | 9 PagesBees? No, Let's Talk About Dollars And Cents By Ben Stein
881 Words | 4 PagesDeath In Ayn Rand's Slaughterhouse Five
263 Words | 2 PagesThe Motley Fool
861 Words | 4 PagesImplementing Financial Education For Latino Youth In Miami Dade, Florida
478 Words | 2 PagesAnalysis Of Wealth Inequality In America
495 Words | 2 PagesWhy Are Americans Poor Research Paper
492 Words | 2 Pages2008 ADAAA Legislation
302 Words | 2 PagesWhat Caused The Great Depression Dbq Analysis
1159 Words | 5 PagesStudent Debt Thesis
618 Words | 3 PagesWealth Inequality In The United States
594 Words | 3 PagesWealth Gap Analysis
489 Words | 2 PagesWealth Inequality In America
911 Words | 4 PagesPublic Assistance Case Study
459 Words | 2 PagesAffirmative Action Case Study
689 Words | 3 Pages