ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

Articles By Financial Literacy

Vulnerabilities among the Non-vulnerable Groups

Increasing fi nancial frauds and scams expose the vulnerabilities of the population subgroup which is included in the fi nancial system. An approach of considering educated and economically better-off sections not at the forefront while designing policies and programmes aimed at strengthening fi nancial literacy and improving fi nancial inclusion thus mandates a revisit.

An Evaluation of Factors Affecting the Usage of Financial Services in Punjab

This paper focuses on the usage of accounts to avail various financial services under the financial inclusion drive by the Government of India. It examines the factors affecting the use of financial services by 500 respondents from three districts of Punjab, namely Jalandhar, Gurdaspur, and Sangrur. It investigates financial services such as deposits, withdrawals, loans, remittances, and insurance. It applies logistic regression to understand the factors affecting the usage of these services. Education was the most significant of these factors, indicating the need for promoting financial literacy among the masses, especially those who are marginalised.

Financial Inclusion and Digital India: A Critical Assessment

Financial inclusion is one of the cornerstones of a developing economy. Launched in 2015, Digital India has been regarded as a significant intervention to bring the unbanked population, who had been kept out of the mainstream economy, into the formal financial net. While there has been an improvement in digital transactions across the country, issues still remain of last-mile connectivity of banks and other financial institutions, dormant accounts, among others.  

 

Financial Inclusion of Female Sex Workers

The clandestine nature of sex work and the stigma surrounding it restricts access to and utilisation of financial services by female sex workers, and makes it more difficult for policymakers to design appropriate programmes for their empowerment. An examination of the factors that contribute to the utilisation of financial services focused on FSWs reveals that there is an urgent need to strengthen linkages with formal banking institutions for the financial inclusion and empowerment of FSWs.

Involuntary Exclusion and the Formal Financial Sector

Financial inclusion is a policy priority in India, with the focus on the supply-side of the financial inclusion drive and programmes such as the Pradhan Mantri Jan-Dhan Yojana. Insufficient attention, however, has been paid to the use of banking services by people at the bottom of the pyramid in order to understand what constrains them from using the formal financial services on offer. This study looks at the causes of involuntary exclusion from formal financial services in the slums of Delhi.