This website uses cookies to ensure you have the best experience. Learn more

Studying Financial Inclusion In North East India

415 words - 2 pages

Document Information:
Title: Studying financial inclusion in north-east India
Author(s): Disha Bhanot, (Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai, India), Varadraj Bapat, (Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai, India), Sasadhar Bera, (Shailesh J. Mehta School of Management (SJMSOM), IIT Bombay, Mumbai, India)
Citation: Disha Bhanot, Varadraj Bapat, Sasadhar Bera, (2012) "Studying financial inclusion in north-east India", International Journal of Bank Marketing, Vol. 30 Iss: 6, pp.465 - 484
Keywords: Banking, Banks, Empirical study, Finance, India, Marketing strategy, Rural areas, Social inclusion

Article type: Research paper
DOI: ...view middle of the document...

Abstract: Purpose – The purpose of this paper is to explore the factors which are crucial in determining the extent of financial inclusion in geographically remote areas. The study also aims to provide suggestive measures for banks to tap unexplored markets.
Design/methodology/approach – Primary data were collected via structured questionnaire from 411 households from the states of Assam and Meghalaya in north-east India. Factors significantly contributing to inclusion were identified using a logistic regression model.
Findings – Level of financial inclusion in north-east India remains very low. Income, financial information from various channels and awareness of self help groups (SHGs), and education are influential factors leading to inclusion. Nearness to post office banks increases the likelihood of inclusion. Factors like area terrain and receipt of government benefit individually do not facilitate inclusion. However, recipients of government benefits in plain areas show increased level of inclusion.
Research limitations/implications – The study was restricted to north-east India, which limits the generalizability of the findings.
Practical implications – Banks and policy makers should work in close co-ordination to spread financial information as those efforts are seen to directly impact inclusion, thereby providing new business opportunities to banks.
Originality/value – Using primary data, this study explores the potential predictors of financial inclusion in geographically remote areas. The study is unique in capturing the conditional relationships among variables which are bound to exist in real life scenarios. The findings of the paper are valuable for banks and policy makers.

Other Papers Like Studying Financial Inclusion In North-East India

Regional Analysis And Product Information

663 words - 3 pages product in India and in the future the rest of the region. The region on a whole as many economic upsides with many of the country’s growing despite the slowdown in the world’s economy and the trouble in 2009 from the United States financial problems. China withstood the crisis relatively well, owing to its vast foreign-exchange reserves and dynamic economy and as a result, China emerged in 2009 to take its place as a global power, while the USA

The National Economies Of The World

578 words - 3 pages China (USD 9 trillion), Japan etc. 9. We may also look at regions, and the three most significant regions, called the Triad, is North America, Western Europe, and East Asia. These three are engines to global economic growth. 10. The focus of the course is on East Asia, which has transformed itself after the Second World War economically and is on track to be the largest engine of the global economy in the near future. 11. East Asia consists of

Defiance Of Patriots

1267 words - 6 pages Matthew Smith March 2, 2014 History 2010-012 Defiance of Patriots Paper The Boston Tea Party was shaped by events that occurred inside and outside North America and had nontraditional actors; poverty in Bengal, pressure from New York and Philadelphia, Native Americans, and the youth all played roles in causing the tea protests. In Bengal the East India Company was administrating the country and their greed drove the country into poverty

Impact Of Fdi On Exports

5867 words - 24 pages FDI regimes, low risk and steady return for investment. FDI IN INDIA In developing Indian economy FDI has played an important role. FDI in India has enabled India to achieve a certain degree of financial stability, growth and development. FDI in India started for the first time during the year 1991-92 to bring together the intended investment and the actual savings of the country. India, the largest democracy in the world, with its consistent

India And Pakistan

444 words - 2 pages claimed anybody could walk in to either country, but also because neither Hindus nor Muslims have ever been accepting of either religion. Since this first dispute directly after independence, India and Pakistan have been in 3 major wars (The Indo-Paki wars of 1947,1965 & 1999), one undeclared war and countless military stand-offs many of which regard the Kashmir. The Kashmir is a small piece of land located north of India and North West of

Network 18

1022 words - 5 pages Services and Publishing Outsourcing services. * The company also owns Viacom 18,which has channel like Colors TV,MTV India,Nick India and VH1 India. Viacom 18 has plans to launch a Hindi movie channel and some regional-language channels in near future.[3] * Sun 18 -In 2010 it entered into JV with Sun Network to distribute its channels through cable, DTH, IPTV, HITS and MMDS.Sun18 Media Services North and South were formed. Sun 18 South

East African's Great Rift Valley: A Complex Rift System

1715 words - 7 pages two plates are moving away form each other and also away from the Arabian plate to the north. The point where these three plates meet in the Afar region of Ethiopia forms what is called a triple-junction. However, all the rifting in East Africa is not confined to the Horn of Africa; there is a lot of rifting activity further south as well, extending into Kenya and Tanzania and Great Lakes region of Africa. The purpose of this paper is to discuss

Marketing Strategies

5782 words - 24 pages . [] Accessed on June 23, 2012. [8] McDonald’s India (North East)Media Fact Book_October 2011. ['s%20india%20(North%20%20East)%20%20Media%20Fact%20Book_October_2011.pdf ] Accessed on June 30, 2012. [9] Mega Achievers Club- Big Mac gets the format right, 4PS Business and Marketing, Issue January, 2012. [http://www

Working Of Indian Democracy

1062 words - 5 pages country. On the basis of number of voters, India is known as the largest democracy of the world. In India elections are held from time to time so that the voters may choose and change their representatives. Voters vote in a free and frank manner so as to register their will in the battle of ballot box. All the citizens irrespective of their caste, colour, creed, language and sex are given right to vote. Our country ensures universal adult franchise to

Studying Locally And Studying Overseas

547 words - 3 pages does not yet include the expenditure for accommodation, food and transportation. Contradictory, studying locally is much cheaper. Moreover, the presence of government universities help student to pay cheaper college fees. Even if the students don’t study in a government college or university, there are quite a high number of financial aids being provided as loans or scholarships. The expenditure for accommodation, transportation, and basic needs

Business In Asia

4023 words - 17 pages Research Assignment: “Asia’s performance during the global financial crisis has highlighted its flexibility. This flexibility, in part, arises from transformations undertaken in response to the Asian financial crisis a decade earlier.” Student Name: Eric Rodrigues Student Name: Mehmet Edib Unal Introduction The Asian Financial Crisis occurred during the year 1997-1998, and is explained well in brief by Galina Hale “East Asian

Related Essays

Micro Finance Essay

5439 words - 22 pages practices of micro-finance in India there has been a lot of disputes and discussions. Some believe that economic prosperity cannot come without financial inclusion. Micro-finance is considered as a way for financial inclusion in our country particularly in rural areas. Micro-finance has made considerable contribution in financial inclusion and economic prosperity especially in rural areas. Some are of the view that micro-finance is a myth as

India An Emerging Economy Essay

994 words - 4 pages were subjected to colonialism for 190 years under the British crown, and since 1947, their whole system had be reviewed. But this is also why India has a relatively new infrastructure and a new financial system. Nowadays, India’s growth rate of gross domestic product is overwhelmingly larger than in traditionally strong economies, such as the United States and Germany. Source: - gross-domestic-product-gdp-growth-rate-in

Textile Insdutries Guatemala And India Essay

4120 words - 17 pages bounded by the Indian Ocean on the south, the Arabian Sea on the west, and the Bay of Bengal on the east; and it is bordered by Pakistan to the west; China and Nepal to the north; and Bangladesh and Burma to the east. In the Indian Ocean, mainland India and the Lakshadweep Islands are in the vicinity of Sri Lanka and the Maldives, while India's Andaman and Nicobar Islands share maritime border with Thailand and the Indonesian island of Sumatra in

Insurance Sector In India Essay

328 words - 2 pages entities held by the NOFHC. However RBI put a stricter condition of having 25% of its branches in unbanked rural area. with population upto 9999 . New banks should achieve priority sector lending target of 40%. Foreign share holding in the new bank does not exceed 49% for the first five years after which it can be extended as per policy norms. In India 60% of population is away from banking services, the steps to give more license to private sector banks, will become a mile stone for financial inclusion, financial literacy and Poverty eradication .