1.

Financial inclusion and the impact of financial inclusion on socio-

economic development. The chapter concluded with research gap
and proposed model on the basis of reviewed literature.
2. and Uttar Pradesh have high financial inclusion, under the medium
category Kerala, Tamil Nadu, Punjab and West Bengal are falling
3. unemployment and disparities in income distribution can be
reduced through financial inclusion, and micro
4. negative influence on deposit penetration. Level of economic
condition is a vital determinant of financial inclusion
5. the number of households with a Bank Account. Although 36% of
the sample remained excluded from any kind of formal or
6. the role of financial inclusion in empowering rural households in
India. Found that
7. empowerment of poor, and low skilled rural households. It aims at
lifting the financial condition, improving the standard of living, giving
access to affordable financial services especially credit
8. annual income, age group and ownership of occupied house
influence financial inclusion from demand side. Whereas media
exposure, typology (rural/urban), gender issues, exposure to radio
and marital status
9. Sarma (2010) Measured the extent of financial inclusion across
different economies and monitored progress with respect to
financial inclusion over time.
10. penetration, availability and usage are the indicators of financial
inclusion. Austria tops the chart of International Financial Inclusion
amongst 49 economies with an IFI value of 0.953
11. the impact of access to financial services on household investment.
12. that an access to financial services enables households to invest in
activities which leads to
13. growth. It was also revealed that if barriers viz. high charges,
minimum balance requirement, lack of financial literacy are
reduced then it can instigate investments thus contributing to
growth and poverty reduction.
14. study the breadth & depth of financial inclusion in rural south India
and also validate the claims of financial reach & breadth.
15. middle caste people having informal loans and households with low
level of education are likely to be financially excluded.
16. Anjuman (2011) Analysed the impact of SHG- bank linkage
program on promotion of financial inclusion, assessed association
between the degree of financial inclusion participation in SHGs and
also determined the gender equity in financial inclusion.
17. significant impact on the access to financial services in terms of
borrowing by households.
18. SHG bank linkage program augmented the gradation of financial
inclusion among the landless but no linkage could be inferred
19. Pais (2011) Examined the relationship between financial inclusion
& development and investigated the factors associated with
financial inclusion.
20. socio-economic variables (GDP per capita, higher income level,
literacy and urbanization) and 2) infrastructural variables (network
of paved road, telephone
21. there exists no difference between Haryana & India regarding
availability of banking services in terms of population per Bank
office.
22. Rachana (2011) Studied financial inclusion in rural areas,
determined the reasons for low inclusion, satisfaction level of the
rural people towards banking services and assessed the
performance of the banks working in rural areas. 17% of the
sample
23. lower educational qualification and lower annual income of rural
public. Rural people were not much satisfied with the services
provided by Banks, NGOs and government. Although banks have
a good rural coverage yet most of them are
24. Pandey& Kumar (2011) Focussed upon the achievement of the
micro finance services towards financial inclusion. Micro finance
institutions
25. NGOs, MFI, cooperatives, SHGs and NBFCs are constantly
connecting the poor with NABARD, RRBs, SIDBI and other
commercial banks to
26. Sahoo (2011) Examined the role of micro finance in empowering
people and realization of financial inclusion in India. While 54% of
the farmers are financially excluded, 73% don't have an access to
formal sources of credit.
27. only 45% of these households are indebted to either formal or non-
formal sources of finance.
28. Critically analyzed the spread of SCBs and progress of the SHG-
bank linkage program.
29. literacy has a very high impact on poverty alleviation and hunger
reduction.
30. Venkataramaraju& Ramesh (2011) Focussed on various aspects
of financial inclusion in India, UK & US in conjunction with an
analysis of its outcome in India and factors influencing it.
31. limited literacy, level of income, terms & conditions, complicated
procedures, legal identity, psychological and cultural barriers, place
of living and lack of awareness.
32. Goel et al. (2011) Aimed to show how the banking correspondent
model can create financial inclusivity and help in empowering
people. Also evaluated the impact of the BC model in India so far.
33. Kumar & Sharma (2011) Studied the extent of financial inclusion in
India through micro finance and discussed the required means for
people empowerment & financial inclusion.
34. Swamy (2011) Evaluated the coverage, progress & trends of
financial inclusion in India. Coverage through number of banks is
not adequate enough for the large population living in rural areas.
35. six regions of the country viz., northern, north-eastern, eastern,
central, western & southern regions. Agri-credit as a ratio of total
credit is still below the level of 1970's
36. continuous downslide in the contribution of agriculture to the GDP.
Large number
37. Prasannakumari (2011) Examined the role of financial inclusion on
rural development through micro finance beneficiaries in
Rajapalayam block of Virudhnagar district of Tamil Nadu. Also to
study the relationship between financial inclusion &
38. Bihari (2011) Introduced the term financial inclusion highlighted its
global & national scenario. Also presented the
39. Lack of awareness, unsuitability of the financial products, unfriendly
&unempathetic attitude attitude and exorbitant & often times non-
transparent fees
40. side factors whereas high transaction costs, lack of infrastructure,
lack of communication, and low literacy levels
41. Latif et al. (2011) Investigated the sustainability of micro-credit
system in Pakistan and determined its impact on poverty
alleviation.
42. Examined the relationship between financial inclusion & economic
development and also determined the factors associated with
financial inclusion.
43. economic development. No significant difference exists amongst
Indian states with regard to financial inclusion. The study also
shows that per capita NSDP directly predicts financial inclusion
while employment rate does not. Among social development
indicators, urbanization positively explores financial inclusion while
literacy rate, urban population as per cent of total population & sex
ratio does not.
44. measure the inter-state variations in the access to finance using a
composite index of financial inclusion and to identify factors that
are responsible for creating obstacles in the process of financial
inclusion in rural West Bengal.
45. of financial inclusion the results showed that Chandigarh is at the
top and Manipur is at the bottom among different states of India.
District-wise variation is not so distinguishing because most of the
districts belong to lower financial inclusion category.
46. economic status of the household, level of education, assets
holding,rural development, non-farm employment
47. positive correlation between financial inclusion and human
development i.e., higher the level of financial inclusion higher will
be the level of
48. assess the relationship between financial inclusion and growing of
Indian banking system. The study revealed that there exists a
positive correlation between growth of banking system
49. that financial inclusion leads to economic growth, raising standard
of living, equality, etc. 29 Ramasubbian&Duraiswamy (2012)
Analysed the issues pertaining to implementation of financial
inclusion in economically down trodden district of Tamil Nadu.
50. granting overdraft facilities in savings bank accounts & providing
banking services at the doorstep of villages through smart card
51. banks had been entrusted with the task of implementing financial
inclusion
52. Thangavel (2012) Analysed the impact of SHG bank linkage
programme in the promotion of financial inclusion in rural areas
and role of bank in the upliftment of landless SHG members.
53. majority of SHG members viz. 33.9% have savings in post
office/insurance only 18.15%
54. members have savings in bank accounts. Institutional credit to
landless members is available only through SHG.
55. society, who do not have any access to the formal banking system,
at affordable costs. 32 Gupte et al. (2012) Aimed to study the
determinants that measure the extent of financial inclusion and
focussed on the computation of an index that would
comprehensively capture the impact of
56. outreach i.e., penetration & accessibility is directly proportional to
the financial inclusion index. Furthermore, it was also disclosed that
there is a direct relationship between the usage & other variables
viz. volume of deposits & loans as a percent of GDP. In
57. case of ease of transactions, the number of location to open
deposits/loan account & submit loan application, these 2 variables
are directly related to dimension