CHAPTER 4

A STUDY OF FINANCIAL INCLUSION AND

BANKING BEHAVIOUR AMONG COMMON PEOPLE –
AN ANALYSIS
A STUDY OF FINANCIAL INCLUSION AND BANKING
BEHAVIOUR AMONG THE COMMON PEOPLE IN
VELLARADA PANCHAYATH

This chapter consists of data analysis and interpretation. The collected data are
analysed and interpreted for making meaningful judgement about the data. The area
under the study was limited to Vellarada panchayath. Fifty respondents are selected
from Vellarada panchayath through convenient sampling method. Questionnaire was
used to collect the primary data. The analysis and the interpretation of data for using
simple mathematical and statistical techniques like percentage, average, mean etc.

The result of the analysis is shown below.

Gender

The table 4.1 shows the gender details of the respondents.

Table 4.1
Analysis based on Gender
SL Gender Number of
No respondents percentage
1 Male 27 45
2 Female 33 55
Total 60 100
Source: primary data
The table 4.1 shows that out of 50 respondents 56% were female and 44% were male.
 Age

The Table 4.2 shows the age details of the respondents.

SL Age Number of respondents Percentage

NO.

1. Below30 18 30
2. 31-40 19 32
3. 41-50 17 28
4. 51-60 4 6
5. Above 60 2 4
Total 60 100
Source: primary data

The table 4.2 shows that most of the respondents belong to the age group of 31 – 40
(32%). Respondents below the age of 30 are about 32%. 28% of the respondents are
of the age between 41 and 50. 6% of the respondents belong to the age of 50 and 60.
Only 2 of the respondents ie 4% are above the age of 60.

Chart 4.2

Age
35% 32%
30%
30% 28%

25%

20%

15%
10% 6%
4%
5%
0%
Below 30 31 – 40 41 – 50 50 – 60 Above 60

Below 3031 – 4041 – 5050 – 60Above 60

Educational Qualification

The Table 4.3 shows the information about the educational qualifications of
respondent that is, no formal education, Up to 7th standard, Secondary, Higher
Secondary, UG or PG and above.
Table 4.3
Age
Analysis based on Educational Qualification
SL.
35% 32%
Educational
30% Qualification
28%
Number of Percentage
30%
NO. respondents
25%
1 No formal education 13 26
20%.
2
15% Up to 7th standard 14 28
.
10%
3 Secondary 9 6% 18
4%
5%.

0%4 Higher Secondary 7 14

. Below 30 31 – 40 41 – 50 50 – 60 Above 60
5 UG 4 8
Below 3031 – 4041 – 5050 – 60Above 60
.
6 PG and above 3 6
.
Total 50 100
Source: Primary data

The table 4.3 shows that most of the respondents (28%) have only studied to 7th
standard. 26% of the respondents do not have any formal education. 9 of the
respondents have a secondary level education. 14% of the respondents are have a
higher secondary education and 8% have achieved an UG. Only 3 of the total
respondents have achieved a PG and above.
 Educational Qualification
30% 28%
26%
25%
20% 18%
15% 14%
10% 8%
6%
5%
0%
No formal Up to 7th Secondary Higher UG PG and above
education standard Secondary
No formal education Up to 7th standard Secondary Higher Secondary UG PG and above
Occupation

The Table 4.4 shows the information about the occupation of the respondents.
They included Daily Wagers, Self Employed, Businessmen, Private Job, Government
employees and No Job.
Table 4.4
Analysis based on Occupation

SL. Occupation Number of Percentage

NO. respondents
1 Daily Wages 31 52
.
2 Self Employed 5 8
.
3 Business 7 2
.
4 Private Job 4 12
.
5 Govt. Job 12 6
.
6 No Job 10 20
.
Total 60 100
Source: primary data

The table 4.4 shows that more than half of the total respondents (52%) work
on daily wages basis. 20% of the respondents currently have no job. 12% of the
respondents have a private job. 8% of the respondents are self-employed. 3 of the
respondents have a Government job and one of the respondents is doing a business.
Chart 4.4

Occupation
60% 52%
50%

40%
20%
30% 12%
8% 6%
20% 2%

Daily Wages Self Employed Business Private Job Govt. Job No Job
Marital status

The Table 4.5 shows the details about the marital status of the respondents.
Table 4.5
Analysis based on Marital Status

SL.
Marital status Number of Percentage
NO. respondents
1 Single 7 14
.
2 Married 35 70
.
3 Widow 8 16
.
Total 50 100
Source: primary data

The Table 4.5 shows that 70% of the respondents are married. 16% of
the respondents are widows. 7 of the respondents that is 14% are single.
Annual Income

The table 4.6 shows the details about the annual income of the respondents.

Table 4.6
Analysis based on Annual Income
SL.
Annual Income Number of Percentage
NO. respondents
1 Below 5000 40 80
.
2 5000 – 10000 7 14
.
3 Above 10000 3 6
.
Total 50 100
Source: primary data

The Table 4.6 shows that 80% of the respondents have income below
5000Rs. 14% of the respondents have the income between 5000rs and 10000 rs.
Only 7% of the respondents have an income above 6%.
 Responsibility of money management

The table 4.7 shows the details whether the money management
responsibility of the family is vested with the male member or the female
member or done by both of them.

Table 4.7
Analysis based on responsibility of money management
SL. Responsibility of money
Number of Percentage
NO. management in family respondents
1. Male member 13 26
2. Female member 12 24
3. Both 25 50
Total 50 100
Source: primary data
The Table 4.7 shows that in 50% of respondent families both the male
and female members have the money management responsibility. In 26% of the
families the money management is done by the female members. In 24% of the
families, this is done by the male member.
Awareness about bank and bank related services

The table 4.8 shows the details of awareness about bank and bank related
services of the respondents.

Table 4.8

Analysis based on awareness of bank and related services

SL.
Awareness level Number of Percentage
NO. respondents
1 Aware 40 80
.
2 Not aware 10 20
.
Total 50 100
Source: primary data

The table 4.8 shows that 80% of respondent were aware about bank and
bank related services and rest of 20% not aware about the bank and bank related
services.
Bank Account

The Table 4.9 shows the details about how many of the respondents have a bank
account.

Table 4.9
Analysis based on availability of bank account
SL.
Bank Account Number of Percentage
NO. respondents
1 Yes 50 100
.
2 No 0 0
.
Total 50 100
Source: primary data

The Table 4.9 shows that 100% of the respondents have a bank account.
Bank in which Account is maintained

The table 4.9.1 shows the details about the banks in which the accounts
are maintained by the respondents. State Bank of India, Federal Bank, Union
Bank, Gramin Bank and Cooperative Bank are the common banks in Amboori.
Table 4.9.1
Analysis based on the banks in which account is maintained
SL. Name of bank in which
account is maintained Number of Percentage
NO. respondents
1. State Bank of India 15 30
2. Federal Bank 18 36
3. Union Bank 2 4
4. Gramin Bank 5 10
5. Cooperative Bank 10 20
Total 50 100
Source: primary data
The Table 4.9.1 shows that out of the 50 respondents 36% have an
account in the Federal bank, 30% (15) have an account in the State bank of India
10 of the respondents have an account in the cooperative bank. 10% of the
respondent have account in the Gramin account. Only 2 of the respondents have
a account in the Union Bank.
Whether maintaining more than one account

The Table 4.10 shows whether the respondents are maintaining accounts
in more than one bank or not.

Table 4.10
Analysis based on whether accounts are maintained in more than one bank

SL. Maintaining accounts in more

than one bank Number of Percentage
NO. respondents
1. Yes 28 56
2. No 22 44
Total 50 100
Source: primary data

The Table 4.10 shows that more than half of the respondents, who have a
bank account, are currently maintaining accounts in more than one bank. 44% of
the respondents are not having an account in more than one bank.

Chart 4.10
Category of bank in which account is maintained

The Table 4.10.1 gives the information about the categories of the
bank in which the accounts are maintained.
Table 4.10.1
Analysis based on category of banks
SL. Category of bank in which Number of
Percentage
NO. account is maintained respondents
1 Public sector and cooperative 8 28.6
.
2 Public sector bank 7 25
.
3 Private 9 32.1
.
4 Private and public sector 2 7.1
.
5 Cooperative 2 7.1
.
6 No response 0 0
.
Public sector, Private and
7 0 0
. cooperative
8 Private and cooperative 0 0
.
Total 2 100
8
Source: primary data
The Table 4.10.1 shows that among the respondents who are maintaining
more than one bank account,32.1% are having accounts in the private sector
banks. 28.6% are having an account in the public and cooperative sector bank.
25% are maintaining their accounts in the public sector banks. 7.1% are
maintaining accounts in private and public sector and cooperative sectors each.
Chart 4.10.1