Financial inclusion in north-eastern region: an investigation in the state of Assam
Purpose – Access to finance, especially by the poor and marginalized section of the population, is a prerequisite for creating employment opportunities, economic growth, poverty reduction and social cohesion. Access to finance makes transactions quicker, cheaper and safer. Most people around the wor...
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| Format: | Article |
| Language: | English |
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Emerald Publishing
2022-07-01
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| Series: | Vilakshan (XIMB Journal of Management) |
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| Online Access: | https://www.emerald.com/insight/content/doi/10.1108/XJM-09-2020-0118/full/pdf |
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| author | Sudarshan Maity Tarak Nath Sahu |
| author_facet | Sudarshan Maity Tarak Nath Sahu |
| author_sort | Sudarshan Maity |
| collection | DOAJ |
| description | Purpose – Access to finance, especially by the poor and marginalized section of the population, is a prerequisite for creating employment opportunities, economic growth, poverty reduction and social cohesion. Access to finance makes transactions quicker, cheaper and safer. Most people around the world having an account in a formal financial institution serve as an entry point into formal financial sector. This study aims to analyze the status of financial inclusion in Assam with respect to demographic penetration, geographic penetration and usage ratio, i.e. credit–deposit ratio. Design/methodology/approach – The study covers a period of 12 years from 2007–08 to 2018–19. Both the parametric and non-parametric statistical tools have been used to analyze the various dimensions of financial inclusion. Findings – The study clearly indicates that there is a significant difference between Assam and aggregate India in financial inclusion and the status of Assam is somewhat lower as compared to the aggregate financial inclusion status of India. To achieve a satisfactory level of financial inclusion, it is not enough to open a bank account for the excluded people, but banks must look at flexibility and timeliness in services to offer a complete package to this segment of the population. Originality/value – The study is a significant attempt to meet the shortcomings and improve banking coverage for achieving financial inclusion. |
| format | Article |
| id | doaj-art-409fb9209c2f46509de6d0b1c455facd |
| institution | OA Journals |
| issn | 0973-1954 2633-9439 |
| language | English |
| publishDate | 2022-07-01 |
| publisher | Emerald Publishing |
| record_format | Article |
| series | Vilakshan (XIMB Journal of Management) |
| spelling | doaj-art-409fb9209c2f46509de6d0b1c455facd2025-08-20T01:58:43ZengEmerald PublishingVilakshan (XIMB Journal of Management)0973-19542633-94392022-07-0119220622110.1108/XJM-09-2020-0118Financial inclusion in north-eastern region: an investigation in the state of AssamSudarshan Maity0Tarak Nath Sahu1The Institute of Cost Accountants of India Kolkata IndiaDepartment of Commerce, Vidyasagar University Midnapore IndiaPurpose – Access to finance, especially by the poor and marginalized section of the population, is a prerequisite for creating employment opportunities, economic growth, poverty reduction and social cohesion. Access to finance makes transactions quicker, cheaper and safer. Most people around the world having an account in a formal financial institution serve as an entry point into formal financial sector. This study aims to analyze the status of financial inclusion in Assam with respect to demographic penetration, geographic penetration and usage ratio, i.e. credit–deposit ratio. Design/methodology/approach – The study covers a period of 12 years from 2007–08 to 2018–19. Both the parametric and non-parametric statistical tools have been used to analyze the various dimensions of financial inclusion. Findings – The study clearly indicates that there is a significant difference between Assam and aggregate India in financial inclusion and the status of Assam is somewhat lower as compared to the aggregate financial inclusion status of India. To achieve a satisfactory level of financial inclusion, it is not enough to open a bank account for the excluded people, but banks must look at flexibility and timeliness in services to offer a complete package to this segment of the population. Originality/value – The study is a significant attempt to meet the shortcomings and improve banking coverage for achieving financial inclusion.https://www.emerald.com/insight/content/doi/10.1108/XJM-09-2020-0118/full/pdfFinancial inclusionBank branchUsage ratio |
| spellingShingle | Sudarshan Maity Tarak Nath Sahu Financial inclusion in north-eastern region: an investigation in the state of Assam Vilakshan (XIMB Journal of Management) Financial inclusion Bank branch Usage ratio |
| title | Financial inclusion in north-eastern region: an investigation in the state of Assam |
| title_full | Financial inclusion in north-eastern region: an investigation in the state of Assam |
| title_fullStr | Financial inclusion in north-eastern region: an investigation in the state of Assam |
| title_full_unstemmed | Financial inclusion in north-eastern region: an investigation in the state of Assam |
| title_short | Financial inclusion in north-eastern region: an investigation in the state of Assam |
| title_sort | financial inclusion in north eastern region an investigation in the state of assam |
| topic | Financial inclusion Bank branch Usage ratio |
| url | https://www.emerald.com/insight/content/doi/10.1108/XJM-09-2020-0118/full/pdf |
| work_keys_str_mv | AT sudarshanmaity financialinclusioninnortheasternregionaninvestigationinthestateofassam AT taraknathsahu financialinclusioninnortheasternregionaninvestigationinthestateofassam |