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Article
Publication date: 3 July 2017

Saibal Ghosh

The purpose of the paper is to understand the interlinkage with financial inclusion and how it interacts with biometric identification. To investigate this in detail, the…

Abstract

Purpose

The purpose of the paper is to understand the interlinkage with financial inclusion and how it interacts with biometric identification. To investigate this in detail, the authors employ household-level data on India to examine the interlinkage among Prime Minister Jan Dhan Yojana (PMJDY) account, Aadhaar card and mobile telephony.

Design/methodology/approach

Given the survey data, the authors employ 3 stage least squares (3SLS) methodology to explore the association among these key variables, while controlling for other household, district and economy-wide factors.

Findings

The findings provide strong evidence of complementarity among these variables, with each tending to reinforce the other. This complementarity is reflected primarily in respect of PMJDY and Aadhaar, but much less so with regard to mobile telephony. Additionally, this complementarity is manifest more prominently in the long run, although it is much less so in the short run.

Originality/value

To the best of the authors’ knowledge, this is one of the earliest studies for India to systematically examine the Jan-Dhan-Aadhaar-Mobile (JAM) trinity.

Details

International Journal of Development Issues, vol. 16 no. 2
Type: Research Article
ISSN: 1446-8956

Keywords

Content available
Book part
Publication date: 4 October 2017

Raji Ajwani-Ramchandani

Abstract

Details

The Role of Microfinance in Women’s Empowerment
Type: Book
ISBN: 978-1-78714-426-2

Content available
Book part
Publication date: 13 March 2020

Rashmi U. Arora

Abstract

Details

Gender Bias and Digital Financial Services in South Asia
Type: Book
ISBN: 978-1-83867-855-5

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Article
Publication date: 4 May 2018

Nisha Bharti

Lack of access to finance is one of the major contributing to low profitability in agriculture. Various policy interventions were performed for promoting access to…

Abstract

Purpose

Lack of access to finance is one of the major contributing to low profitability in agriculture. Various policy interventions were performed for promoting access to finance. However, access to finance always remained one of the biggest challenges to Indian policymakers. The purpose of this paper is to explore the policy interventions in the areas of agriculture finance.

Design/methodology/approach

This paper makes an attempt to explore the relation of earlier policy initiatives with the current microfinance industry as well. The data for the paper are collected from Reserve Bank of India Archive Museum at Pune. This Museum is having huge collection of archives of policy documents of the Indian financial sector and is one of its kinds in India.

Findings

The study concludes that many of the interventions of today were earlier experimented or proposed in the past but, due to some or the other reason those, interventions were not successful. The study concludes that if those interventions had been implemented that time, it would have taken India in one of the tops in the list of financial inclusion.

Originality/value

This paper is a unique in its feature as it has tried to link the evolution of agriculture finance and the microfinance industry of India as microfinance is an integral part of agricultural finance in India.

Details

Agricultural Finance Review, vol. 78 no. 3
Type: Research Article
ISSN: 0002-1466

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Abstract

Details

The Role of Microfinance in Women’s Empowerment
Type: Book
ISBN: 978-1-78714-426-2

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Article
Publication date: 15 August 2018

Dipasha Sharma, Sonali Bhattacharya and Shagun Thukral

This study attempts to critically assess one of the financial inclusion policy “Pradhan Mantri Jan Dhan Yojna” introduced by the government of India in 2014.

Abstract

Purpose

This study attempts to critically assess one of the financial inclusion policy “Pradhan Mantri Jan Dhan Yojna” introduced by the government of India in 2014.

Design/methodology/approach

Number of bank accounts opened (rural, urban and overall) under the policy, total balance in such account and total number of debit cards issued till October, 2017 were taken as the criterion variables. The macroeconomic indicators, infrastructure, literacy, regional dummy and percentage labour participation were taken as predictors. Finally, a State index for financial inclusion under the policy was developed through Normalized Inverse Euclidean Distance using per capita number of accounts, total balance and number of debit cards issued as the parameters.

Findings

Andaman and Nicobar, Puducherry and Chandigarh came out to be the top three State indexes for Financial Inclusion under the policy. Status of infrastructure (such as number of roads) was found to be the most significant determining factor. Other factors were labour force participation, poverty and regional disparity.

Originality/value

This paper is unique in the sense that financial inclusion policy has been assessed both through its reachability and assessment of its predictors.

Details

International Journal of Ethics and Systems, vol. 34 no. 3
Type: Research Article
ISSN: 0828-8666

Keywords

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Article
Publication date: 12 March 2021

Quanda Zhang, Rashmi Arora and Sisira Colombage

Bank branching plays a significant role in a wide range of economic activities. Existing studies on determinants of bank branching activities largely focus on developed…

Abstract

Purpose

Bank branching plays a significant role in a wide range of economic activities. Existing studies on determinants of bank branching activities largely focus on developed countries; studies devoted to developing countries are scant. The purpose of this paper is to examine the determinants of bank branching activities in one of the largest developing country India.

Design/methodology/approach

The authors employ a unique longitudinal data to study the determinants of bank branch location in India. These data are collected at the state level covering 25 Indian states for the period 2006–2017. The authors employ Poisson regression that are better suited for modeling counted dependent variable.

Findings

First, region and bank specific factors such as size of population and bank deposits influence location of bank branches. Second, the relationship between these factors and branch locations is heterogeneous across different types of banks and across states with different business environments.

Practical implications

First, from the view of banks, considering the factors of branch location are crucial in order to set out branching strategy. Irrespective of policy measures aimed at promoting financial inclusion in India, the authors show that banks consider economic activities in the region in locating their branches. Second, from the view of policy makers and regulators, such branching strategy could potentially contribute to financial exclusion. As a result, population in the less developed regions may be excluded from accessing financial services. Hence, policy makers and regulators should take into this account when formulating policies aimed at promoting financial inclusion.

Originality/value

First, while existing studies largely focus on developed countries, studies devoted to developing countries are scant. To the best of our knowledge, the authors have not come across any study that investigates the determinants of bank branch location in India, so the authors reasonably believe that this study is a first-of-its-kind. Second, the study provides a new perspective concerning how regional and bank specific factors influence banks of different ownership in locating branches. Third, while traditional regression used to be a method of choice among early studies, the authors employ Poisson regression that is better suited for modeling counted dependent variable.

Details

International Journal of Bank Marketing, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0265-2323

Keywords

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Expert briefing
Publication date: 17 March 2017

Banking access in India.

Details

DOI: 10.1108/OXAN-DB218682

ISSN: 2633-304X

Keywords

Geographic
Topical
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Expert briefing
Publication date: 23 November 2016

Economic impact of demonetisation.

Details

DOI: 10.1108/OXAN-DB216178

ISSN: 2633-304X

Keywords

Geographic
Topical
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Article
Publication date: 9 July 2018

Sucheta Agarwal and Usha Lenka

The spirit of entrepreneurship among nationals of a country leads and contributes significantly to the growth process of a country. In this drive, there cannot be gender…

Abstract

Purpose

The spirit of entrepreneurship among nationals of a country leads and contributes significantly to the growth process of a country. In this drive, there cannot be gender biases among men and women. The government in India has taken several initiatives to increase the participation of women entrepreneurs and, thus, making a partner to the growth and development process of the country. The initiatives in this direction were taken up through five-year development policy plans commencing from the fifth five-year plan (1974-1978). The focus of five-year plans since then has been reoriented toward women welfare stressing more specifically on women empowerment through women entrepreneurship programs. The purpose of this paper is to appraise the series of development plans and programs initiated for the empowerment of women entrepreneurship in India.

Design/methodology/approach

The paper is developed based on the concepts, policies and practices being implemented across the regions to promote women entrepreneurs. The methodology adopted to assess and analyze the relevant components very much matches the existing practices. The paper relates the concepts, programs and practices. This study has revealed certain issues based on the available data and information on women entrepreneurship to establish a view and rational as of why research is needed in the area of women entrepreneurship. To support this concept, the study has considered the experiences of two important states of India, namely, Uttar Pradesh and Uttarakhand.

Findings

The study reveals that Government of India has launched several policies and development programs to infuse the spirit of entrepreneurship among the women groups and thereby not only making them financially self-sustained but also to contribute to the growth process of the economy. However, there remain many gaps in achieving the goals due to the variety of factors. This becomes more significant as the level of women entrepreneurship in India is very low as compared to other economies and also between the men and women entrepreneurs within the country. The study brings out the need and importance for the future research in the area of women entrepreneurship and thereby exploring the areas of concern and bringing out needed improvements to strengthen the women entrepreneurship programs and policies.

Originality/value

This research provides a future direction to the academicians, researchers and policymakers to provide a framework to reorient the programs and policies for the cause of women entrepreneurship growth in India. The paper very much emphasis that the research findings will have influence on government policies and serve as an effective tool for implementation of state programs meant for woman entrepreneurs more effectively and efficiently. The ultimate impact of research findings will be an economic change in the quality of life of woman enterprise in the society.

Details

International Journal of Social Economics, vol. 45 no. 7
Type: Research Article
ISSN: 0306-8293

Keywords

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