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- Title
Financial Inclusion in Uttar Pradesh: The Case of Urban Cooperative Banks.
- Authors
Kumari, Reena; Reena
- Abstract
Financial development plays an important role in economic development through forward linkages. In a developing country like India, a distinct transformation of far reaching significance occurred in the financial sector as it assumed a broad mass and emerged as an important instrument for socio-economic changes. A number of revolutions have been made in this regard such as expansion of bank branches, credit-deposit facility, loan facility, etc. However, the country has not been able to reduce poverty and inequality due to poor performance of services and overall poor development of financial sector. The paper is an empirical analysis using different indicators related to financial development and compared interdistrict variation in 'Index of Financial Inclusion' (IFI) for Uttar Pradesh. On the basis of composite index an attempt has been made to identify the financially backward regions/districts in the state. Further, the study analyses the role of cooperative banks in avoiding financial exclusion in the western region of Uttar Pradesh. The study concludes that different districts of state are in different level of financial inclusions, i.e. they are heterogeneous in terms of attainment of IFI score. It has been found that Western Uttar Pradesh region has better financial inclusion as Urban Cooperative Banks (UCBs) played an important role in terms of technical efficiency.
- Subjects
INDIA; FINANCIAL economics; ECONOMIC development; BRANCH banks
- Publication
Prajnān, 2015, Vol 43, Issue 4, p417
- ISSN
0970-8448
- Publication type
Article