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- Title
An Empirical Study of Experts Opinion about the Role of Public Sector Banks in Enabling Financial Inclusion Schemes.
- Authors
Bhatty, Amrita; Khan, Farhina Sardar; Mazhar, Syed Shahid
- Abstract
The paper focusses on the approaches adopted by different banking institutions in India for achieving the aim of financial inclusion for an all-inclusive growth in the country and for analyzing the progress as well as achievements. With the help of financial inclusion, it is possible to achieve inclusive and equitable growth of a country. Financial inclusion is meant for the delivery of the apt financial service at affordable cost, and a timely basis to the most vulnerable groups, like the weaker sections and the lower income segments. These people do not have proper access and reach for even some of the most basic financial and banking services. The present study has been done for understanding financial inclusion and its significance for the overall development of the economy and the society. A sample of 226 respondents was surveyed to learn the role of public sector banks in enabling and implementing financial inclusion schemes. Mean and multiple regression tests were applied to get the results. It is concluded that there is significant role of the public sector banks in effective implementation of financial inclusion schemes.
- Subjects
INDIA; EMPIRICAL research; POLYSEMY; INCOME; PRIVATE banks; FINANCIAL services industry; BANKING industry; OCCUPATIONAL achievement
- Publication
International Management Review, 2022, Vol 18, p34
- ISSN
1551-6849
- Publication type
Article