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Financial Inclusion Through Banking Services with Special Reference to Rural Population in Cheyyar Taluk

Issue Abstract

Abstract
Financial Inclusion (FI) plays a very vital role in the growth of Indian Economy. Financial inclusion is the delivery of financial services at affordable costs to various sections of the society. It is an essential tool through which goals like sustainable economic development, social development, and empowerment of under privileged can be achieved. Financial inclusion educates the vulnerable groups of the population as financial literate. This study focuses on the level of awareness on financial inclusion through banking services among the rural people. This study has been conducted in select rural areas in Cheyyar Taluk. Primary data were collected through structured interview schedule. The required secondary data were through E-Journals, articles and books. Convenience sampling method is used for the study. Percentage Analysis, ANOVA, Chi-Square, Cronbach's Alpha, and Factor
Analysis are the statistical tools applied to interpret the results. The research has revealed that there is limited access to banking services and loan facilities in the rural areas. The study has also concluded that the level of awareness should be increased, to have more access in baking services and to avoid the dependability on access to ATM’s, internet banking and to filling up of the bank forms.
Keywords: Financial Inclusion, Awareness of Banking Services, Banking Charges, Bank Loans


Author Information
Dr. J. Srinivasan.
Issue No
3
Volume No
4
Issue Publish Date
05 Mar 2018
Issue Pages
93-102

Issue References

References

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