Impact of Financial Inclusion on People of Rural Areas in India

Bc. Purvang Jashvantbhai Trambadia

Bachelor's thesis

Abstract:

This thesis focuses on impact of financial inclusion on the people of rural areas of India. The thesis examines the level of financial literacy among rural people about various financial products and services. It also identifies the impact of various initiatives, schemes and programs introduced by RBI and government of India in order to achieve the financial inclusion. This thesis is divided into two parts. The first part contains information about the definition of financial inclusion, factors affecting financial inclusion as well as about the various initiatives taken by RBI for financial inclusion and various schemes launched by government of India for financial inclusion in the part of literature review in thesis. Here, the information about is gathered from secondary resources like publications, journals, books, etc. The second part of the thesis includes the analysis of primary data. A structured questionnaire is designed to collect the data from rural people in order to know about level of financial literacy and access to financial products by them. India is the targeted country for collecting the primary data. The sample size is 150 respondents which are selected randomly. The analysis of collected data has been done by using SPSS Software. The data is analysed by using various statistical tools such as the hypothesis testing and one variable analysis etc. The findings and recommendations are provided in the thesis based on the analysis.

Keywords

Financial inclusion, Financial literacy, Pradhan Mantri Jan Dhan Yojana, RBI initiatives, Sustainable economic growth, financial stability, Weaker section

Language used: English

Date on which the thesis was submitted / produced: 2. 12. 2021

Thesis defence

• Supervisor: Ing. Lenka Rumánková, Ph.D.

Czech University of Life Sciences Prague

Faculty of Economics and Management

Bachelor programme:
Business Administration