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Demand-side analysis of measuring financial inclusion

Author

Listed:
  • Prabhakar Nandru
  • Satyanarayana Rentala

Abstract

Purpose - The purpose of this paper is to measure the financial inclusion dimensions from the perspective of beneficiaries (demand-side).This research additionally attempts to assess the impact of financial inclusion on socio-economic status of primitive tribal groups (PTGs) in India. Design/methodology/approach - Using an exploratory factor analysis, the financial inclusion dimensions are identified for a sample of 520 families belonging to PTGs in India. In the next step, reliability and validity test were used to establish the financial inclusion dimensions and socio-economic status factors through confirmatory factor analysis using analysis of moment structures. Finally, structural equation modeling (SEM) had been applied for testing the hypothetical relationships. Findings - The study documented five-dimensions of measuring financial inclusion from demand side perspective. The dimensions are as follows: physical proximity, availability, ease of access, affordability and usage. It was found that these factors represent the various dimensions of financial inclusion, which has a significant impact on socio-economic status of the beneficiaries. Research limitations/implications - The research results focus on dimensions of financial inclusion, which have an impact on the socio-economic status among the most PTGs in India. The research offers ideas to policymakers to outline strategies to enhance the access to and usage of financial services. Originality/value - The present research is one of the first few studies that present the demand-side perspective to assess the financial inclusion dimensions of the “financially most excluded” groups – PTGs in India using a SEM approach.

Suggested Citation

  • Prabhakar Nandru & Satyanarayana Rentala, 2019. "Demand-side analysis of measuring financial inclusion," International Journal of Development Issues, Emerald Group Publishing Limited, vol. 19(1), pages 1-24, October.
    • Handle: RePEc:eme:ijdipp:ijdi-06-2018-0088
    DOI: 10.1108/IJDI-06-2018-0088
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    Citations

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    Cited by:

    1. T. K. Murugesan & Edwin Ramirez Asis & Jaheer Mukthar K.P. & Juan Villanueva Calderón & Felix Julca Guerrero & Jorge Castillo Picon & Guillermo Pelaez Diaz, 2022. "Developing and Validating Constructs: A Pragmatic Measurement of Financial Inclusion as a Tool for Sustainable Growth," Sustainability, MDPI, vol. 14(20), pages 1-16, October.
    2. Sonia Kumari Selvarajan & V. G. R. Chandran, 2024. "Financial Inclusion Trajectories: Geographical Dispersion, Convergence, and Development Implications," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 36(4), pages 897-924, August.
    3. Salman Mahmood & Wen shuhui & Shoaib Aslam & Tanveer Ahmed, 2022. "The Financial Inclusion Development and Its Impacts on Disposable Income," SAGE Open, , vol. 12(2), pages 21582440221, April.

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