Current Status of Financial Inclsuion Among Rural Households in A.P.

📒 My Research studies contribute to know the status of financial inclusion among rural households that helps fill some of the gaps in knowledge about financial inclusion. It also draws on existing insights and experience to contribute to the policy discussion on this critical development issue. The new evidence demonstrates that financial inclusion can significantly reduce poverty and boost shared prosperity, but underscores that efforts to foster inclusion must be well designed. This research study showed that while assessing the status of financial inclusion, it was found that one third the households in three districts are still marginalized with limited or no access to basic financial services including that of microfinance and insurance. While existing initiatives in measuring financial inclusion are estimated it is found that there is a need for greater focus on the micro and distributional dimensions of financial resources. The analysis results indicated significant regional variances in banking outreach across districts of Andhra Pradesh, as also in terms of their income characteristics. More importantly, the regressions indicate an important role of SHGs, financial literacy