This book assesses the access and impacts of of financial inclusion schemes introduced by the Government of India on socio-economic conditions and financial behaviour of destitute population, especially to beggars and slum dwellers. This book highlights that exclusion of destitute population from formal financial system is long standing problem of India. This book uses field level observations collected through well-structured questionnaires from Lucknow and Kolkata city, using simple random sampling method. In this analysis, this book makes the discovery that there is very big difference between the claim of government and ground realities. The study in this book includes sampled households divided into two groups, on the basis of their access and non-access of these schemes, for capturing the impacts of schemes on their socio-economic condition and financial behaviour. Methods of Financial Inclusion Index, Socio-economic Index, Financial Literacy Index, and Financial Behaviour Index were used for measuring the intensity of impacts on the life of beggars and slum dwellers. Results of the Analysis show that access of these schemes are very poor in case of destitute population like beggars and slum dwellers. This book uncovers that there is very minimal impact of these schemes on the life destitute population. This book is unique to the available literature of financial inclusion, which analyses very deeply the access and impact pattern of recent financial inclusion schemes on the life of a destitute population. Therefore, this book will be of interest to academia, policy makers, and society at large.

Book Information
ISBN 9789811913150
Author Firdous Ahmad Malik
Format Hardback
Imprint Springer Verlag, Singapore
Publisher Springer Verlag, Singapore
Weight(grams) 155g