Vijay Kumar Gangal
Department of Applied Business Economics
Faculty of Commerce
Dayalbagh Educational Institute, (Deemed University)
Agra – 282005 (U.P.)
Kirti Singh
Department of Applied Business Economics
Faculty of Commerce
Dayalbagh Educational Institute, (Deemed University)
Agra – 282005 (U.P.)
Abstract
This paper investigates the awareness of financial inclusion among rural, economically & socially underprivileged people. In this paper an attempt has also been made to assess the working of self-help groups working in Agra district. From 6 villages and 3 self-help groups, 150 respondents were contacted personally to gather required data at random basis. The study finds that people are well aware about the financial inclusion and government’s efforts meant for it. After joining the self-help groups, the economic & social conditions have improved a lot. Saving habits and financial status have improved drastically. The Self-help groups change the personality of their members significantly. This study is limited to Agra district and based on Uni-flow system of micro finance activities and schemes with reference to one bank. Therefore, a wider study would be useful to replicate the results of this study. In order to reap the full benefits of financial inclusion, it is necessary that more and more economically and socially underprivileged people should be covered.
Key words: Micro Finance, Micro Insurance, Self-help Groups, Poverty, Self-development.
