The Effectiveness of Financial Inclusion Schemes Awareness and Access in India

Authors- Dr.S.Saranya, Associate Professor Dr.K.Chandrasekar

Abstract-Financial inclusion refers to the process of ensuring that vulnerable groups, such as low-income individuals and communities, have timely access to financial services and appropriate credit at a fair cost. The primary goal of financial inclusion schemes is to provide secure financial solutions to India’s underserved sectors without discrimination or bias. The primary purpose of the study is to examine the efficacy of financial inclusion knowledge and access using empirical evidence from Tamil Nadu. This study is descriptive in nature, with a target audience in Tamil Nadu. The structured questionnaire collects data using Likert five-point rating scale questions. According to statistics, the degree of financial inclusion in various districts in Tamil Nadu has improved over time, but the bulk of rural districts remain in the medium inclusion group. According to this research study, financial inclusion helps to economic success and prosperity, which in turn stimulates activity and elevates the standard of life in all segments of society. This result illustrates that financial inclusion policies have the potential and capability of transforming the face of Tamil Nadu, and they are unquestionably working to improve all citizens. Because this study is confined to financial inclusion, future research might look into other aspects of financial inclusion like perception, involvement, and citizen empowerment, as well as a comparative analysis of different financial inclusion plans in different countries.

DOI: /10.61463/ijset.vol.13.issue2.234