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Financial Inclusion through Self Help Groups – An Economic Catalyst to transform Rural India Madras Agricultural Journal
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Research Article | Open Access | Peer Review

Financial Inclusion through Self Help Groups – An Economic Catalyst to transform Rural India

Volume : 109
Issue: December(10-12)
Pages: 95 - 100
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Published: December 13, 2022
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Abstract


This study attempted to create a comprehensive measure of Financial Inclusion (FI) with specific focus on SHGs among 33 major states in India from the period of 2016 to 2020. Principal Component Analysis was employed to track the status of inclusion in Indian financial sector. The link between FI and development indicators like agricultural and industrial growth, access to basic education was explored through Ordered Probit Random effect model using panel data. Results indicated that majority of Eastern and North Eastern states have poor FI, in addition Financial Inclusion Index (FII) showed a positive relation with agricultural growth.

DOI
Pages
95 - 100
Creative Commons
Copyright
© The Author(s), 2025. Published by Madras Agricultural Students' Union in Madras Agricultural Journal (MAJ). This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium, provided the original work is properly cited by the user.

Keywords


Financial Inclusion Index; Self help groups; Principal Component Analysis; Ordered Probit Random effect model

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