2025, Vol. 6, Issue 2, Part D
To study the impact of financial inclusion measures on socioeconomic status of rural people in Himachal Pradesh
Author(s): Mukesh Kumar and Umesh Sharma
Abstract: Awareness and proper access to financial services is prime goal of any government or policymaker. Government introduces financial inclusion measures in order to connect underserved and excluded populations into formal financial system. This research examines the large-scale financial inclusion schemes by Reserve Bank of India, government (PMJDY, PMJJBY, APY) and other institutions such as NABARD and measures its effectiveness in improving the banking access, credit facilities and digital financial products. This study aims at investigating how rural people perceive financial services, the awareness of the banking services they have alongside with barriers to accessing banking services. The improvement on the financial inclusion is evident in the levels of income, savings and the general welfare and poverty reduction besides stimulating the growth of the rural economy that is essential for overall financial well being of people. In simple words, this study asserts that financial inclusion is important for economic development because it is relevant to the growth of rural areas such as Himachal Pradesh and the outcomes from this study will demonstrate the effectiveness of financial inclusion policies and propose strategies which boost their impact on sustainable rural community socio economic empowerment.
DOI: 10.22271/27084515.2025.v6.i2d.660
Pages: 301-306 | Views: 444 | Downloads: 104
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How to cite this article:
Mukesh Kumar, Umesh Sharma. To study the impact of financial inclusion measures on socioeconomic status of rural people in Himachal Pradesh. Asian J Manage Commerce 2025;6(2):301-306. DOI: 10.22271/27084515.2025.v6.i2d.660
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