Author(s):

Gurleen Kaur

Abstract: The study entitled ‘Impact assessment of socio-economic factors on financial inclusion in Punjab’. The present study was conducted to assess the socio-economic factors on financial inclusion among rural households in the rural areas of Punjab state in the year 2016-17. The design of the study was based on the primary survey of fazilka district of Punjab State. In order to accomplish the objectives of the study, a sample of 150 households was taken from two villages of Fazilka district by using random sampling technique. All the sampled households were further categorized into major four categories (farmers, labourers, servicemen, self-employed) in order to estimate the magnitude of financial inclusion among the different categories of households. The results revealed that on overall basis, the majority of the family heads were lies in the age group of 35-50 years. Further, nearly about half of the respondents were having education up to 10^th standard. Only, 4.67 percent of the total rural households had above graduate as highest level of education. It was observed that market value and rental value of owned land were higher in the banking village as compared to non-banking village. Overall rural households of banking and non-banking villages saved 14.30 per cent of their income. Among the farmers, medium farmer saved more which was 22.58 per cent. The average savings were higher in the servicemen category whereas, in self-employed category, the average expenditure exceeds the income, hence resulted in negative saving.

Pages: 426-429  |  1179 Views  236 Downloads

Download (652KB)