AN EMPRICAL STUDY OF FINANCIAL SERVICES FOR THE WOMEN’S FINANCIAL INCLUSION IN INDIA

Abstract

The significance and remarkable aspect of financial inclusion in relation to women's empowerment is evident when considering a more comprehensive perspective. The Reserve Bank of India (RBI) and the Government of India (GOI) constantly emphasise the utilisation of innovative technologies to facilitate extensive financial inclusion. Nonetheless, the persistent issue in the execution of financial inclusion initiatives and the obstacles hindering women's access to financial goods and services seem to create an unavoidable gap in terms of social inclusion and the empowerment of women. The objective of this study was to provide a comprehensive understanding of the factors associated with the status of financial inclusion for women in Delhi NCR and various initiatives undertaken by the Government of India in this respect. The primary data was collected using a well-designed interview process using convenience sampling techniques. This study focused on in categorising the factors affecting the financial inclusion among three major parameters- Availability, Accessibility and Usage of financial services to women. Exploratory Factor Analysis though SPSS was made in the study. The study concluded that the specific parameters influenced the level of awareness and usage of financial services by the women.