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Summary No-24
Profile of the Student:
Name: Seayam Prava Das
Degree Programme: M.Sc.(Agriculture)
University/ Institute: Banaras Hindu University, Varanasi
Profile of the Mentor:
Name: Raghunath B.
Designation: DGM
Department: MCID & DFIBT
Name of Regional Office: Uttar Pradesh (Lucknow)
Objectives of the study:
1. To study the trends, pattern and extent of financial inclusions in UP
2. To access the role and efficacy of various financial services, including BC/BF/Bank Sakhi, provided
under financial inclusion.
3. To access the socio-economic impact of financial inclusion on rural population
4. To identify the barriers confronted by vulnerable groups in accessing credit and financial services
including demand, supply and institutional constraints
5. To identify the role of information and communication technology in enhancing the financial
inclusion of unbanked population.
6. To suggest strategy to extend financial services to small and marginal farmers and other vulnerable
groups to enhance the outreach of banking system
Research Methodology:
The study was covered by interviewing the rural inhabitants mostly the marginal farmers and daily
laborers.
Sample Size:The sample size comprised of 100 rural inhabitants. 50 inhabitants each were covered in
the Varanasi and Unnao districts. The bank officials of the Lead bank, RRBs, DCCB, members of FLCs,
different Bank Mitras, and Bank Sakhis were interacted to know the supply side barriers.
Major Findings:
(A).DEMAND SIDE:
Issues related to Households:
1. The people above 60 years of age (5%) are financially excluded because of lack of knowledge and
ignorance and the young people the range of 18 years to 30 years (28%) are also financially excluded
as they are unemployed.
2. Mostly the women of the rural households are financially excluded due to cultural obstacles and
less independence in the conservative society. Illiteracy is more among the female members of the
society.
