Economic Empowering Women Through Financial Inclusion: A Study Conducted MGNREGA And SHG Programme, Tamilnadu
Keywords:
Financial inclusion, Women economic empowerment
Abstract
The purpose of the study is to know the economic empowerment of women through financial inclusion in access, usage, and quality. Quantitative data was collected from 400 samples of women beneficiaries under MGNREGA and SHG Programmes. The research design is exploratory and a two-stage random sampling technique is used to collect data from four districts in Tamilnadu. Tools used to analyse descriptive statistics, confirmatory factor analysis, and structural equation model through SPSS 23, AMOS 29 version. The findings of the study moderate relationship between financial inclusion and women's economic empowerment, quality highly influenced financial inclusion. The study recommends improving knowledge and awareness of access and usage of financial products/ services to the women through programme.
References
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• Griethuijsen, R. A. L. F., Eijck, M. W., Haste, H., Brok, P. J., Skinner, N. C., Mansour, N., et al. (2014). Global patterns in students’ views of science and interest in science. Research in Science Education, 45(4), 581–603.doi:10.1007/s11165-014-9438-6.
• Hair, J.F., Black, W.C., Babin, B.J. and Anderson, R.E. (2010) Multivariate Data Analysis. 7th Edition, Pearson, New York.
• Hooper, D., Coughlan, J., & Mullen, M. (2008). Structural equation modeling: Guidelines for determining model fit. Electronic Journal of Business Research Methods, 6(1), 53-60.
• Kazemikhasragh, A., & Buoni Pineda, M. V. (2022). Financial inclusion and education: An empirical study of financial inclusion in the face of the pandemic emergency due to
• Lyons, A. C., & Kass-Hanna, J. (2021). Financial inclusion, financial literacy and economically vulnerable populations in the Middle East and North Africa. Emerging Markets Finance and Trade, 57(9), 2699-2738.
• Mindra, R., & Moya, M. (2017). Financial self-efficacy: A mediator in advancing financial inclusion. Equality, Diversity and Inclusion, 36(2), 128–149.
• Ndouna, F. K., & Zogning, F. (2022). Financial inclusion and gender income inequalities in informal entrepreneurship: The case of Cameroon. The Journal of Entrepreneurial Finance (JEF), 24(3), 1–14.
• Pandey, A., Kiran, R., & Sharma, R. K. (2022). Investigating the impact of financial inclusion drivers, financial literacy and financial initiatives in fostering sustainable growth in North India. Sustainability, 14(17), 11061.
• Pitt, M. M., Khandker, S. R., & Cartwright, J. (2006). Empowering women with micro finance: Evidence from Bangladesh. Economic development and cultural change, 54(4), 791-831.
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• Sadiq, M., Ihsan, A., & Khattak, A. H. (2023). Women Economic Empowerment through the Lens of Financial Inclusion in Pakistan: Analysis of the Moderation Effect of Financial Literacy. Journal of Business & Tourism, 9(01), 21-36.
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• Sarma and Pais (2008) Financial inclusion and development: A cross country analysis Annual conference of the Human Development and capability Association, New Delhi, Vol. 168, pp. 1-30, ji.
• Siddik, M. N. A. (2017). Does financial inclusion promote women's empowerment? Evidence
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• World Bank Group. (2017). Global Financial Development Report
• World Bank, (2018). Financial inclusion is on the rise, but gaps remain. Press Release. Available at: https://www.worldbank.org/en/news/press-release/2018/04/19/financial-inclusion-onthe-rise-but-gaps-remain-global-findex-database-shows) (Accessed Dec. 08, 2022).
• World Bank, 2022. Available at: https://www.worldbank.org/en/topic/financial inclusion (Accessed Dec. 08, 2022).
• Balasubramanian, S. A., Kuppusamy, T., & Natarajan, T. (2019). Financial inclusion and land ownership status of women. International Journal of Development Issues, 18(1), 51–69.
• Barajas, M. A., Chami, M. R., Ebeke, M. C., & Tapsoba, M. S. J. A. (2012). Workers’ Remittances: An Overlooked Channel of International Business Cycle Transmission?. International Monetary Fund.
• Batala.L, “The Buzz Around Access to Financial Services by Individuals,” Think., vol. 92, no. 3, pp. 70–84, 2022.
• Camara and Tuesta (2017), Measuring financial inclusion: A multidimensional index, Bank for International Settlements, https://www.bis.org/ifc/publ/ifcb47p.pdf
• El-Zoghbi, M. (2018). Measuring Women’s Financial Inclusion: The 2017 Findex Story. CGAP blog post, 30.
• from Bangladesh. Applied Economics and Finance, 4(4), 169-177.
• Ghosh, S. (2022). Political empowerment of women and financial inclusion: Is there a link? Social Sciences & Humanities Open,5(1), 100267.
• Ghosh, S., & Vinod, D. (2017). What constrains financial inclusion for women? Evidence from Indian micro data. World development, 92, 60-81.
• Goland, T., Bays, J., & Chaia, J. (2010). From millions to billions: Achieving full financial inclusion. McKinsey & Company.
• Griethuijsen, R. A. L. F., Eijck, M. W., Haste, H., Brok, P. J., Skinner, N. C., Mansour, N., et al. (2014). Global patterns in students’ views of science and interest in science. Research in Science Education, 45(4), 581–603.doi:10.1007/s11165-014-9438-6.
• Hair, J.F., Black, W.C., Babin, B.J. and Anderson, R.E. (2010) Multivariate Data Analysis. 7th Edition, Pearson, New York.
• Hooper, D., Coughlan, J., & Mullen, M. (2008). Structural equation modeling: Guidelines for determining model fit. Electronic Journal of Business Research Methods, 6(1), 53-60.
• Kazemikhasragh, A., & Buoni Pineda, M. V. (2022). Financial inclusion and education: An empirical study of financial inclusion in the face of the pandemic emergency due to
• Lyons, A. C., & Kass-Hanna, J. (2021). Financial inclusion, financial literacy and economically vulnerable populations in the Middle East and North Africa. Emerging Markets Finance and Trade, 57(9), 2699-2738.
• Mindra, R., & Moya, M. (2017). Financial self-efficacy: A mediator in advancing financial inclusion. Equality, Diversity and Inclusion, 36(2), 128–149.
• Ndouna, F. K., & Zogning, F. (2022). Financial inclusion and gender income inequalities in informal entrepreneurship: The case of Cameroon. The Journal of Entrepreneurial Finance (JEF), 24(3), 1–14.
• Pandey, A., Kiran, R., & Sharma, R. K. (2022). Investigating the impact of financial inclusion drivers, financial literacy and financial initiatives in fostering sustainable growth in North India. Sustainability, 14(17), 11061.
• Pitt, M. M., Khandker, S. R., & Cartwright, J. (2006). Empowering women with micro finance: Evidence from Bangladesh. Economic development and cultural change, 54(4), 791-831.
• Pradhan, R. P., et al. (2021). Sustainable economic development in India: The dynamics between financial inclusion, ICT development, and economic growth. Technological Forecasting and Social Change, 169(March), 120758. https://doi.org/10.1016/j.techfore.2021.120758
• Sadiq, M., Ihsan, A., & Khattak, A. H. (2023). Women Economic Empowerment through the Lens of Financial Inclusion in Pakistan: Analysis of the Moderation Effect of Financial Literacy. Journal of Business & Tourism, 9(01), 21-36.
• Sarker A. E. (2006). New public management in developing countries: An analysis of success and failure with particular reference to Singapore and Bangladesh. Int. J. Public Sector Manage. 19 180–203. 10.1108/09513550610650437.
• Sarma and Pais (2008) Financial inclusion and development: A cross country analysis Annual conference of the Human Development and capability Association, New Delhi, Vol. 168, pp. 1-30, ji.
• Siddik, M. N. A. (2017). Does financial inclusion promote women's empowerment? Evidence
• Sohrab T, Idris F, Sulaiman N. (2024) The relationship between financial inclusion and women’s empowerment in rural Bangladesh: The moderating effect of agent banking. Environment and Social Psychology; 9(1): 1955. doi: 10.54517/esp.v9i1.1955
• Thomas Asha E. (2020). Finding Linkages between Financial Literacy and Financial Inclusion among Rural women in Kerala. Women Empowerment and Economic Development, International Publications, ISBN: 978-81945988-7-9.
• World Bank Group. (2017). Global Financial Development Report
• World Bank, (2018). Financial inclusion is on the rise, but gaps remain. Press Release. Available at: https://www.worldbank.org/en/news/press-release/2018/04/19/financial-inclusion-onthe-rise-but-gaps-remain-global-findex-database-shows) (Accessed Dec. 08, 2022).
• World Bank, 2022. Available at: https://www.worldbank.org/en/topic/financial inclusion (Accessed Dec. 08, 2022).
Published
2024-09-30
How to Cite
Mrs.J.Angel Priya1, & Dr.M.Banumathi. (2024). Economic Empowering Women Through Financial Inclusion: A Study Conducted MGNREGA And SHG Programme, Tamilnadu. Revista Electronica De Veterinaria, 25(1), 2037 - 2043. https://doi.org/10.69980/redvet.v25i1.974
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