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International Journal of
Finance and Commerce
ARCHIVES
VOL. 6, ISSUE 3 (2024)
Financial inclusion status analysis of suddhodhan rural municipality Rupandehi
Authors
Rabin Paudel
Abstract

Financial inclusion is an innovative concept and has become the important national objective of every country. It is considered as an important factor to unlock the growth potential of the country. Poverty and socio-economic inequalities cannot be reduced without including unbanked population in formal financial system. Different surveys such as demand-side survey and supply-side survey are available to measure the financial inclusion. This study used demand side survey to measure the financial inclusion and follow descriptive, analytical, survey and interview research design. This study aims to examine the current status of financial inclusion in Suddhodhan Rural municipality in Rupandehi district. The study is basically based on primary data. Quantitative data are collected through questionnaire and qualitative data are collected through semi-structured interview with the participants. In this study financial inclusion is used as dependent variable. There are four independent variables such as financial literacy, financial accessibility, financial attitude and quality of financial services. The study follows descriptive, analytical and survey research design. Descriptive design is used to know the characteristics of variables and analytical design is used to examining how demographic variables bring changes in dependent and independent variables. Likewise, binary logistic regression analysis is used to estimate the impact of independent variable on dependent variable. The study found significant impact of financial literacy, financial accessibility, financial attitude, and quality of financial services on financial inclusion.

 Formal education is not sufficient for financial literacy and hence even if a bank is available in nearby area due to lack of awareness about usage of the financial products and processes it may not lead to effective conversion into ownership of bank account. The study concludes that quality and accessibility to financial services and awareness about financial products are key factors that influence demand of financial services.
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Pages:24-33
How to cite this article:
Rabin Paudel "Financial inclusion status analysis of suddhodhan rural municipality Rupandehi". International Journal of Finance and Commerce, Vol 6, Issue 3, 2024, Pages 24-33
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