• ISSN: 2301-3567
    • Frequency: Quarterly (2013-2014); Monthly (Since 2015)
    • DOI: 10.18178/JOEBM
    • Editor-in-Chief: Prof. Eunjin Hwang
    • Executive Editor: Ms Jessica C. Xiao
    • Abstracting/ Indexing: DOAJ, Engineering & Technology Library,  Electronic Journals Library, Ulrich's Periodicals Directory, MESLibrary, Google Scholar, Crossref, and ProQuest.
    • E-mail: joebm@ejournal.net
JOEBM 2013 Vol.1(3): 272-276 ISSN: 2301-3567
DOI: 10.7763/JOEBM.2013.V1.59

Role of Literacy Level in Financial Inclusion in India: Empirical Evidence

Pallavi Gupta and Bharti Singh
Abstract— Sustainable development of a country is closely related to the level of inclusion of the population into the financial net. Financial Inclusion is the issue at global level. Various authors have developed the Financial Inclusion Index based on different dimensions.The present study tries to assess the correlation between the Usage Dimension of Financial Inclusion Index and literacy level in India. Correlation has been statistically tested by using Karl Pearson coefficient of correlation. The results depict a large variation in extent of correlation among the different states of the country with a very low correlation at the national level. Thus, the Government should promote the use of Information Communication Technology models like biometric ATM, telecentres to achieve Financial Inclusion in India as these models does not compulsorily requires high literacy levels.

Index Terms— India, financial inclusion, financial exclusion, literacy rate.

P. Gupta and B. Singh are with the Institute of Management Technology-Centre for Distance Learning, India (e-mail: pallavigupta@imtcdl.ac.in, bhartisingh@imtcdl.ac.in).

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Cite: Pallavi Gupta and Bharti Singh, " Role of Literacy Level in Financial Inclusion in India: Empirical Evidence," Journal of Economics, Business and Management vol. 1, no. 3, pp. 272-276, 2013.

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