Role of Microfinance in Promoting Financial Inclusion and Financial Capability in Rural Areas of Rajasthan

Banwari Lal; Mamta Jain

doi:10.31305/rrijm.2024.v09.n02.011

Authors

Banwari Lal Research Scholar, Department of EAFM, University of Rajasthan, Jaipur https://orcid.org/0009-0009-9090-169X
Prof. Mamta Jain Professor, Department of EAFM, University of Rajasthan, Jaipur

DOI:

https://doi.org/10.31305/rrijm.2024.v09.n02.011

Keywords:

Microfinance, Financial Inclusion, Financial Capability, Rural Areas, Sustainable Development, Banking Professionals

Abstract

This quantitative study explores the pivotal role of microfinance in fostering financial inclusion and enhancing financial capability in rural areas of Rajasthan. Utilizing a structured questionnaire administered through Google Form, data will be collected from a convenient sample of 480 rural respondents with prior experience in microfinance programs. The study, conducted over a six-month period, incorporates data filtering techniques to ensure the relevance and reliability of responses. Employing the Smart-PLS statistical tool, the research will analyze the relationships between microfinance engagement and financial inclusion and capability variables. The findings aim to provide nuanced insights into the efficacy of microfinance interventions in rural Rajasthan, contributing to both academic discourse and practical implications. The study's policy implications suggest that energy professionals should consider incorporating microfinance strategies to enhance financial inclusion and capability in their sustainable energy initiatives, fostering a holistic approach to rural development.

Author Biographies

Banwari Lal, Research Scholar, Department of EAFM, University of Rajasthan, Jaipur

Banwari Lal has been currently working as Statistical Inspector, Directorate of Economics and Statistics-DES Rajasthan and he is also enrolled as Research Scholar in Deptt. Of E.A.F.M., University of Rajasthan, Jaipur under the supervision of Prof. Mamta Jain, Deptt. of E.A.F.M., University of Rajasthan, Jaipur. He is research Title is “Role of Microfinance in Promoting Financial Inclusion and Financial Capability in Rural Areas of Rajasthan”. He received his Post Graduate in M.COM. (E.A.F.M.) from University of Rajasthan, Jaipur and M.A. (Economics) from Vardhaman Mahaveer Open University, Kota. He has attended some conferences and workshops.

Prof. Mamta Jain, Professor, Department of EAFM, University of Rajasthan, Jaipur

Prof. Mamta Jain is currently working as Professor in PG School of Commerce, University of Rajasthan, Jaipur and She also Vice Principal in University Commerce College, University of Rajasthan, Jaipur. She has 27 years of teaching and research experience of UG, PG, M.Phil, Ph.D. and Professional courses. She is an expert on Banking and Finance. She has published more than 60 Research Articles in reputed International and National journals and more 29 Articles published in News Papers & Magazines on various issues related to Economics, Finance and current Affairs and 8 books published on Banking and Economics.

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Role of Microfinance in Promoting Financial Inclusion and Financial Capability in Rural Areas of Rajasthan

Authors

DOI:

Keywords:

Abstract

Author Biographies

Banwari Lal, Research Scholar, Department of EAFM, University of Rajasthan, Jaipur

Prof. Mamta Jain, Professor, Department of EAFM, University of Rajasthan, Jaipur

References

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