Analytics of Fintech, Local Governance and Financial Inclusion: New-Age Structure Equation Remodeling

Authors

DOI:

https://doi.org/10.31305/rrijm.2024.v09.n06.045

Keywords:

Financial Technology (Fintech), Financial Inclusion, Local Governance, Sustainability, Economic Growth, Smart-PLS

Abstract

This study applies Structural Equation Modeling (SEM) to analyze the relationships among Fintech Adoption, Local Governance Perception, and Financial Inclusion, using data from 380 users sampled conveniently. The research tests hypotheses regarding the impacts of fintech adoption and governance perceptions on financial inclusion outcomes in the context of Rajasthan's tribal districts. Findings support significant positive relationships: fintech adoption enhances financial inclusion, while positive local governance perceptions contribute to inclusivity. Policy implications suggest leveraging fintech innovations and improving governance frameworks to enhance financial access and equity in marginalized communities, aligning with sustainable development goals. This analysis underscores the importance of integrating technological advancements and effective governance practices in fostering inclusive economic growth and equitable access to financial services.

Author Biographies

Dr. Rimjhim Gupta, Director, Venkteshwar Institute of Management Studies, Sai Tirupati University, Udaipur

Dr. Rimjhim Gupta received her Ph. D from JRNRV university, Udaipur and master’s degree from MLSU, Udaipur and she is a gold medallist in M. Com. She has also done her LLM from MGU Global, Bhopal and also done her MBA from NIBM Chennai. She is Currently working as Director of Venkteshwar Institute of Management Studies, Sai Tirupati University and also worked with so many renowned names like Pacific University and Bhupal Nobles University, having vast experience of 24 years as an academician. She became part of more than 70 conferences as an expert.

Dr. Narendra Singh Goyal, Professor & Head, Venkteshwar Institute of Management Studies, Sai Tirupati University, Udaipur

Dr. Narendra Singh Goyal is an academician, strategist, skill development professional, life coach, learner and enthusiast who dedicated his life for the betterment of youth, their career and the society. He received his Master’s in Business Administration from Rajasthan Technical University, Kota and M. Com from Sikkim Manipal University, Gangtok. He obtained his Ph. D degree in management from JRNRV University, Udaipur. He is currently working as an HOD & Professor in Venkteshwar Institute of Management Studies, Sai Tirupati University. He contributed his excellence as a trainer in Hindustan Zinc, Railmagra and Bishkek International Medical Institute, Russia. He is also a member of Indian Institute of Skill Development, Gurugram.

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Published

14-06-2024

How to Cite

Gupta, R., & Goyal, N. S. (2024). Analytics of Fintech, Local Governance and Financial Inclusion: New-Age Structure Equation Remodeling. RESEARCH REVIEW International Journal of Multidisciplinary, 9(6), 351–362. https://doi.org/10.31305/rrijm.2024.v09.n06.045

Issue

Vol. 9 No. 6 (2024): RESEARCH REVIEW International Journal of Multidisciplinary

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This is an open access article under the CC BY-NC-ND license Creative Commons Attribution-Noncommercial 4.0 International (CC BY-NC 4.0).