Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Financial Inclusion in United Andhra Pradesh:A Case Study of Rayala Seema Region


Affiliations
1 Gokhale Institute of Politics and Economics, Pune 411004, Maharashtra, India
     

   Subscribe/Renew Journal


The paper examines financial inclusion in United Andhra Pradesh with focus on Rayala Seema region. It constructed Financial Inclusion Index (FII) using data on eight dimensions of financial inclusion for Andhra Pradesh for 2011. It observes that Hyderabad district leads with the highest FII rank, followed by Anantapur. Among the regions, Telangana leads with the highest FII rank, followed by Rayala Seema. Within Rayala Seema, Anantapur district leads with the highest FII rank, followed by Chittoor. None of the districts and regions falls under the category of high FII group. Most districts fall under the category of low FII group. Telangana and Rayala Seema fall under the category of medium financial inclusion with the FII value falls between 0.3 and 0.5. Thus, Rayala Seema has achieved less than half of the financial inclusion. The objective of financial inclusion and spreading it across areas is far ahead.
Subscription Login to verify subscription
User
Notifications
Font Size

  • Ananth, S. and T. Sabri Oncu (2011), Challenges to Financial Inclusion in India: The Case of Andhra Pradesh, Economic and Political Weekly, 48(7): 77-83.

  • Bagli, S. and P. Dutta (2012), A Study of Financial Inclusion in India, Radix International Journal of Economics and Business Management, 1(8): 1-18.

  • Beck, T., A. Demirguc-Kunt and L. Ross (2004), Finance, Inequality, and Poverty: Cross-country Evidence, Policy Research Working Paper Series 3338, The World Bank.

  • Beck, T., A. Demirguc-Kunt, M. Peria and M. Soledad (2006), Banking Services for Everyone? Barriers to Bank access and use around the World, Working Paper Series No. 4079, World Bank Policy Research.

  • Beck, T., A. Demirguc-Kunt, P. Martinez and S. Maria (2007), Reaching out: Access to and Use of Banking Services across Countries, Journal of Financial Economics, 85(1): 234-266.

  • Beck, T., R. Levine and N. Loayza (2000), Finance and the Sources of Growth, Journal of Financial Economics, 58(1-2): 261-300.

  • Bhaskar, Vijaya (2014), Financial Inclusion in India–An Assessment, RBI Bulletin, January 2014, Reserve Bank of India.

  • Bihari, S.C. (2011), Growth through Financial Inclusion in India, Journal of International Business Ethics, 4(1): 28-41.

  • Carbo, S., E.P. Gardener and P. Molyneux (2005), Financial Exclusion, Palgrave MacMillan.

  • Chattopadhyay, S.K. (2011), Financial Inclusion in India: A Case Study of West Bengal, RBI Working Paper Series, WPS (DEPR): 8/2011.

  • Claessens, S. (2006), Access to Financial Services: A Review of the Issues and Public Policy Objectives, The World Bank Research Observer, 21(2): 207-240.

  • CRISIL (2013), Crisil Inclusix-An Index to Measure India’s Progress on Financial Inclusion

  • Demirgüç-Kunt, A. and V. Maksimovic (1998), Law, Finance, and Firm Growth, Journal of Finance, 53(6): 2107-2137.

  • Galor, O. and V. Zeira (1993), Income Distribution and Macroeconomics, Review of Economic Studies, 60(1): 35-52.

  • Ghosh, Saibal (2011), Does financial outreach engender economic growth? Evidence from Indian States, Journal of Indian Business Research, 3(2): 74–99.

  • Government of India (2001 and 2011), Census of India.

  • Government of India(2007), A Hundred Small Steps - Report of the Committee on Financial Sector Reforms, Planning Commission, Report of the Committee on Financial Sector Reforms.

  • Government of India (2008), Report of the Committee on Financial Inclusion, Rangarajan Committee.

  • Honohan, P. (2004), Financial Development, Growth and Poverty: How Close Are the Links? In Charles Goodhart (Ed.), Financial Development and Economic Growth: Explaining the Links, London: Palgrave.

  • Kempson E., A. Atkinson and O. Pilley (2004), Policy Level Response to Financial Exclusion in Developed Economies: Lessons for Developing Countries, Report of Personal Finance Research Centre, University of Bristol.

  • Klapper, L., L. Laeven and R. Rajan (2004), Business Environment and Firm Entry: Evidence from International Data, World Bank Policy Research Working Paper, No. 3232.

  • Levine, R. (2005), Finance and Growth: Theory and Evidence, Forthcoming in Philippe Aghion and Steven Durlauf (Eds.), Handbook of Economic Growth, The Netherlands: Elsevier Science.

  • Leyshon, T. (1995), Geographies of Financial Exclusion: Financial Abandonment in Britain and the United States, Transactions of the Institute of British Geographers, New Series, 20(3): 312–341.

  • Love, I. (2003), Financial Development and Financing Constraints: International Evidence from the Structural Investment Model, Review of Financial Studies, 16(3): 765-791.

  • Mehrotra, N., V. Puhazhendhi, G.H. Nair and B.B. Sahoo (2009), Financial Inclusion: An Overview, Occasional Paper-48, NABARD, Mumbai.

  • NSSO (2003), All India Debt and Investment Survey, 59th Round, Ministry of Statistics and Programme Implementation.

  • Peachey, S. and A. Roe (2004), Access to Finance, A Study for the World Savings Banks Institute. Oxford Policy Management.

  • Rajan, R. and L. Zingales (1998), Financial Dependence and Growth, American Economic Review, 88(3): 559-587.

  • Rajan, R. and L. Zingales (2003), Saving Capitalism from the Capitalists, Crown Business Division of Random House.

  • Reddy, R. (2003), Structure and Growth of Rayala Seema Districts, In: Ranga Reddy, A. (Ed.), The State of Rayalaseema, Mittal Publications, New Delhi.

  • Reserve Bank of India (2011), Database on Indian Economy.

  • Sharma, M. (2008), Index of Financial Inclusion, Working Paper No. 215, ICRIER, New Delhi.

  • Sinclair, S.P. (2001), Financial Exclusion: An Introductory Survey, Report of Centre for Research in Socially Inclusive Services, Heriot-Watt University, Edinburgh.

  • The Imperial Gazetteer of India (1909), Volume 7, Oxford: Clarendon Press. 1908-1931 [vol. 1, 1909], pp. 158–176.

  • Thorat, Usha (2007), Financial Inclusion–The Indian Experience, Speech at the HMT-DFID Financial Inclusion Conference 2007, Whitehall Place, London, UK on June 19, 2007.

  • Wurgler, J. (2000), Financial Markets and the Allocation of Capital, Journal of Financial Economics, 58(1-2): 187-214.


Abstract Views: 359

PDF Views: 0




  • Financial Inclusion in United Andhra Pradesh:A Case Study of Rayala Seema Region

Abstract Views: 359  |  PDF Views: 0

Authors

Siva Reddy Kalluru
Gokhale Institute of Politics and Economics, Pune 411004, Maharashtra, India

Abstract


The paper examines financial inclusion in United Andhra Pradesh with focus on Rayala Seema region. It constructed Financial Inclusion Index (FII) using data on eight dimensions of financial inclusion for Andhra Pradesh for 2011. It observes that Hyderabad district leads with the highest FII rank, followed by Anantapur. Among the regions, Telangana leads with the highest FII rank, followed by Rayala Seema. Within Rayala Seema, Anantapur district leads with the highest FII rank, followed by Chittoor. None of the districts and regions falls under the category of high FII group. Most districts fall under the category of low FII group. Telangana and Rayala Seema fall under the category of medium financial inclusion with the FII value falls between 0.3 and 0.5. Thus, Rayala Seema has achieved less than half of the financial inclusion. The objective of financial inclusion and spreading it across areas is far ahead.

References





DOI: https://doi.org/10.21648/arthavij%2F2015%2Fv57%2Fi2%2F100399