Title: Factors determining financial inclusion awareness among women

Authors: Pooja Muwal; Khujan Singh; Aarti Devi

Addresses: Haryana School of Business, Guru Jambheshwar University of Science and Technology, Hisar-125001, Haryana, India ' Haryana School of Business, Guru Jambheshwar University of Science and Technology, Hisar-125001, Haryana, India ' Haryana School of Business, Guru Jambheshwar University of Science and Technology, Hisar-125001, Haryana, India

Abstract: This study identified the factors that affect the financial inclusion awareness among women in Haryana and examined the relationship between the identified factors and demographic variables. A sample of 572 respondents has been taken with the help of a self-structured questionnaire from urban and rural areas of Haryana. The reliability and validity have been tested using Cronbach's alpha, convergent, and discriminant validity. The data has been analysed by employing Exploratory Factor Analysis, Confirmatory Factor Analysis, Independent t-test, one-way ANOVA, and Welch test. This study identified five factors (Payment and Enquiry Services, Core Banking Services, Loan and Advances, Insurance Schemes, and Bank Facilitators) of financial inclusion awareness among women. This study found that higher educated urban working young women of nuclear families are relatively more financially aware in comparison to less educated aged housewives of joint families of rural areas.

Keywords: financial inclusion; financial awareness; financial exclusion; payment services; enquiry services; banking services; loan; advances; insurance; bank facilitators.

DOI: 10.1504/IJMEF.2023.136089

International Journal of Monetary Economics and Finance, 2023 Vol.16 No.6, pp.458 - 480

Received: 23 Feb 2022
Accepted: 14 Mar 2023
Published online: 16 Jan 2024 *

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