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Research Paper | Commerce and Economic Studies | India | Volume 9 Issue 12, December 2020 | Popularity: 6.7 / 10

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Impact of Financial Inclusion on Poverty Alleviation - An Empirical Study of Tumkur District

Dr. N. Sakthivel, Rakesh Nadig H S

Abstract: Evident fringes of income dissemination created imbalance society. Utmost of the poverty mitigation packages are financial empowerment schemes. Number of experiments led to conclusion that financial inclusion can resolve the issue of poverty in India. Financial inclusion makes people to come to the ambit of formal financial services. Reducing poverty is related to human development. Human development includes better environment, health condition, education, social stability, and higher productivity. The perview of financial exclusion has extended its boundaries. Financial inclusion considered as one of the effective tool of poverty mitigation. The current study conducted in Tumakuru District of Karnataka state. The study comprises of 600 households, five Taluq, and five public sectors banks of Tumakuru. Multi stage sampling used to collect target samples. This empirical research paper attempts to study the impact of financial on poverty alleviation.

Keywords: Financial inclusion, households, poverty line, & poverty alleviation

Edition: Volume 9 Issue 12, December 2020

Pages: 1671 - 1674

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