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Access to Finance in Madhya Pradesh: An Exploratory Study

Author

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  • Swati Chauhan

    (Research Scholar, Indian Institute of Forest Management (IIFM), Bhopal, India.)

Abstract

Access to finance refers to the possibility that individuals or enterprises can access financial services, including credit, deposit, payment, insurance, and other risk management services. Access to financial services allows the people to make investments to increase their source of income for smooth, safe and fulfilling lives. In spite of intense financial sector reforms in state of Madhya Pradesh, the picture of society in terms of access to financial services is changing very slowly. The present study is an exploratory study and it makes an assessment on the position of access to finance in state of Madhya Pradesh. This study is based on secondary data available on various website, journals and books. The assessment is based on indicators of access to finance like credit growth, deposit growth, growth in bank branches, growth in SHG-Bank linkage programme, growth in micro-insurance and microfinance poverty penetration index. The findings of the study highlights the status of efforts in access to finance to eliminate the poverty and increasing the source of income of people in Madhya Pradesh.

Suggested Citation

  • Swati Chauhan, 2014. "Access to Finance in Madhya Pradesh: An Exploratory Study," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 5(2), pages 08-17, May.
    • Handle: RePEc:aii:ijcmss:v:5:y:2014:i:2:p:08-17
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    References listed on IDEAS

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    1. Stijn Claessens, 2006. "Access to Financial Services: A Review of the Issues and Public Policy Objectives," The World Bank Research Observer, World Bank, vol. 21(2), pages 207-240.
    2. Thorsten Beck & Asli Demirgüç-Kunt, 2008. "Access to Finance: An Unfinished Agenda," The World Bank Economic Review, World Bank, vol. 22(3), pages 383-396, November.
    3. Sriram M S, 2004. "Microfinance and the State: Exploring areas and structures of collaboration," IIMA Working Papers WP2004-01-03, Indian Institute of Management Ahmedabad, Research and Publication Department.
    4. Ardic, Oya Pinar & Heimann, Maximilien & Mylenko, Nataliya, 2011. "Access to financial services and the financial inclusion agenda around the world : a cross-country analysis with a new data set," Policy Research Working Paper Series 5537, The World Bank.
    5. Fischer, Gregory, 2011. "Access to finance: a functional approach to supply and demand," LSE Research Online Documents on Economics 38369, London School of Economics and Political Science, LSE Library.
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    Cited by:

    1. Neha Arora & Naresh Kumar, 2021. "Does Financial Inclusion Promote Human Development? Evidence from India," Jindal Journal of Business Research, , vol. 10(2), pages 163-184, December.

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