This document discusses financial inclusion in India and proposes a roadmap for future growth. It defines financial inclusion and exclusion, and outlines the importance of financial inclusion for overall development. Several approaches to achieving financial inclusion in India are analyzed, including product-based approaches like no-frills accounts, credit cards, and savings accounts with overdraft facilities. Bank-led approaches like self-help groups and using business correspondents are also discussed. The regulatory approach of simplified KYC norms to expand rural banking is mentioned. Overall, the document evaluates India's progress on financial inclusion and suggests that continued initiatives and innovative technologies are needed to strengthen financial deepening and credit delivery, especially in rural areas.
Pradhan mantri jan dhan yojna pmjdy a new direction for mainstreaming the fin...IAEME Publication
The document discusses the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme launched in India in 2014 to promote financial inclusion. It aims to provide universal access to banking facilities, basic savings accounts, need-based credit, remittances, insurance and pension. The key objectives are achieving universal access to banking, providing RuPay debit cards and overdraft facilities to households, financial literacy programs, and credit guarantee and micro-insurance schemes. While progress has been made, challenges remain in reaching remote unbanked areas and developing simple, user-friendly services and products for low-income groups. The study examines the level of financial access and awareness of the scheme among urban informal workers in Odisha,
Implementing the aspects of financial inclusion in the phase of demonetisatio...IJLT EMAS
The concept of ‘financial inclusion’ was introduced by
the reserve bank of India in April 2005 with an objective of
delivering financial services to the economically challenged and
underdeveloped segment of the society at an affordable rate. RBI
encouraged the formal banking sector as well as the microfinance
sector to provide soft loans and savings facilities especially to the
poor with a flexible documentation process to attract them under
the umbrella of RBI. This will not only improve the financial
stake of the low-income group of the country, but also ensure
them a safe investment and will increase the portfolio size of the
bank and NBFCs. In 2014, The Government of India announced
‘Pradhan Mantri Jan Dhan Yojna” to expand the financial
inclusion project by bringing more people under banking and
banking spread sector. On 8th November 2016, Mr Narendra
Modi, Prime minister of India ceased 500 and 1000 rupee notes
as legal tender which can be termed as demonetization. Although
the immediate mission was to eradicate black money, fake money
and terror financing; it can be considered as a way forward to
the ‘Jan Dhan Yojna” and hence can be used as a strategy
instrument of imposing financial inclusion across the country.
This paper examines the advantages and disadvantages of
demonetization in implementing financial inclusion in India. In
spite of the fact that demonetization will force the people to make
their transaction through bank and NBFCs , there are serious
challenges like the liquidity crunch of the cash based segment of
the economy, the bank and digital literacy issues etc. In this
paper the challenging issues have been addressed as well as the
bottleneck of financial inclusion in post-demonetization period
has been discussed by identifying the crucial parameters like
percentage of people having bank account, the percentage of
people uses mobile and /or internet, the literacy percentage of the
country, the policy of the banks, the documentation requirement
of the bank and feasibility of the poor section etc.
The State of Financial Inclusion – An Overview and AdvancementIJLT EMAS
Financial Inclusion is delivery of banking services at an affordable cost to the vast sections of disadvantaged and low income groups. The main focus of financial inclusion in India is to promote sustainable development and generating employment in rural areas for the rural population. In India, few households have access to banking services. There are many factors affecting access to financial services by weaker section of society in India. Several steps have been taken by the Reserve Bank of India and the Government to bring the financially excluded people to the fold of the formal banking services. Financial Access Survey for 2016 released by International Monetary Fund (IMF) shows that in India there only 13 commercial bank branches per 1,00,000 individuals. PM Jan Dhan Yojna (PMJDY) was highly successful in opening bank accounts in which more than 97% of the accounts were opened with the public banks, but around 72% of these accounts show 'zero balances'. More than 1 crore bank accounts have been opened under PMJDY. However, despite the opening of such accounts, access has been lower. Access to banking is an important indicator of the level of financial inclusion in the country. India's urban and semi-urban region performs fairly well, however rural region is still underdeveloped in banking. Digital India campaign recently launched schemes like MUDRA, startup India, PMJDY, initiation of new banks like payment banks, PSL certificates trading etc. are in the right direction. With government moving towards DBT for subsidies financial inclusion becomes very critical. Focus should shift to increase coverage, reach of services and ease of availing credit.
Indonesia has potential for microfinance market development through micro-businesses, which represent over 55 million enterprises and contribute to economic growth. However, only 10% of Indonesia's 100 million potential microfinance clients currently have access to financial services. New regulations require banks to allocate 20% of loans to microloans by 2018, opening opportunities to expand access. Indonesia has a long history of microfinance and over 60,000 microfinance institutions, but penetration rates remain low at 0.2% compared to other countries. The potential market can be developed through addressing demographic challenges in reaching rural communities and improving access in underserved areas.
This document discusses financial inclusion in India based on a literature review and analysis of key statistics. It begins by providing context on India's economic growth since 1991 and defines financial inclusion. It then reviews literature on various aspects of financial inclusion in India. Key statistics analyzed include the availability of ATMs and bank branches in India compared to other countries, growth in agricultural credit and bank accounts in rural areas, and the progress of banks in expanding access in rural villages. The overall perspective presented is that while progress has been made in expanding access to financial services in India, significant deficiencies still remain, particularly for vulnerable groups, and India still lags globally in terms of access points per population when compared to other nations.
A study of Branchless banking for financial inclusion in India!L S Subramanian
Branchless banking plays a key role in achieving financial inclusion in India. It provides banking services to the large unbanked population through methods like business correspondents and use of technologies like mobile phones. Studies show over 50% of Indian households do not have access to formal banking. The government and Reserve Bank of India have implemented policies like the National Rural Financial Inclusion Plan to increase access through branchless models. Research found branchless banking has benefited customers by providing convenient, affordable services. However, more financial education is still needed and future models could offer additional products like insurance to further help low-income groups.
The document provides an overview and analysis of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme launched by the Indian government. It discusses the background and objectives of PMJDY, which aims to provide universal access to banking facilities and promote financial inclusion. The performance has exceeded expectations with over 12.5 crore accounts opened within the first 9 months. Going forward, stakeholders will need to address operational challenges to strengthen implementation and ensure accounts remain active. The success of PMJDY can help promote inclusive growth in India.
This document appears to be a chapter from a student's research project on perceptions of people towards the Pradhan Mantri Jan Dhan Yojana (PMJDY) program in India. The chapter provides background on financial inclusion in India and defines key terms. It discusses the objectives and importance of PMJDY, launched in 2014 to provide universal access to banking services. Key elements of PMJDY include opening bank accounts for all that can be held at zero balance and linking them to Aadhaar cards and Rupay debit cards. Over 16 crore accounts were opened under the scheme by June 2015, with over Rs. 18,000 crore deposited.
Pradhan mantri jan dhan yojna pmjdy a new direction for mainstreaming the fin...IAEME Publication
The document discusses the Pradhan Mantri Jan Dhan Yojana (PMJDY) scheme launched in India in 2014 to promote financial inclusion. It aims to provide universal access to banking facilities, basic savings accounts, need-based credit, remittances, insurance and pension. The key objectives are achieving universal access to banking, providing RuPay debit cards and overdraft facilities to households, financial literacy programs, and credit guarantee and micro-insurance schemes. While progress has been made, challenges remain in reaching remote unbanked areas and developing simple, user-friendly services and products for low-income groups. The study examines the level of financial access and awareness of the scheme among urban informal workers in Odisha,
Implementing the aspects of financial inclusion in the phase of demonetisatio...IJLT EMAS
The concept of ‘financial inclusion’ was introduced by
the reserve bank of India in April 2005 with an objective of
delivering financial services to the economically challenged and
underdeveloped segment of the society at an affordable rate. RBI
encouraged the formal banking sector as well as the microfinance
sector to provide soft loans and savings facilities especially to the
poor with a flexible documentation process to attract them under
the umbrella of RBI. This will not only improve the financial
stake of the low-income group of the country, but also ensure
them a safe investment and will increase the portfolio size of the
bank and NBFCs. In 2014, The Government of India announced
‘Pradhan Mantri Jan Dhan Yojna” to expand the financial
inclusion project by bringing more people under banking and
banking spread sector. On 8th November 2016, Mr Narendra
Modi, Prime minister of India ceased 500 and 1000 rupee notes
as legal tender which can be termed as demonetization. Although
the immediate mission was to eradicate black money, fake money
and terror financing; it can be considered as a way forward to
the ‘Jan Dhan Yojna” and hence can be used as a strategy
instrument of imposing financial inclusion across the country.
This paper examines the advantages and disadvantages of
demonetization in implementing financial inclusion in India. In
spite of the fact that demonetization will force the people to make
their transaction through bank and NBFCs , there are serious
challenges like the liquidity crunch of the cash based segment of
the economy, the bank and digital literacy issues etc. In this
paper the challenging issues have been addressed as well as the
bottleneck of financial inclusion in post-demonetization period
has been discussed by identifying the crucial parameters like
percentage of people having bank account, the percentage of
people uses mobile and /or internet, the literacy percentage of the
country, the policy of the banks, the documentation requirement
of the bank and feasibility of the poor section etc.
The State of Financial Inclusion – An Overview and AdvancementIJLT EMAS
Financial Inclusion is delivery of banking services at an affordable cost to the vast sections of disadvantaged and low income groups. The main focus of financial inclusion in India is to promote sustainable development and generating employment in rural areas for the rural population. In India, few households have access to banking services. There are many factors affecting access to financial services by weaker section of society in India. Several steps have been taken by the Reserve Bank of India and the Government to bring the financially excluded people to the fold of the formal banking services. Financial Access Survey for 2016 released by International Monetary Fund (IMF) shows that in India there only 13 commercial bank branches per 1,00,000 individuals. PM Jan Dhan Yojna (PMJDY) was highly successful in opening bank accounts in which more than 97% of the accounts were opened with the public banks, but around 72% of these accounts show 'zero balances'. More than 1 crore bank accounts have been opened under PMJDY. However, despite the opening of such accounts, access has been lower. Access to banking is an important indicator of the level of financial inclusion in the country. India's urban and semi-urban region performs fairly well, however rural region is still underdeveloped in banking. Digital India campaign recently launched schemes like MUDRA, startup India, PMJDY, initiation of new banks like payment banks, PSL certificates trading etc. are in the right direction. With government moving towards DBT for subsidies financial inclusion becomes very critical. Focus should shift to increase coverage, reach of services and ease of availing credit.
Indonesia has potential for microfinance market development through micro-businesses, which represent over 55 million enterprises and contribute to economic growth. However, only 10% of Indonesia's 100 million potential microfinance clients currently have access to financial services. New regulations require banks to allocate 20% of loans to microloans by 2018, opening opportunities to expand access. Indonesia has a long history of microfinance and over 60,000 microfinance institutions, but penetration rates remain low at 0.2% compared to other countries. The potential market can be developed through addressing demographic challenges in reaching rural communities and improving access in underserved areas.
This document discusses financial inclusion in India based on a literature review and analysis of key statistics. It begins by providing context on India's economic growth since 1991 and defines financial inclusion. It then reviews literature on various aspects of financial inclusion in India. Key statistics analyzed include the availability of ATMs and bank branches in India compared to other countries, growth in agricultural credit and bank accounts in rural areas, and the progress of banks in expanding access in rural villages. The overall perspective presented is that while progress has been made in expanding access to financial services in India, significant deficiencies still remain, particularly for vulnerable groups, and India still lags globally in terms of access points per population when compared to other nations.
A study of Branchless banking for financial inclusion in India!L S Subramanian
Branchless banking plays a key role in achieving financial inclusion in India. It provides banking services to the large unbanked population through methods like business correspondents and use of technologies like mobile phones. Studies show over 50% of Indian households do not have access to formal banking. The government and Reserve Bank of India have implemented policies like the National Rural Financial Inclusion Plan to increase access through branchless models. Research found branchless banking has benefited customers by providing convenient, affordable services. However, more financial education is still needed and future models could offer additional products like insurance to further help low-income groups.
The document provides an overview and analysis of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme launched by the Indian government. It discusses the background and objectives of PMJDY, which aims to provide universal access to banking facilities and promote financial inclusion. The performance has exceeded expectations with over 12.5 crore accounts opened within the first 9 months. Going forward, stakeholders will need to address operational challenges to strengthen implementation and ensure accounts remain active. The success of PMJDY can help promote inclusive growth in India.
This document appears to be a chapter from a student's research project on perceptions of people towards the Pradhan Mantri Jan Dhan Yojana (PMJDY) program in India. The chapter provides background on financial inclusion in India and defines key terms. It discusses the objectives and importance of PMJDY, launched in 2014 to provide universal access to banking services. Key elements of PMJDY include opening bank accounts for all that can be held at zero balance and linking them to Aadhaar cards and Rupay debit cards. Over 16 crore accounts were opened under the scheme by June 2015, with over Rs. 18,000 crore deposited.
Trend of Zero Balance Accounts under PMJDY - Part - 4Resurgent India
Of the 20 crore accounts opened under the scheme, about 53 lakh have been offered the overdraft facility. But the overdraft was sanctioned for only around 27.5 lakh accounts, of which only around 12.3 lakh accounts availed this facility amounting to a disbursement of Rs.166 crore.
Implementation of PMJDY with special reference to village Aakhar, District Ba...Rani Singh
The document discusses the implementation of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme with a special focus on the village of Aakhar in Ballia district, Uttar Pradesh. It provides background on previous financial inclusion efforts in India and outlines the objectives and key features of the PMJDY scheme launched in 2014, including providing all Indian households with a bank account, debit card, accident insurance and access to other financial products and services. The document also analyzes progress made on financial inclusion to date and challenges faced.
Indian agriculture sector experiences vicious circle of poverty which decelerate economic growth. Financial exclusion is one of the main reason of it. In India marginals and weaker sections are excluded from main stream of the economy. To achieve sustainable development, all sections of the people need to be come into main stream. This study is an attempt to understand the concept of financial inclusion, financial inclusion in India and micro finance. RBI defines “Financial Inclusion is the process of ensuring access to appropriate financial products and services needed by all sections of the society in general and vulnerable groups such as weaker sections and low income groups in particular at an affordable cost in a fair and transparent manner by mainstream institutional players”. The present study also tries to understand how micro finance lending facilitates the acceleration of financial inclusion. Micro finance lending is a strong weapon of financial inclusion. Micro credit provided by banks emerged as a major policy tool of financial assistance in the rural credit, particularly to the poor sections of the society. Micro finance by providing small loans and savings facilities to those who have been excluded from other formal services, acting as a key strategy for reducing poverty and discrimination.
Inclusive development means empowerment of weaker sections, SC/STs and women. In this context “financial inclusion “ owns its significance.
Financial Inclusion Summit 2016 - PMJDY Scheme - Part - 3Resurgent India
The Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme was launched in August 2014 by Prime Minister Narendra Modi with the objective of ensuring affordable access to financial services like banking, credit, insurance, and remittances to disadvantaged and low-income groups. Phase 1 provided basic bank accounts and debit cards with accident insurance. Phase 2 seeks to promote activity in the bank accounts by providing overdraft facilities and credit guarantee funds, as well as micro insurance. As of January 2016, over 20 crore accounts have been opened under PMJDY with deposits over 30,000 crore. However, more work remains to achieve complete financial inclusion.
project report on financial inclusion through the pradhan mantri jan dhan yoj...saroj sah
This document provides an introduction and rationale for a study on financial inclusion through the Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme in India. It discusses the background and importance of financial inclusion in India. The objectives of the PMJDY scheme launched in 2014 are to ensure access to basic banking services like savings accounts, credit, remittances, insurance and pensions for excluded groups. The document outlines the current state of financial inclusion in India, past efforts towards inclusion, and the goals of the new PMJDY scheme to cover all households with banking access.
Innovations in financial services industryRADHIKA GUPTA
The document discusses innovations in India's pension sector. It provides background on India's financial services industry and the growth of the pension sector. The key innovation discussed is India's National Pension System (NPS), which aims to provide retirement income to citizens and encourage savings. The NPS allows individuals to save in tax-preferred Tier I and voluntary Tier II accounts. Contributions to the NPS are growing and expected to exceed $1 trillion by 2025, reflecting the pension sector's expansion in India.
JAN DHAN YOJNA COMPLETE PROJECT(SUMEET SARASWATA)Sumit SARASWAT
Union Bank of India has played a proactive role in India's economic growth by providing credit to different sectors. It has over 4,200 branches across India. The Pradhan Mantri Jan Dhan Yojana (PMJDY) financial inclusion scheme aims to provide bank accounts to all households, and over 17.45 crore accounts were opened by August 2015, with Rs. 22,032.68 crore deposited. PMJDY has positively impacted banks like Union Bank by expanding customer base and increasing deposits.
This document discusses financial inclusion and credit options for micro, small, and medium enterprises (MSMEs) in India. It defines MSMEs and microenterprises according to Indian law. It outlines past financing initiatives for MSMEs by public sector banks and the Small Industries Development Bank of India. It also discusses the importance of microloans for very small businesses and entrepreneurs in alleviating poverty. Overall, the document examines the credit needs of MSMEs and various government efforts to enhance access to financing.
Analysis of the Level of Financial Literacy and Financial Inclusion among Rur...iosrjce
Financial Literacy is the base and primary step for financial inclusion. It provides knowledge on
merits and demerits of financial products and services, based on that an individual can select the right product
which suits his/her needs. In the words of Shri Pranab Mukherjee, (2013) financial literacy refers “Financial
literacy and education plays a vital role in financial inclusion, inclusive growth and sustainable prosperity”. It
ensures that financial services are to be reached to weaker sections or unreached sections of the society. All the
initiatives should aim at achieving financial inclusion through financial literacy.
For improving awareness of financial literacy, several schemes were implemented by the Reserve Banking
of India, the Security and Exchange Board of India, Insurance Regulatory Development Authority, Pension
Fund Regulatory and Development Authority (PFRADA). These bodies are engaged in various financial
education programs in improving financial literacy thereby achieving financial inclusion. Various strategies
are also being implemented for the improvement of financial literacy in India. These include introducing
financial education in school curriculums especially government schools in rural areas, and financial-literacy
training programs set up by commercial banks in urban and semi-urban areas. Village adoption programs were
also established by educational institutions in rural areas. There is a strong concern for banks to arrange
regular campaign through media and road shows to spread awareness about financial inclusion and financial
literacy. The main objective of this study is to know the level of financial literacyamong rural households in
Krishna District, Andhra Pradesh and banking penetration in selected mandals.
Microfinance and the Challenge of Financial Inclusion for Sme’s Development i...IOSRJBM
This paper examined microfinance and the challenge of financial inclusion for SMEs development in Nigeria. The study adopted two separate econometrics models for capturing and testing for significance in the stated objectives between 2005 and 2015. The first model determined whether financial inclusion improve the financial well-being of low-income savers in the study period. The second investigated the impact that micro finance has on the performance of small and medium scale enterprises. Each of the models was subjected to the Ordinary Least Square regression to determine the appropriateness of models estimated. Findings from the empirical results in model one (1) and two (2) indicated relationship between financial inclusion in Nigeria, microfinance, and small business enterprises over 10 years period of study. The study found out that there is a significant relationship between financial inclusion and financial well – being of the low income earners. Empirical finding that examines the relationship between microfinance and small business in Nigeria indicates that there is a negative significant relationship between loan to small enterprises and loan to rural areas in Nigeria in the period under study. The study suggests therefore that financial inclusion will have a positive significant impact on the development of small business if the plan to include everyone works in Nigeria.
Financial inclusion aims to provide banking services to all individuals in a fair manner. In India, financial inclusion first began as a pilot project in 2005 and has since expanded through various government initiatives. Key aspects of financial inclusion in India include the establishment of "no-frills" bank accounts, use of business correspondents to expand access, and the goal of opening 600 million new customer accounts by 2020. However, challenges remain due to issues like illiteracy and lack of adequate banking infrastructure in rural areas. The document reviews literature on financial inclusion and provides data on banking access and account ownership across Indian states.
This document discusses financial inclusion in India. It defines financial inclusion as providing access to formal financial services and credit to all members of society. In India, financial inclusion efforts began in 2005 with pilot programs opening bank accounts in rural villages. The Reserve Bank of India works to promote financial inclusion through business correspondents, relaxed KYC norms, and credit programs. As of 2012, progress included over 100 million "no-frills" bank accounts, over 1 million banking access points, and nearly 1 billion dollars in outstanding balances in rural accounts. However, illiteracy and lack of infrastructure in rural areas continue to pose challenges to full financial inclusion in India.
A STUDY ON PROFITABILITY OF MSME LENDING BUSINESS FOR BANKS IN INDIAJohn1Lorcan
Micro Small and Medium enterprises play a very important role in India economy. MSMEs face several
problems, non-availability of finance is an important challenge for MSMEs in India. Among MSMEs,
micro unit face even more challenges as compared to medium and small enterprises. This research paper
is a study on the profitability of MSME loans given by banks in India. The analyses conclude that the
growth of MSMEs is higher than the growth of GDP and hence MSMEs are driving growth of the country;
MSMEs are paying higher rate of interest and hence banks generate better interest income on these loans;
and the NPAs in MSME accounts are lesser than the NPAs in large accounts. Hence the study concludes
that lending to MSMEs by banks is more remunerative and is also helping the country increase its GDP
growth and employment. Therefore, the banks should provide more loans to MSMEs by simplifying their
processes.
The document discusses financial exclusion in India, where nearly half the population is unbanked and lacks access to basic financial services. It outlines various barriers that contribute to financial exclusion, including low income, lack of assets or savings, and geographical remoteness. The definition of financial inclusion promoted by the Rangarajan Committee is discussed as ensuring access to appropriate and affordable financial products and services for vulnerable groups. Government and banks have taken steps to promote inclusion through no-frills accounts, business correspondent models, self-help groups, and financial literacy programs. However, challenges remain around high transaction costs, limiting business models, and lack of involvement from large technology players.
Measures for Achieving Financial Inclusion in India and Its Inclusive Growthiosrjce
Financial Inclusion is the first and foremost policy option to fulfil social and financial needs across
the country. The primary responsibility, in any country, is providing financial services to vulnerable groups to
improve their standard of living. “Fifty six percent of adults in the world do not have access to formal financial
services” (Oya Pinar Ardic, 2011), whereas “in India 89.3 million farmers i.e., 72.7% of total population, are
excluded from formal sources of finance” (KabitaKumariSahu, 2013). The Reserve Bank of India directed
commercial banks to promote financial inclusion in India which in turn results in the development of
economically backward areas. Rajan&Zingales, (1998) indicates that “there is a positive relationship between
financial developments with growth in banking industry through financial inclusion”. Leeladhar, (2006) states
that liberalization of banking services at an affordable cost to vast sections of disadvantaged and low-income
groups is essential for sustainable growth of an economy. As per the directions of RBI, all commercial banks
have been taking assistance from various social and financial entities like Joint Liability Groups, Non-Banking
Finance Companies (NBFC), Self-help groups, co-operative Banks, and Regional Rural Banks (RRBs) to
improve financial inclusion.“Financial inclusion is a very important, complementary and incremental approach
for inclusive development and poverty reduction” (Michael Chibba, 2009).The main objective of the study is to
know the status of financial inclusion in India and to give appropriate suggestions for inclusive growth of an
economy.
Financial inclusion for sustainable developmentTapasya123
For any developing country like India, the sustainable growth of nation is only possible
by inclusive all financial services to those groups who are excluded to access financial
system. The approach that was first used by the government for financial inclusion
was Swabhimaan. In Swabhimaan, the target area was rural with account opening
as the main focus ignoring the use of mobile banking. Pradhan Mantri Jan-Dhan
Yojana (PMJDY) is introduced to overcome the loopholes of Swabhimaan. It is an
urge of the hour to make the people understand that financial inclusion is the emerging
financial means which play major role to develop country by eradicating poverty.
The main objective of financial inclusion is a basic no frill account, credit availability
at appropriate rate, knowledge of secure savings and financial products, remittance,
pension and insurance etc. PMJDY is major financial plan with the objective of covering
all households in the country with banking facilities along with inbuilt insurance
coverage. The paper implies to study the need of financial inclusions in India with
special reference to PMJDY for the sustainable growth of economy.
Financil Inclusion for Sustainable Development through Pradhan Mantri Jan-Dha...professionalpanorama
For any developing country like India, the sustainable growth of nation is only possible
by inclusive all financial services to those groups who are excluded to access financial
system. The approach that was first used by the government for financial inclusion
was Swabhimaan. In Swabhimaan, the target area was rural with account opening
as the main focus ignoring the use of mobile banking. Pradhan Mantri Jan-Dhan
Yojana (PMJDY) is introduced to overcome the loopholes of Swabhimaan. It is an
urge of the hour to make the people understand that financial inclusion is the emerging
financial means which play major role to develop country by eradicating poverty.
The main objective of financial inclusion is a basic no frill account, credit availability
at appropriate rate, knowledge of secure savings and financial products, remittance,
pension and insurance etc. PMJDY is major financial plan with the objective of covering
all households in the country with banking facilities along with inbuilt insurance
coverage. The paper implies to study the need of financial inclusions in India with
special reference to PMJDY for the sustainable growth of economy.
Keywords: Financial Exclusion, Financial Inclusion, PMJDY, Sustainable Growth.
A Little World: Facilitating Safe and Efficient M-Banking in Rural IndiaAshley Metz
The initiative is led by a private sector organization, A Little World (ALW) and its sister entity, a non-profit organization, ZERO Microfinance and Savings Support Foundation (ZMF). ALW and ZMF act as intermediaries between rural communities at one end, and mainstream financial institutions and the government at the other end. ALW offers a secure, low‐cost technology driven delivery platform for financial services through special mobile phones that store and help manage a vast amount of customer bank account data, authenticates account holders through photo and biometric identification and allows access to the bank accounts as Point of Service terminals. Since its pilot project in 2006, ALW and ZMF have rapidly grown and are now present in 22 states, with over four million rural customers, 8,314 points of presence and an average of 25,000 new account openings every day.
In a society where a large chunk of people are financially excluded, financial literacy would play a game changing role in promoting financial inclusion. In March 2010, Hon’ble Finance Minister of India during RBI-OECD Workshop on Financial Literacy mentioned: “ Financial literacy, and education, plays a crucial role financial inclusion, inclusive growth and sustainable prosperity”.
EMERGING TRENDS IN BANKING SECTOR – A COMPARATIVE STUDY FROM FINANCIAL INCLUS...IAEME Publication
Financial inclusion of the entire population is an important vehicle for development in a country The number of financially excluded people in a developing country like India is much higher than many developed countries in spite of the several initiatives taken by the Government of India for the rising middle class in the towns and villages investment in banking products is not a default choice. A preliminary investigation has been carried outin one such district in India pertaining to the banking products. The study is exploratory and analytical in nature. The main objective is to study the present scenario in banking.
This document discusses financial inclusion in India. It defines financial inclusion as ensuring access to financial services for vulnerable groups at affordable costs. It outlines various definitions of financial inclusion from organizations like ADB, UN, and the Rangarajan Committee. It discusses the historical perspective of financial inclusion in India since the 1950s. It notes that while access to financial services has increased, 100% inclusion has not been achieved. The document reviews several studies on topics like the level of inclusion in various Indian states and cities. It discusses the need for financial inclusion to promote equitable growth, poverty eradication, and sustainable livelihoods. Finally, it outlines the research methodology used in a case study on financial inclusion in an Indian village.
FINANCIAL INCLUSION THROUGH BUSINESS CORRESPONDENT MODELIAEME Publication
In recent years, India has witnessed a high rate of economic growth, which has resulted in greater personal wealth for many Indians. However, a majority section of the society is still financially uncovered, meaning it does not have access to formal financial institutions. In light of recent research that shows a strong correlation between financial exclusion and poverty and inequality, the Indian government has made financial inclusion an integral part of its planning strategy. The spreading of banking network to the vast rural areas of the country at an affordable cost remains as a challenge to all those who are involved. In India, an effort has been made to achieve financial inclusion by using information and communication technology through a Business Correspondent model.
Trend of Zero Balance Accounts under PMJDY - Part - 4Resurgent India
Of the 20 crore accounts opened under the scheme, about 53 lakh have been offered the overdraft facility. But the overdraft was sanctioned for only around 27.5 lakh accounts, of which only around 12.3 lakh accounts availed this facility amounting to a disbursement of Rs.166 crore.
Implementation of PMJDY with special reference to village Aakhar, District Ba...Rani Singh
The document discusses the implementation of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme with a special focus on the village of Aakhar in Ballia district, Uttar Pradesh. It provides background on previous financial inclusion efforts in India and outlines the objectives and key features of the PMJDY scheme launched in 2014, including providing all Indian households with a bank account, debit card, accident insurance and access to other financial products and services. The document also analyzes progress made on financial inclusion to date and challenges faced.
Indian agriculture sector experiences vicious circle of poverty which decelerate economic growth. Financial exclusion is one of the main reason of it. In India marginals and weaker sections are excluded from main stream of the economy. To achieve sustainable development, all sections of the people need to be come into main stream. This study is an attempt to understand the concept of financial inclusion, financial inclusion in India and micro finance. RBI defines “Financial Inclusion is the process of ensuring access to appropriate financial products and services needed by all sections of the society in general and vulnerable groups such as weaker sections and low income groups in particular at an affordable cost in a fair and transparent manner by mainstream institutional players”. The present study also tries to understand how micro finance lending facilitates the acceleration of financial inclusion. Micro finance lending is a strong weapon of financial inclusion. Micro credit provided by banks emerged as a major policy tool of financial assistance in the rural credit, particularly to the poor sections of the society. Micro finance by providing small loans and savings facilities to those who have been excluded from other formal services, acting as a key strategy for reducing poverty and discrimination.
Inclusive development means empowerment of weaker sections, SC/STs and women. In this context “financial inclusion “ owns its significance.
Financial Inclusion Summit 2016 - PMJDY Scheme - Part - 3Resurgent India
The Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme was launched in August 2014 by Prime Minister Narendra Modi with the objective of ensuring affordable access to financial services like banking, credit, insurance, and remittances to disadvantaged and low-income groups. Phase 1 provided basic bank accounts and debit cards with accident insurance. Phase 2 seeks to promote activity in the bank accounts by providing overdraft facilities and credit guarantee funds, as well as micro insurance. As of January 2016, over 20 crore accounts have been opened under PMJDY with deposits over 30,000 crore. However, more work remains to achieve complete financial inclusion.
project report on financial inclusion through the pradhan mantri jan dhan yoj...saroj sah
This document provides an introduction and rationale for a study on financial inclusion through the Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme in India. It discusses the background and importance of financial inclusion in India. The objectives of the PMJDY scheme launched in 2014 are to ensure access to basic banking services like savings accounts, credit, remittances, insurance and pensions for excluded groups. The document outlines the current state of financial inclusion in India, past efforts towards inclusion, and the goals of the new PMJDY scheme to cover all households with banking access.
Innovations in financial services industryRADHIKA GUPTA
The document discusses innovations in India's pension sector. It provides background on India's financial services industry and the growth of the pension sector. The key innovation discussed is India's National Pension System (NPS), which aims to provide retirement income to citizens and encourage savings. The NPS allows individuals to save in tax-preferred Tier I and voluntary Tier II accounts. Contributions to the NPS are growing and expected to exceed $1 trillion by 2025, reflecting the pension sector's expansion in India.
JAN DHAN YOJNA COMPLETE PROJECT(SUMEET SARASWATA)Sumit SARASWAT
Union Bank of India has played a proactive role in India's economic growth by providing credit to different sectors. It has over 4,200 branches across India. The Pradhan Mantri Jan Dhan Yojana (PMJDY) financial inclusion scheme aims to provide bank accounts to all households, and over 17.45 crore accounts were opened by August 2015, with Rs. 22,032.68 crore deposited. PMJDY has positively impacted banks like Union Bank by expanding customer base and increasing deposits.
This document discusses financial inclusion and credit options for micro, small, and medium enterprises (MSMEs) in India. It defines MSMEs and microenterprises according to Indian law. It outlines past financing initiatives for MSMEs by public sector banks and the Small Industries Development Bank of India. It also discusses the importance of microloans for very small businesses and entrepreneurs in alleviating poverty. Overall, the document examines the credit needs of MSMEs and various government efforts to enhance access to financing.
Analysis of the Level of Financial Literacy and Financial Inclusion among Rur...iosrjce
Financial Literacy is the base and primary step for financial inclusion. It provides knowledge on
merits and demerits of financial products and services, based on that an individual can select the right product
which suits his/her needs. In the words of Shri Pranab Mukherjee, (2013) financial literacy refers “Financial
literacy and education plays a vital role in financial inclusion, inclusive growth and sustainable prosperity”. It
ensures that financial services are to be reached to weaker sections or unreached sections of the society. All the
initiatives should aim at achieving financial inclusion through financial literacy.
For improving awareness of financial literacy, several schemes were implemented by the Reserve Banking
of India, the Security and Exchange Board of India, Insurance Regulatory Development Authority, Pension
Fund Regulatory and Development Authority (PFRADA). These bodies are engaged in various financial
education programs in improving financial literacy thereby achieving financial inclusion. Various strategies
are also being implemented for the improvement of financial literacy in India. These include introducing
financial education in school curriculums especially government schools in rural areas, and financial-literacy
training programs set up by commercial banks in urban and semi-urban areas. Village adoption programs were
also established by educational institutions in rural areas. There is a strong concern for banks to arrange
regular campaign through media and road shows to spread awareness about financial inclusion and financial
literacy. The main objective of this study is to know the level of financial literacyamong rural households in
Krishna District, Andhra Pradesh and banking penetration in selected mandals.
Microfinance and the Challenge of Financial Inclusion for Sme’s Development i...IOSRJBM
This paper examined microfinance and the challenge of financial inclusion for SMEs development in Nigeria. The study adopted two separate econometrics models for capturing and testing for significance in the stated objectives between 2005 and 2015. The first model determined whether financial inclusion improve the financial well-being of low-income savers in the study period. The second investigated the impact that micro finance has on the performance of small and medium scale enterprises. Each of the models was subjected to the Ordinary Least Square regression to determine the appropriateness of models estimated. Findings from the empirical results in model one (1) and two (2) indicated relationship between financial inclusion in Nigeria, microfinance, and small business enterprises over 10 years period of study. The study found out that there is a significant relationship between financial inclusion and financial well – being of the low income earners. Empirical finding that examines the relationship between microfinance and small business in Nigeria indicates that there is a negative significant relationship between loan to small enterprises and loan to rural areas in Nigeria in the period under study. The study suggests therefore that financial inclusion will have a positive significant impact on the development of small business if the plan to include everyone works in Nigeria.
Financial inclusion aims to provide banking services to all individuals in a fair manner. In India, financial inclusion first began as a pilot project in 2005 and has since expanded through various government initiatives. Key aspects of financial inclusion in India include the establishment of "no-frills" bank accounts, use of business correspondents to expand access, and the goal of opening 600 million new customer accounts by 2020. However, challenges remain due to issues like illiteracy and lack of adequate banking infrastructure in rural areas. The document reviews literature on financial inclusion and provides data on banking access and account ownership across Indian states.
This document discusses financial inclusion in India. It defines financial inclusion as providing access to formal financial services and credit to all members of society. In India, financial inclusion efforts began in 2005 with pilot programs opening bank accounts in rural villages. The Reserve Bank of India works to promote financial inclusion through business correspondents, relaxed KYC norms, and credit programs. As of 2012, progress included over 100 million "no-frills" bank accounts, over 1 million banking access points, and nearly 1 billion dollars in outstanding balances in rural accounts. However, illiteracy and lack of infrastructure in rural areas continue to pose challenges to full financial inclusion in India.
A STUDY ON PROFITABILITY OF MSME LENDING BUSINESS FOR BANKS IN INDIAJohn1Lorcan
Micro Small and Medium enterprises play a very important role in India economy. MSMEs face several
problems, non-availability of finance is an important challenge for MSMEs in India. Among MSMEs,
micro unit face even more challenges as compared to medium and small enterprises. This research paper
is a study on the profitability of MSME loans given by banks in India. The analyses conclude that the
growth of MSMEs is higher than the growth of GDP and hence MSMEs are driving growth of the country;
MSMEs are paying higher rate of interest and hence banks generate better interest income on these loans;
and the NPAs in MSME accounts are lesser than the NPAs in large accounts. Hence the study concludes
that lending to MSMEs by banks is more remunerative and is also helping the country increase its GDP
growth and employment. Therefore, the banks should provide more loans to MSMEs by simplifying their
processes.
The document discusses financial exclusion in India, where nearly half the population is unbanked and lacks access to basic financial services. It outlines various barriers that contribute to financial exclusion, including low income, lack of assets or savings, and geographical remoteness. The definition of financial inclusion promoted by the Rangarajan Committee is discussed as ensuring access to appropriate and affordable financial products and services for vulnerable groups. Government and banks have taken steps to promote inclusion through no-frills accounts, business correspondent models, self-help groups, and financial literacy programs. However, challenges remain around high transaction costs, limiting business models, and lack of involvement from large technology players.
Measures for Achieving Financial Inclusion in India and Its Inclusive Growthiosrjce
Financial Inclusion is the first and foremost policy option to fulfil social and financial needs across
the country. The primary responsibility, in any country, is providing financial services to vulnerable groups to
improve their standard of living. “Fifty six percent of adults in the world do not have access to formal financial
services” (Oya Pinar Ardic, 2011), whereas “in India 89.3 million farmers i.e., 72.7% of total population, are
excluded from formal sources of finance” (KabitaKumariSahu, 2013). The Reserve Bank of India directed
commercial banks to promote financial inclusion in India which in turn results in the development of
economically backward areas. Rajan&Zingales, (1998) indicates that “there is a positive relationship between
financial developments with growth in banking industry through financial inclusion”. Leeladhar, (2006) states
that liberalization of banking services at an affordable cost to vast sections of disadvantaged and low-income
groups is essential for sustainable growth of an economy. As per the directions of RBI, all commercial banks
have been taking assistance from various social and financial entities like Joint Liability Groups, Non-Banking
Finance Companies (NBFC), Self-help groups, co-operative Banks, and Regional Rural Banks (RRBs) to
improve financial inclusion.“Financial inclusion is a very important, complementary and incremental approach
for inclusive development and poverty reduction” (Michael Chibba, 2009).The main objective of the study is to
know the status of financial inclusion in India and to give appropriate suggestions for inclusive growth of an
economy.
Financial inclusion for sustainable developmentTapasya123
For any developing country like India, the sustainable growth of nation is only possible
by inclusive all financial services to those groups who are excluded to access financial
system. The approach that was first used by the government for financial inclusion
was Swabhimaan. In Swabhimaan, the target area was rural with account opening
as the main focus ignoring the use of mobile banking. Pradhan Mantri Jan-Dhan
Yojana (PMJDY) is introduced to overcome the loopholes of Swabhimaan. It is an
urge of the hour to make the people understand that financial inclusion is the emerging
financial means which play major role to develop country by eradicating poverty.
The main objective of financial inclusion is a basic no frill account, credit availability
at appropriate rate, knowledge of secure savings and financial products, remittance,
pension and insurance etc. PMJDY is major financial plan with the objective of covering
all households in the country with banking facilities along with inbuilt insurance
coverage. The paper implies to study the need of financial inclusions in India with
special reference to PMJDY for the sustainable growth of economy.
Financil Inclusion for Sustainable Development through Pradhan Mantri Jan-Dha...professionalpanorama
For any developing country like India, the sustainable growth of nation is only possible
by inclusive all financial services to those groups who are excluded to access financial
system. The approach that was first used by the government for financial inclusion
was Swabhimaan. In Swabhimaan, the target area was rural with account opening
as the main focus ignoring the use of mobile banking. Pradhan Mantri Jan-Dhan
Yojana (PMJDY) is introduced to overcome the loopholes of Swabhimaan. It is an
urge of the hour to make the people understand that financial inclusion is the emerging
financial means which play major role to develop country by eradicating poverty.
The main objective of financial inclusion is a basic no frill account, credit availability
at appropriate rate, knowledge of secure savings and financial products, remittance,
pension and insurance etc. PMJDY is major financial plan with the objective of covering
all households in the country with banking facilities along with inbuilt insurance
coverage. The paper implies to study the need of financial inclusions in India with
special reference to PMJDY for the sustainable growth of economy.
Keywords: Financial Exclusion, Financial Inclusion, PMJDY, Sustainable Growth.
A Little World: Facilitating Safe and Efficient M-Banking in Rural IndiaAshley Metz
The initiative is led by a private sector organization, A Little World (ALW) and its sister entity, a non-profit organization, ZERO Microfinance and Savings Support Foundation (ZMF). ALW and ZMF act as intermediaries between rural communities at one end, and mainstream financial institutions and the government at the other end. ALW offers a secure, low‐cost technology driven delivery platform for financial services through special mobile phones that store and help manage a vast amount of customer bank account data, authenticates account holders through photo and biometric identification and allows access to the bank accounts as Point of Service terminals. Since its pilot project in 2006, ALW and ZMF have rapidly grown and are now present in 22 states, with over four million rural customers, 8,314 points of presence and an average of 25,000 new account openings every day.
In a society where a large chunk of people are financially excluded, financial literacy would play a game changing role in promoting financial inclusion. In March 2010, Hon’ble Finance Minister of India during RBI-OECD Workshop on Financial Literacy mentioned: “ Financial literacy, and education, plays a crucial role financial inclusion, inclusive growth and sustainable prosperity”.
EMERGING TRENDS IN BANKING SECTOR – A COMPARATIVE STUDY FROM FINANCIAL INCLUS...IAEME Publication
Financial inclusion of the entire population is an important vehicle for development in a country The number of financially excluded people in a developing country like India is much higher than many developed countries in spite of the several initiatives taken by the Government of India for the rising middle class in the towns and villages investment in banking products is not a default choice. A preliminary investigation has been carried outin one such district in India pertaining to the banking products. The study is exploratory and analytical in nature. The main objective is to study the present scenario in banking.
This document discusses financial inclusion in India. It defines financial inclusion as ensuring access to financial services for vulnerable groups at affordable costs. It outlines various definitions of financial inclusion from organizations like ADB, UN, and the Rangarajan Committee. It discusses the historical perspective of financial inclusion in India since the 1950s. It notes that while access to financial services has increased, 100% inclusion has not been achieved. The document reviews several studies on topics like the level of inclusion in various Indian states and cities. It discusses the need for financial inclusion to promote equitable growth, poverty eradication, and sustainable livelihoods. Finally, it outlines the research methodology used in a case study on financial inclusion in an Indian village.
FINANCIAL INCLUSION THROUGH BUSINESS CORRESPONDENT MODELIAEME Publication
In recent years, India has witnessed a high rate of economic growth, which has resulted in greater personal wealth for many Indians. However, a majority section of the society is still financially uncovered, meaning it does not have access to formal financial institutions. In light of recent research that shows a strong correlation between financial exclusion and poverty and inequality, the Indian government has made financial inclusion an integral part of its planning strategy. The spreading of banking network to the vast rural areas of the country at an affordable cost remains as a challenge to all those who are involved. In India, an effort has been made to achieve financial inclusion by using information and communication technology through a Business Correspondent model.
Research Inventy : International Journal of Engineering and Scienceresearchinventy
Research Inventy : International Journal of Engineering and Science is published by the group of young academic and industrial researchers with 12 Issues per year. It is an online as well as print version open access journal that provides rapid publication (monthly) of articles in all areas of the subject such as: civil, mechanical, chemical, electronic and computer engineering as well as production and information technology. The Journal welcomes the submission of manuscripts that meet the general criteria of significance and scientific excellence. Papers will be published by rapid process within 20 days after acceptance and peer review process takes only 7 days. All articles published in Research Inventy will be peer-reviewed.
Self help group (shg) bank linkage model - a viable tool for financial incl...Alexander Decker
This document discusses the Self Help Group (SHG) - Bank Linkage model as a tool for promoting financial inclusion in India. It begins with an abstract that introduces financial inclusion as a means to eliminate poverty and promote empowerment. It then provides background on the extent of financial exclusion in rural India and the role of microfinance in addressing this issue. The main body of the document defines the SHG-Bank Linkage model and discusses its role in expanding banking outreach to promote greater financial inclusion. It examines the current status of the SHG Bank Linkage Model and concludes that it has played a critical role in the expansion of banking services and promoting greater access to financial resources for rural populations.
Perceptions of People from Economically Backward Section towards Financial In...iosrjce
Financial Inclusion aims to provide the financial services to the people from economically backward
section of the society. The objective is to assist them in their economic improvement and achieve the sustainable
growth. In this study, an effort has been made to examine the views of the people from economically backward
sectionregarding the important aspects of financial inclusion. Views of 53 respondents are analyzed. ChiSquare,
nonparametric statistical technique, has been used to examine whether the views of the different
categories of the respondents about the important aspects of financial inclusiondiffer. Based on the views of the
respondents we found that bank employees are encouraging people from economically weaker sections to open
their accounts and people also found these accounts useful. Respondents are also of the view that education
level, income level, age and period of association of the account holder with the bank directly affects the quality
of services rendered. To further enhance the utility of the scheme and ensure its success, there is a need to
provide training to bank staff so that the quality of services rendered is not differentiated between different
categories of customers. Further, whereas this study pertains to the views of the economically weaker section,
there is a need to examine the views of bankers also, so that this scheme can be made more useful.
Financial Inclusion and Micro and Small Enterprises GrowthDr. Amarjeet Singh
The persons or firms linked with the either way of
financial transaction are known as participants of financial
inclusion financially included otherwise financially
excluded. The normal way of flow of money is routed
through banking system, post office, insurance and FBFC
channels. The MSE is financially included with operation of
saving account, current account or loan account with banks;
financial transaction with other government financial
agencies as well as some private sector NBFC. Recent
initiatives of Government of India and Indian Banking
system have accelerated the performance of financial
inclusion through various schemes such as MNREGS,
Jandhan, Atal Pension Yojna, MUDRA and so forth. The
MUDRA scheme, credit scheme for MSE, credit scheme for
KVIC & Coir firm, Kishan credit card, General Credit
Card are exclusive financial inclusion scheme for MSE
credit. Out of total size of MSEs, less than forty percent
units are getting benefits from schedule commercial banks;
as on 2017-18 only Rs. 1337 billion credit facilities given by
the lending institutions. The paper examines the current
status and potential prospect of financial inclusion at given
numbers of units and employment.
This document summarizes an analytical study on the relevance of financial inclusion for developing nations. It discusses the need for financial inclusion in developing countries to promote equitable growth and reduce poverty. The study examines India's progress on financial inclusion, including increasing access to banking services in rural areas through business correspondents and microfinance institutions. Data is presented on the growth in bank branches, no-frill accounts, loans disbursed, and other indicators between 2010-2012. While progress has been made, the study concludes that more efforts are still needed to close the gap between financially excluded populations and formal financial services.
This document summarizes an analytical study on the relevance of financial inclusion for developing nations. It discusses the need for financial inclusion to promote equitable growth and reduce income disparities. The objectives of the study are to explore the need for financial inclusion in promoting economic and social development, analyze India's current status of financial inclusion, and examine access to banking in rural areas. The study finds that while financial inclusion plays a catalytic role, more progress is still needed to achieve desired outcomes. It also reviews initiatives taken in India to promote financial inclusion since 2005.
An Analytical Study:Relevance of Financial Inclusion For Developing NationsDr Lendy Spires
The document analyzes the relevance of financial inclusion for developing nations. It discusses how financial inclusion, defined as providing affordable financial services to disadvantaged groups, is key to promoting inclusive growth. While initiatives in India have increased access to banking, challenges remain in bridging the gap between financially excluded sections. The study examines objectives and progress of financial inclusion in India, finding that efforts have expanded access points and accounts but more progress is needed to fully achieve desired economic and social development outcomes through financial inclusion.
1. The document discusses the role of banks in promoting financial inclusion in India. It examines how increased access to banking services like savings accounts, credit facilities, and insurance can help drive economic growth and reduce inequality.
2. The study analyzes secondary data on factors like the number of bank branches, ATM growth, and credit-deposit ratios in India from the past seven years. It finds that increased bank branches and higher credit-deposit ratios have had a positive significant impact on India's GDP, while ATM growth did not.
3. Financial inclusion, defined as access to affordable financial services for all including disadvantaged groups, is an important priority for the Indian government and regulators to promote inclusive economic development.
The document discusses financial inclusion in India. It defines financial inclusion as the delivery of affordable financial services to disadvantaged and low-income groups. The government and Reserve Bank of India have implemented several initiatives to promote financial inclusion, such as "no-frills" bank accounts, banking services through business correspondents, and electronic benefit transfers. However, full financial inclusion has not been achieved, as an estimated 560 million Indians still lack access to formal financial services. Innovative products, regulation, technology, and public-private partnerships are needed to make further progress on financial inclusion in India.
Financial inclusion by Joycee Wilson Dolare Joycee Pari
The document discusses financial inclusion in India. It defines financial inclusion as the delivery of affordable financial services to disadvantaged and low-income groups. The government and Reserve Bank of India have implemented several initiatives to promote financial inclusion, such as "no-frills" bank accounts, banking services through business correspondents, and electronic benefit transfers. However, full financial inclusion has not been achieved, as an estimated 560 million Indians still lack access to formal financial services. Innovative products, regulation, technology, and public-private partnerships are needed to make further progress on financial inclusion in India.
Rani Singh-Financial Inclusion Issues and ChallengesRani Singh
This document discusses the challenges and issues around financial inclusion in India. It provides statistics that show progress expanding access to banking services, but notes that full inclusion has not been achieved. Key issues discussed include the need to cover all households, not just villages; ensuring technology platforms are robust; improving financial literacy; and overcoming operational challenges in rural areas. The Prime Minister's Jan Dhan Yojana aims to provide universal banking access to all households by 2015 through basic bank accounts with debit cards and insurance, but achieving widespread usage remains a challenge.
Financial Inclusion in India – A Road Map towards Growth of Initiatives and A...iosrjce
This document summarizes a research paper on financial inclusion in India. It discusses the concept of financial inclusion and its importance for development. It outlines the large extent of financial exclusion historically in India, with only 35% of adults having bank accounts. The paper examines various approaches taken in India to promote financial inclusion, including no-frills bank accounts, Kisan credit cards, self-help groups linked to banks, and general purpose credit cards. It analyzes the progress made in expanding access to financial services in rural areas through these initiatives.
Financial inclusion and its determinants nitinDr Lendy Spires
This document summarizes a study that analyzes the determinants of financial inclusion in India using state-level panel data from 1995 to 2008. The study finds that increasing bank branch networks, as measured by average population per branch, has a beneficial impact on deposit penetration but a weaker impact on credit penetration. Higher state income levels are also found to have a positive impact on both credit and deposit penetration. Additionally, states with higher proportions of factories and employees tend to have greater banking activity and financial inclusion. The study concludes that policy attention should focus on low-performing regions to help close gaps in financial inclusion compared to better-performing regions.
Financial Inclusion and its Determinants - IndiaDr Lendy Spires
This document summarizes a study that analyzes the determinants of financial inclusion in India using state-level panel data from 1995 to 2008. The study finds that increasing bank branch networks, as measured by average population per branch, has a beneficial impact on deposit penetration but a weaker impact on credit penetration. Higher state income levels are also found to have a positive impact on both credit and deposit penetration. Additionally, states with higher proportions of factories and employees tend to have greater banking activity and financial inclusion. The study concludes that policy attention should focus on low-performing regions to help close gaps in financial inclusion compared to better-performing regions.
“Financial Inclusion in SHG-bank Linkage Model under SGSY with special refere...iosrjce
Financial Inclusion is a very big challenge to banking sector. Till now most of the banking facilities
are not reaching to deprive. Micro financing through SHGs is a vital weapon for poverty eradication. But due to
lack of uniformity it is not complete its target efficiently. In this paper try to focus on the financial inclusion in
SHGs-Bank Linkage Programme under SGSY scheme in Jhansi district. SBLP is the banking link with poors to
uplift their socio-economoc, health, nutrition, insurance, saving, education aspects. It is an attempt to clarify
how much this programme reach to beneficiaries of SHGs.
The present study differs from previous studies as it is focused its basic cause for reduction in quality numbers
of SHGs come out after complete all stages. Further, this paper tries to access the grass root issues relating to
SHGs and the normal course in decrease the number of SHGs at last stage in the study area. The study is
undertaken in four development blocks of jhansi Districts of Uttar Pradesh during 2009-13. It is observed that
due to fast growing of the SHG-bank linkage programme, quality credit linked SHG has not cover all stages of
the programme.. Some of the factors affecting the decline of SHGs are the target oriented approach of the
government in preparing group, inadequate incentive to NGO’s for nurturing their groups etc.
This paper has referred to research done over the years and tries to study the trend of average
amount of loan disbursed to SHGs, amount of bank loans outstanding and its associated gross NPA from 2015
to 2020, agent-wise
Similar to FINANCIAL INCLUSION IN INDIA: A ROAD MAP TOWARDS FUTURE GROWTH (20)
Submission Deadline: 30th September 2022
Acceptance Notification: Within Three Days’ time period
Online Publication: Within 24 Hrs. time Period
Expected Date of Dispatch of Printed Journal: 5th October 2022
MODELING AND ANALYSIS OF SURFACE ROUGHNESS AND WHITE LATER THICKNESS IN WIRE-...IAEME Publication
White layer thickness (WLT) formed and surface roughness in wire electric discharge turning (WEDT) of tungsten carbide composite has been made to model through response surface methodology (RSM). A Taguchi’s standard Design of experiments involving five input variables with three levels has been employed to establish a mathematical model between input parameters and responses. Percentage of cobalt content, spindle speed, Pulse on-time, wire feed and pulse off-time were changed during the experimental tests based on the Taguchi’s orthogonal array L27 (3^13). Analysis of variance (ANOVA) revealed that the mathematical models obtained can adequately describe performance within the parameters of the factors considered. There was a good agreement between the experimental and predicted values in this study.
A STUDY ON THE REASONS FOR TRANSGENDER TO BECOME ENTREPRENEURSIAEME Publication
The study explores the reasons for a transgender to become entrepreneurs. In this study transgender entrepreneur was taken as independent variable and reasons to become as dependent variable. Data were collected through a structured questionnaire containing a five point Likert Scale. The study examined the data of 30 transgender entrepreneurs in Salem Municipal Corporation of Tamil Nadu State, India. Simple Random sampling technique was used. Garrett Ranking Technique (Percentile Position, Mean Scores) was used as the analysis for the present study to identify the top 13 stimulus factors for establishment of trans entrepreneurial venture. Economic advancement of a nation is governed upon the upshot of a resolute entrepreneurial doings. The conception of entrepreneurship has stretched and materialized to the socially deflated uncharted sections of transgender community. Presently transgenders have smashed their stereotypes and are making recent headlines of achievements in various fields of our Indian society. The trans-community is gradually being observed in a new light and has been trying to achieve prospective growth in entrepreneurship. The findings of the research revealed that the optimistic changes are taking place to change affirmative societal outlook of the transgender for entrepreneurial ventureship. It also laid emphasis on other transgenders to renovate their traditional living. The paper also highlights that legislators, supervisory body should endorse an impartial canons and reforms in Tamil Nadu Transgender Welfare Board Association.
BROAD UNEXPOSED SKILLS OF TRANSGENDER ENTREPRENEURSIAEME Publication
Since ages gender difference is always a debatable theme whether caused by nature, evolution or environment. The birth of a transgender is dreadful not only for the child but also for their parents. The pain of living in the wrong physique and treated as second class victimized citizen is outrageous and fully harboured with vicious baseless negative scruples. For so long, social exclusion had perpetuated inequality and deprivation experiencing ingrained malign stigma and besieged victims of crime or violence across their life spans. They are pushed into the murky way of life with a source of eternal disgust, bereft sexual potency and perennial fear. Although they are highly visible but very little is known about them. The common public needs to comprehend the ravaged arrogance on these insensitive souls and assist in integrating them into the mainstream by offering equal opportunity, treat with humanity and respect their dignity. Entrepreneurship in the current age is endorsing the gender fairness movement. Unstable careers and economic inadequacy had inclined one of the gender variant people called Transgender to become entrepreneurs. These tiny budding entrepreneurs resulted in economic transition by means of employment, free from the clutches of stereotype jobs, raised standard of living and handful of financial empowerment. Besides all these inhibitions, they were able to witness a platform for skill set development that ignited them to enter into entrepreneurial domain. This paper epitomizes skill sets involved in trans-entrepreneurs of Thoothukudi Municipal Corporation of Tamil Nadu State and is a groundbreaking determination to sightsee various skills incorporated and the impact on entrepreneurship.
DETERMINANTS AFFECTING THE USER'S INTENTION TO USE MOBILE BANKING APPLICATIONSIAEME Publication
The banking and financial services industries are experiencing increased technology penetration. Among them, the banking industry has made technological advancements to better serve the general populace. The economy focused on transforming the banking sector's system into a cashless, paperless, and faceless one. The researcher wants to evaluate the user's intention for utilising a mobile banking application. The study also examines the variables affecting the user's behaviour intention when selecting specific applications for financial transactions. The researcher employed a well-structured questionnaire and a descriptive study methodology to gather the respondents' primary data utilising the snowball sampling technique. The study includes variables like performance expectations, effort expectations, social impact, enabling circumstances, and perceived risk. Each of the aforementioned variables has a major impact on how users utilise mobile banking applications. The outcome will assist the service provider in comprehending the user's history with mobile banking applications.
ANALYSE THE USER PREDILECTION ON GPAY AND PHONEPE FOR DIGITAL TRANSACTIONSIAEME Publication
Technology upgradation in banking sector took the economy to view that payment mode towards online transactions using mobile applications. This system enabled connectivity between banks, Merchant and user in a convenient mode. there are various applications used for online transactions such as Google pay, Paytm, freecharge, mobikiwi, oxygen, phonepe and so on and it also includes mobile banking applications. The study aimed at evaluating the predilection of the user in adopting digital transaction. The study is descriptive in nature. The researcher used random sample techniques to collect the data. The findings reveal that mobile applications differ with the quality of service rendered by Gpay and Phonepe. The researcher suggest the Phonepe application should focus on implementing the application should be user friendly interface and Gpay on motivating the users to feel the importance of request for money and modes of payments in the application.
VOICE BASED ATM FOR VISUALLY IMPAIRED USING ARDUINOIAEME Publication
The prototype of a voice-based ATM for visually impaired using Arduino is to help people who are blind. This uses RFID cards which contain users fingerprint encrypted on it and interacts with the users through voice commands. ATM operates when sensor detects the presence of one person in the cabin. After scanning the RFID card, it will ask to select the mode like –normal or blind. User can select the respective mode through voice input, if blind mode is selected the balance check or cash withdraw can be done through voice input. Normal mode procedure is same as the existing ATM.
IMPACT OF EMOTIONAL INTELLIGENCE ON HUMAN RESOURCE MANAGEMENT PRACTICES AMONG...IAEME Publication
There is increasing acceptability of emotional intelligence as a major factor in personality assessment and effective human resource management. Emotional intelligence as the ability to build capacity, empathize, co-operate, motivate and develop others cannot be divorced from both effective performance and human resource management systems. The human person is crucial in defining organizational leadership and fortunes in terms of challenges and opportunities and walking across both multinational and bilateral relationships. The growing complexity of the business world requires a great deal of self-confidence, integrity, communication, conflict and diversity management to keep the global enterprise within the paths of productivity and sustainability. Using the exploratory research design and 255 participants the result of this original study indicates strong positive correlation between emotional intelligence and effective human resource management. The paper offers suggestions on further studies between emotional intelligence and human capital development and recommends for conflict management as an integral part of effective human resource management.
VISUALISING AGING PARENTS & THEIR CLOSE CARERS LIFE JOURNEY IN AGING ECONOMYIAEME Publication
Our life journey, in general, is closely defined by the way we understand the meaning of why we coexist and deal with its challenges. As we develop the "inspiration economy", we could say that nearly all of the challenges we have faced are opportunities that help us to discover the rest of our journey. In this note paper, we explore how being faced with the opportunity of being a close carer for an aging parent with dementia brought intangible discoveries that changed our insight of the meaning of the rest of our life journey.
A STUDY ON THE IMPACT OF ORGANIZATIONAL CULTURE ON THE EFFECTIVENESS OF PERFO...IAEME Publication
The main objective of this study is to analyze the impact of aspects of Organizational Culture on the Effectiveness of the Performance Management System (PMS) in the Health Care Organization at Thanjavur. Organizational Culture and PMS play a crucial role in present-day organizations in achieving their objectives. PMS needs employees’ cooperation to achieve its intended objectives. Employees' cooperation depends upon the organization’s culture. The present study uses exploratory research to examine the relationship between the Organization's culture and the Effectiveness of the Performance Management System. The study uses a Structured Questionnaire to collect the primary data. For this study, Thirty-six non-clinical employees were selected from twelve randomly selected Health Care organizations at Thanjavur. Thirty-two fully completed questionnaires were received.
Living in 21st century in itself reminds all of us the necessity of police and its administration. As more and more we are entering into the modern society and culture, the more we require the services of the so called ‘Khaki Worthy’ men i.e., the police personnel. Whether we talk of Indian police or the other nation’s police, they all have the same recognition as they have in India. But as already mentioned, their services and requirements are different after the like 26th November, 2008 incidents, where they without saving their own lives has sacrificed themselves without any hitch and without caring about their respective family members and wards. In other words, they are like our heroes and mentors who can guide us from the darkness of fear, militancy, corruption and other dark sides of life and so on. Now the question arises, if Gandhi would have been alive today, what would have been his reaction/opinion to the police and its functioning? Would he have some thing different in his mind now what he had been in his mind before the partition or would he be going to start some Satyagraha in the form of some improvement in the functioning of the police administration? Really these questions or rather night mares can come to any one’s mind, when there is too much confusion is prevailing in our minds, when there is too much corruption in the society and when the polices working is also in the questioning because of one or the other case throughout the India. It is matter of great concern that we have to thing over our administration and our practical approach because the police personals are also like us, they are part and parcel of our society and among one of us, so why we all are pin pointing towards them.
A STUDY ON TALENT MANAGEMENT AND ITS IMPACT ON EMPLOYEE RETENTION IN SELECTED...IAEME Publication
The goal of this study was to see how talent management affected employee retention in the selected IT organizations in Chennai. The fundamental issue was the difficulty to attract, hire, and retain talented personnel who perform well and the gap between supply and demand of talent acquisition and retaining them within the firms. The study's main goals were to determine the impact of talent management on employee retention in IT companies in Chennai, investigate talent management strategies that IT companies could use to improve talent acquisition, performance management, career planning and formulate retention strategies that the IT firms could use. The respondents were given a structured close-ended questionnaire with the 5 Point Likert Scale as part of the study's quantitative research design. The target population consisted of 289 IT professionals. The questionnaires were distributed and collected by the researcher directly. The Statistical Package for Social Sciences (SPSS) was used to collect and analyse the questionnaire responses. Hypotheses that were formulated for the various areas of the study were tested using a variety of statistical tests. The key findings of the study suggested that talent management had an impact on employee retention. The studies also found that there is a clear link between the implementation of talent management and retention measures. Management should provide enough training and development for employees, clarify job responsibilities, provide adequate remuneration packages, and recognise employees for exceptional performance.
ATTRITION IN THE IT INDUSTRY DURING COVID-19 PANDEMIC: LINKING EMOTIONAL INTE...IAEME Publication
Globally, Millions of dollars were spent by the organizations for employing skilled Information Technology (IT) professionals. It is costly to replace unskilled employees with IT professionals possessing technical skills and competencies that aid in interconnecting the business processes. The organization’s employment tactics were forced to alter by globalization along with technological innovations as they consistently diminish to remain lean, outsource to concentrate on core competencies along with restructuring/reallocate personnel to gather efficiency. As other jobs, organizations or professions have become reasonably more appropriate in a shifting employment landscape, the above alterations trigger both involuntary as well as voluntary turnover. The employee view on jobs is also afflicted by the COVID-19 pandemic along with the employee-driven labour market. So, having effective strategies is necessary to tackle the withdrawal rate of employees. By associating Emotional Intelligence (EI) along with Talent Management (TM) in the IT industry, the rise in attrition rate was analyzed in this study. Only 303 respondents were collected out of 350 participants to whom questionnaires were distributed. From the employees of IT organizations located in Bangalore (India), the data were congregated. A simple random sampling methodology was employed to congregate data as of the respondents. Generating the hypothesis along with testing is eventuated. The effect of EI and TM along with regression analysis between TM and EI was analyzed. The outcomes indicated that employee and Organizational Performance (OP) were elevated by effective EI along with TM.
INFLUENCE OF TALENT MANAGEMENT PRACTICES ON ORGANIZATIONAL PERFORMANCE A STUD...IAEME Publication
By implementing talent management strategy, organizations would have the option to retain their skilled professionals while additionally working on their overall performance. It is the course of appropriately utilizing the ideal individuals, setting them up for future top positions, exploring and dealing with their performance, and holding them back from leaving the organization. It is employee performance that determines the success of every organization. The firm quickly obtains an upper hand over its rivals in the event that its employees having particular skills that cannot be duplicated by the competitors. Thus, firms are centred on creating successful talent management practices and processes to deal with the unique human resources. Firms are additionally endeavouring to keep their top/key staff since on the off chance that they leave; the whole store of information leaves the firm's hands. The study's objective was to determine the impact of talent management on organizational performance among the selected IT organizations in Chennai. The study recommends that talent management limitedly affects performance. On the off chance that this talent is appropriately management and implemented properly, organizations might benefit as much as possible from their maintained assets to support development and productivity, both monetarily and non-monetarily.
A STUDY OF VARIOUS TYPES OF LOANS OF SELECTED PUBLIC AND PRIVATE SECTOR BANKS...IAEME Publication
Banking regulations act of India, 1949 defines banking as “acceptance of deposits for the purpose of lending or investment from the public, repayment on demand or otherwise and withdrawable through cheques, drafts order or otherwise”, the major participants of the Indian financial system are commercial banks, the financial institution encompassing term lending institutions. Investments institutions, specialized financial institution and the state level development banks, non banking financial companies (NBFC) and other market intermediaries such has the stock brokers and money lenders are among the oldest of the certain variants of NBFC and the oldest market participants. The asset quality of banks is one of the most important indicators of their financial health. The Indian banking sector has been facing severe problems of increasing Non- Performing Assets (NPAs). The NPAs growth directly and indirectly affects the quality of assets and profitability of banks. It also shows the efficiency of banks credit risk management and the recovery effectiveness. NPA do not generate any income, whereas, the bank is required to make provisions for such as assets that why is a double edge weapon. This paper outlines the concept of quality of bank loans of different types like Housing, Agriculture and MSME loans in state Haryana of selected public and private sector banks. This study is highlighting problems associated with the role of commercial bank in financing Small and Medium Scale Enterprises (SME). The overall objective of the research was to assess the effect of the financing provisions existing for the setting up and operations of MSMEs in the country and to generate recommendations for more robust financing mechanisms for successful operation of the MSMEs, in turn understanding the impact of MSME loans on financial institutions due to NPA. There are many research conducted on the topic of Non- Performing Assets (NPA) Management, concerning particular bank, comparative study of public and private banks etc. In this paper the researcher is considering the aggregate data of selected public sector and private sector banks and attempts to compare the NPA of Housing, Agriculture and MSME loans in state Haryana of public and private sector banks. The tools used in the study are average and Anova test and variance. The findings reveal that NPA is common problem for both public and private sector banks and is associated with all types of loans either that is housing loans, agriculture loans and loans to SMES. NPAs of both public and private sector banks show the increasing trend. In 2010-11 GNPA of public and private sector were at same level it was 2% but after 2010-11 it increased in many fold and at present there is GNPA in some more than 15%. It shows the dark area of Indian banking sector.
EXPERIMENTAL STUDY OF MECHANICAL AND TRIBOLOGICAL RELATION OF NYLON/BaSO4 POL...IAEME Publication
An experiment conducted in this study found that BaSO4 changed Nylon 6's mechanical properties. By changing the weight ratios, BaSO4 was used to make Nylon 6. This Researcher looked into how hard Nylon-6/BaSO4 composites are and how well they wear. Experiments were done based on Taguchi design L9. Nylon-6/BaSO4 composites can be tested for their hardness number using a Rockwell hardness testing apparatus. On Nylon/BaSO4, the wear behavior was measured by a wear monitor, pinon-disc friction by varying reinforcement, sliding speed, and sliding distance, and the microstructure of the crack surfaces was observed by SEM. This study provides significant contributions to ultimate strength by increasing BaSO4 content up to 16% in the composites, and sliding speed contributes 72.45% to the wear rate
ROLE OF SOCIAL ENTREPRENEURSHIP IN RURAL DEVELOPMENT OF INDIA - PROBLEMS AND ...IAEME Publication
The majority of the population in India lives in villages. The village is the back bone of the country. Village or rural industries play an important role in the national economy, particularly in the rural development. Developing the rural economy is one of the key indicators towards a country’s success. Whether it be the need to look after the welfare of the farmers or invest in rural infrastructure, Governments have to ensure that rural development isn’t compromised. The economic development of our country largely depends on the progress of rural areas and the standard of living of rural masses. Village or rural industries play an important role in the national economy, particularly in the rural development. Rural entrepreneurship is based on stimulating local entrepreneurial talent and the subsequent growth of indigenous enterprises. It recognizes opportunity in the rural areas and accelerates a unique blend of resources either inside or outside of agriculture. Rural entrepreneurship brings an economic value to the rural sector by creating new methods of production, new markets, new products and generate employment opportunities thereby ensuring continuous rural development. Social Entrepreneurship has the direct and primary objective of serving the society along with the earning profits. So, social entrepreneurship is different from the economic entrepreneurship as its basic objective is not to earn profits but for providing innovative solutions to meet the society needs which are not taken care by majority of the entrepreneurs as they are in the business for profit making as a sole objective. So, the Social Entrepreneurs have the huge growth potential particularly in the developing countries like India where we have huge societal disparities in terms of the financial positions of the population. Still 22 percent of the Indian population is below the poverty line and also there is disparity among the rural & urban population in terms of families living under BPL. 25.7 percent of the rural population & 13.7 percent of the urban population is under BPL which clearly shows the disparity of the poor people in the rural and urban areas. The need to develop social entrepreneurship in agriculture is dictated by a large number of social problems. Such problems include low living standards, unemployment, and social tension. The reasons that led to the emergence of the practice of social entrepreneurship are the above factors. The research problem lays upon disclosing the importance of role of social entrepreneurship in rural development of India. The paper the tendencies of social entrepreneurship in India, to present successful examples of such business for providing recommendations how to improve situation in rural areas in terms of social entrepreneurship development. Indian government has made some steps towards development of social enterprises, social entrepreneurship, and social in- novation, but a lot remains to be improved.
OPTIMAL RECONFIGURATION OF POWER DISTRIBUTION RADIAL NETWORK USING HYBRID MET...IAEME Publication
Distribution system is a critical link between the electric power distributor and the consumers. Most of the distribution networks commonly used by the electric utility is the radial distribution network. However in this type of network, it has technical issues such as enormous power losses which affect the quality of the supply. Nowadays, the introduction of Distributed Generation (DG) units in the system help improve and support the voltage profile of the network as well as the performance of the system components through power loss mitigation. In this study network reconfiguration was done using two meta-heuristic algorithms Particle Swarm Optimization and Gravitational Search Algorithm (PSO-GSA) to enhance power quality and voltage profile in the system when simultaneously applied with the DG units. Backward/Forward Sweep Method was used in the load flow analysis and simulated using the MATLAB program. Five cases were considered in the Reconfiguration based on the contribution of DG units. The proposed method was tested using IEEE 33 bus system. Based on the results, there was a voltage profile improvement in the system from 0.9038 p.u. to 0.9594 p.u.. The integration of DG in the network also reduced power losses from 210.98 kW to 69.3963 kW. Simulated results are drawn to show the performance of each case.
APPLICATION OF FRUGAL APPROACH FOR PRODUCTIVITY IMPROVEMENT - A CASE STUDY OF...IAEME Publication
Manufacturing industries have witnessed an outburst in productivity. For productivity improvement manufacturing industries are taking various initiatives by using lean tools and techniques. However, in different manufacturing industries, frugal approach is applied in product design and services as a tool for improvement. Frugal approach contributed to prove less is more and seems indirectly contributing to improve productivity. Hence, there is need to understand status of frugal approach application in manufacturing industries. All manufacturing industries are trying hard and putting continuous efforts for competitive existence. For productivity improvements, manufacturing industries are coming up with different effective and efficient solutions in manufacturing processes and operations. To overcome current challenges, manufacturing industries have started using frugal approach in product design and services. For this study, methodology adopted with both primary and secondary sources of data. For primary source interview and observation technique is used and for secondary source review has done based on available literatures in website, printed magazines, manual etc. An attempt has made for understanding application of frugal approach with the study of manufacturing industry project. Manufacturing industry selected for this project study is Mahindra and Mahindra Ltd. This paper will help researcher to find the connections between the two concepts productivity improvement and frugal approach. This paper will help to understand significance of frugal approach for productivity improvement in manufacturing industry. This will also help to understand current scenario of frugal approach in manufacturing industry. In manufacturing industries various process are involved to deliver the final product. In the process of converting input in to output through manufacturing process productivity plays very critical role. Hence this study will help to evolve status of frugal approach in productivity improvement programme. The notion of frugal can be viewed as an approach towards productivity improvement in manufacturing industries.
A MULTIPLE – CHANNEL QUEUING MODELS ON FUZZY ENVIRONMENTIAEME Publication
In this paper, we investigated a queuing model of fuzzy environment-based a multiple channel queuing model (M/M/C) ( /FCFS) and study its performance under realistic conditions. It applies a nonagonal fuzzy number to analyse the relevant performance of a multiple channel queuing model (M/M/C) ( /FCFS). Based on the sub interval average ranking method for nonagonal fuzzy number, we convert fuzzy number to crisp one. Numerical results reveal that the efficiency of this method. Intuitively, the fuzzy environment adapts well to a multiple channel queuing models (M/M/C) ( /FCFS) are very well.
Advanced control scheme of doubly fed induction generator for wind turbine us...IJECEIAES
This paper describes a speed control device for generating electrical energy on an electricity network based on the doubly fed induction generator (DFIG) used for wind power conversion systems. At first, a double-fed induction generator model was constructed. A control law is formulated to govern the flow of energy between the stator of a DFIG and the energy network using three types of controllers: proportional integral (PI), sliding mode controller (SMC) and second order sliding mode controller (SOSMC). Their different results in terms of power reference tracking, reaction to unexpected speed fluctuations, sensitivity to perturbations, and resilience against machine parameter alterations are compared. MATLAB/Simulink was used to conduct the simulations for the preceding study. Multiple simulations have shown very satisfying results, and the investigations demonstrate the efficacy and power-enhancing capabilities of the suggested control system.
Discover the latest insights on Data Driven Maintenance with our comprehensive webinar presentation. Learn about traditional maintenance challenges, the right approach to utilizing data, and the benefits of adopting a Data Driven Maintenance strategy. Explore real-world examples, industry best practices, and innovative solutions like FMECA and the D3M model. This presentation, led by expert Jules Oudmans, is essential for asset owners looking to optimize their maintenance processes and leverage digital technologies for improved efficiency and performance. Download now to stay ahead in the evolving maintenance landscape.
Redefining brain tumor segmentation: a cutting-edge convolutional neural netw...IJECEIAES
Medical image analysis has witnessed significant advancements with deep learning techniques. In the domain of brain tumor segmentation, the ability to
precisely delineate tumor boundaries from magnetic resonance imaging (MRI)
scans holds profound implications for diagnosis. This study presents an ensemble convolutional neural network (CNN) with transfer learning, integrating
the state-of-the-art Deeplabv3+ architecture with the ResNet18 backbone. The
model is rigorously trained and evaluated, exhibiting remarkable performance
metrics, including an impressive global accuracy of 99.286%, a high-class accuracy of 82.191%, a mean intersection over union (IoU) of 79.900%, a weighted
IoU of 98.620%, and a Boundary F1 (BF) score of 83.303%. Notably, a detailed comparative analysis with existing methods showcases the superiority of
our proposed model. These findings underscore the model’s competence in precise brain tumor localization, underscoring its potential to revolutionize medical
image analysis and enhance healthcare outcomes. This research paves the way
for future exploration and optimization of advanced CNN models in medical
imaging, emphasizing addressing false positives and resource efficiency.
International Conference on NLP, Artificial Intelligence, Machine Learning an...gerogepatton
International Conference on NLP, Artificial Intelligence, Machine Learning and Applications (NLAIM 2024) offers a premier global platform for exchanging insights and findings in the theory, methodology, and applications of NLP, Artificial Intelligence, Machine Learning, and their applications. The conference seeks substantial contributions across all key domains of NLP, Artificial Intelligence, Machine Learning, and their practical applications, aiming to foster both theoretical advancements and real-world implementations. With a focus on facilitating collaboration between researchers and practitioners from academia and industry, the conference serves as a nexus for sharing the latest developments in the field.
CHINA’S GEO-ECONOMIC OUTREACH IN CENTRAL ASIAN COUNTRIES AND FUTURE PROSPECTjpsjournal1
The rivalry between prominent international actors for dominance over Central Asia's hydrocarbon
reserves and the ancient silk trade route, along with China's diplomatic endeavours in the area, has been
referred to as the "New Great Game." This research centres on the power struggle, considering
geopolitical, geostrategic, and geoeconomic variables. Topics including trade, political hegemony, oil
politics, and conventional and nontraditional security are all explored and explained by the researcher.
Using Mackinder's Heartland, Spykman Rimland, and Hegemonic Stability theories, examines China's role
in Central Asia. This study adheres to the empirical epistemological method and has taken care of
objectivity. This study analyze primary and secondary research documents critically to elaborate role of
china’s geo economic outreach in central Asian countries and its future prospect. China is thriving in trade,
pipeline politics, and winning states, according to this study, thanks to important instruments like the
Shanghai Cooperation Organisation and the Belt and Road Economic Initiative. According to this study,
China is seeing significant success in commerce, pipeline politics, and gaining influence on other
governments. This success may be attributed to the effective utilisation of key tools such as the Shanghai
Cooperation Organisation and the Belt and Road Economic Initiative.
Software Engineering and Project Management - Introduction, Modeling Concepts...Prakhyath Rai
Introduction, Modeling Concepts and Class Modeling: What is Object orientation? What is OO development? OO Themes; Evidence for usefulness of OO development; OO modeling history. Modeling
as Design technique: Modeling, abstraction, The Three models. Class Modeling: Object and Class Concept, Link and associations concepts, Generalization and Inheritance, A sample class model, Navigation of class models, and UML diagrams
Building the Analysis Models: Requirement Analysis, Analysis Model Approaches, Data modeling Concepts, Object Oriented Analysis, Scenario-Based Modeling, Flow-Oriented Modeling, class Based Modeling, Creating a Behavioral Model.
Electric vehicle and photovoltaic advanced roles in enhancing the financial p...IJECEIAES
Climate change's impact on the planet forced the United Nations and governments to promote green energies and electric transportation. The deployments of photovoltaic (PV) and electric vehicle (EV) systems gained stronger momentum due to their numerous advantages over fossil fuel types. The advantages go beyond sustainability to reach financial support and stability. The work in this paper introduces the hybrid system between PV and EV to support industrial and commercial plants. This paper covers the theoretical framework of the proposed hybrid system including the required equation to complete the cost analysis when PV and EV are present. In addition, the proposed design diagram which sets the priorities and requirements of the system is presented. The proposed approach allows setup to advance their power stability, especially during power outages. The presented information supports researchers and plant owners to complete the necessary analysis while promoting the deployment of clean energy. The result of a case study that represents a dairy milk farmer supports the theoretical works and highlights its advanced benefits to existing plants. The short return on investment of the proposed approach supports the paper's novelty approach for the sustainable electrical system. In addition, the proposed system allows for an isolated power setup without the need for a transmission line which enhances the safety of the electrical network
Embedded machine learning-based road conditions and driving behavior monitoringIJECEIAES
Car accident rates have increased in recent years, resulting in losses in human lives, properties, and other financial costs. An embedded machine learning-based system is developed to address this critical issue. The system can monitor road conditions, detect driving patterns, and identify aggressive driving behaviors. The system is based on neural networks trained on a comprehensive dataset of driving events, driving styles, and road conditions. The system effectively detects potential risks and helps mitigate the frequency and impact of accidents. The primary goal is to ensure the safety of drivers and vehicles. Collecting data involved gathering information on three key road events: normal street and normal drive, speed bumps, circular yellow speed bumps, and three aggressive driving actions: sudden start, sudden stop, and sudden entry. The gathered data is processed and analyzed using a machine learning system designed for limited power and memory devices. The developed system resulted in 91.9% accuracy, 93.6% precision, and 92% recall. The achieved inference time on an Arduino Nano 33 BLE Sense with a 32-bit CPU running at 64 MHz is 34 ms and requires 2.6 kB peak RAM and 139.9 kB program flash memory, making it suitable for resource-constrained embedded systems.