Breaking Barriers: A Decade of Transforming Financial Inclusion in India | Indian Council of Social Science Research - ICSSR
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Breaking Barriers: A Decade of Transforming Financial Inclusion in India | Indian Council of Social Science Research - ICSSR
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Breaking Barriers: A Decade of Transforming Financial Inclusion in India
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Breaking Barriers: A Decade of Transforming Financial Inclusion in India
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Author : Supreet Kaur
Co-publisher: Academic Foundation Press
Publication Year : 2026
Price :
795
About the Book
This book presents a comprehensive and empirical examination of the impact of financial inclusion on marginalized communities, with a particular focus on industrial workers. Incorporating a two-phased study conducted over an extended period, it rigorously assesses how government initiatives such as PMJDY, APY, and DBT, alongside the transformative role of UPI, have significantly advanced the integration of these workers into the formal financial system over the past decade. The research highlights notable progress as well as persistent challenges. Offering evidence-based policy recommendations, this work provides valuable frameworks to enhance financial accessibility, promote sustainable economic empowerment, and foster inclusive growth.
About the Author
Supreet Kaur,
Assistant Professor in the Department of Commerce at the University of Delhi, is a distinguished academician with specialized expertise in financial inclusion, taxation, and consumer behavior. A recipient of the prestigious FRP (IoE) and other research grants, she has disseminated her scholarly work at numerous esteemed national and international conferences. Her research has garnered widespread recognition, earning several accolades- including Best Paper Awards from IIM Bodh Gaya, EURAM, University of Delhi, and the esteemed Prof. P.N. Singh Award- underscoring her impactful contributions to the field of commerce.
Contents
List of Tables and Figures
Acknowledgement
Introduction
1.1.
Introduction
1.2.
Extent of the Financial Exclusion
1.3.
Evolution and Conceptual Analysis of Financial Inclusion
1.4.
Objectives of Financial Inclusion
1.5.
Review of the Initiatives
1.6.
Role of Other Financial Institutions
1.7.
Global Financial Inclusion Scenario
1.8.
Current Financial Inclusion Status
1.9.
Challenges
Literature Review
2.1.
Literature Review
2.2.
Research Gaps
2.3.
Proposed Model
Research Methodology
3.1.
Introduction
3.2.
Steps in the Research Methodology
An Overview of the Selected Schemes of DBT, PMJDY, and APY
4.1.
Introduction
4.2.
Direct Benefit Transfer Scheme (2013)
4.3.
Pradhan Mantri Jan Dhan Yojana (2014)
4.4.
Atal Pension Yojana (2015)
4.5.
Conclusion
Impact of Financial Inclusion on Industry Workers
5.1.
Introduction
5.2.
Profile of the Respondents
5.3.
Financial Inclusion of Industrial Workers Through Socio-Economic Empowerment
5.4.
Conclusion
Problems Faced by Industrial Workers and Bank Employees with Respect to Selected Schemes
6.1.
Problems Faced by Industrial Workers
6.2.
Problems Faced by Bank Employees
6.3.
Conclusion
Post-pandemic Insights from an Interpretative Phenomenological Analysis Lens
7.1.
Introduction
7.2.
Research Methodology
7.3.
Data Analysis
7.4.
Findings
7.5.
Conclusion
Introduction
8.1.
The Journey So Far
8.2.
Research Methodology
8.3.
Data Analysis and Interpretation
8.4.
Conclusion
8.5.
Suggestions
8.6.
Road Ahead
List of Tables and Figures
Tables
1.1.
Evolution of India's Financial Inclusion
1.2.
Definition of Financial Inclusion
1.3.
Region-wise Scores for Various Financial Inclusion Dimensions
1.4.
Summary of Financial Inclusion Progress (2010-2023)
4.1.
Consolidated Report of DBT Transfer (2024-25)
4.2.
Details of Direct Benefit Transfer (FY 2024-25)
4.3.
Summary of Year Wise Fund Transfer (in crore)
4.4.
DBT Savings Math (Up to March, 2024)
4.5.
Number of Beneficiaries and Accounts under PMJDY as of August 06, 2025
4.6.
Contribution Chart under the APY
5.1.
Distribution of the Total Indian Workforce Across Organized and Unorganized Sectors
5.2.
Profile of Industrial Workers
5.3.
Cross Tabulation of the Schemes Availed and Industry Type
5.4.
KMO and Bartlett's Test: Economic Empowerment
5.5.
Output from Exploratory Factor Analysis using RCM (Economic Empowerment)
5.6.
KMO and Bartlett's Test: Social Empowerment
5.7.
Output from Exploratory Factor Analysis Using RCM (Social Empowerment)
5.8.
Reliability and Convergent Validity (Economic Empowerment)
5.9.
Reliability and Convergent Validity (Social Empowerment)
5.10.
Discriminant Validity
5.11.
Model Fit Output
5.12.
Discriminant Validity
5.13.
Model Fit Output
5.14.
Output of Regression Path Coefficients
5.15.
Output from One-Way Analysis of Variance for Economic Empowerment
5.16.
Output from one-way ANOVA for social empowerment
6.1.
KMO and Bartlett's Test (PMJDY) Results
6.2.
Output of Exploratory Factor Analysis Using RCM (PMJDY)
6.3.
Descriptive Statistics (Pradhan Mantri Jan Dhan Yojana)
6.4.
KMO and DBT
6.5.
Output of Exploratory Factor Analysis Using RCM (DBT)
6.6.
Descriptive Statistics (Direct Benefit Transfer Scheme)
6.7.
KMO and Bartlett's Test (APY) Results
6.8.
Output of Exploratory Factor Analysis Using the RCM (APY)
6.9.
Descriptive Statistics (Atal Pension Yojana)
6.10.
Bank Employees' Profile
6.11.
Cross-tabulation of Bank Type and Financial Inclusion Schemes
6.12.
Cross-tabulation of Bank and DBT Scheme Types
6.13.
KMO and Bartlett's Test: PMJDY
6.14.
Output of Exploratory Factor Analysis Using the RCM (PMJDY)
6.15.
Descriptive Statistics (PM Jan Dhan Yojana)
6.16.
KMO and Bartlett's Test: DBT
6.17.
Output of Exploratory Factor Analysis Using RCM (DBT)
6.18.
Descriptive Statistics (Direct Benefit Transfer Scheme)
6.19.
KMO and Bartlett's Test: APY
6.20.
Output of Exploratory Factor Analysis Using the RCM (APY)
6.21.
Descriptive Statistics (Atal Pension Yojana)
6.22.
Cross Tabulation of Bank Type, Management Pressure, and Sex
6.23.
Association between Type of Bank and Management Pressure
6.24.
Symmetric Measures
6.25.
Risk Estimation
6.26.
Association between Bank Employee Sex and Management Pressure
6.27.
Association between Bank Employee Designation and Management Pressure
6.28.
Descriptive Statistics for the Study
7.1.
Key Themes and Sub-Themes
Figures
2.1.
Proposed Model for Selected Schemes and SE Empowerment Predictors of Financial Inclusion
4.1.
DBT Transfer over the Years
4.2.
Six Pillars of the Jan Dhan Yojna
4.3.
Eligibility and Procedures of the Atal Pension Yojana
5.1.
Theoretical Framework
5.2.
Scree Plot Representation of Factors Underpinning Economic Empowerment
5.3.
Scree Plot Representation of Factors Underpinning Social Empowerment
5.4.
First-order CFA Model (Economic Empowerment)
5.5.
Measurement Model for Economic Empowerment
5.6.
First-Order CFA Model (Social Empowerment)
5.7.
Model for Measuring Social Empowerment
6.1.
Scree Plot Representation of Factors Obtained under PMJDY
6.2.
Scree Plot Representation of Factors Using DBT
6.3.
Scree Plot Representation of Factors Using APY
6.4.
Scree Plot Representation of Factors Obtained under PMJDY
6.5.
Scree Plot Representation of Factors Obtained under DBT
6.6.
Scree Plot Representation of Factors Obtained under APY
7.1.
Thematic Maps
8.1.
Financial Inclusion and the SDGs
Skip to main content
Breaking Barriers: A Decade of Transforming Financial Inclusion in India
Home
Breaking Barriers: A Decade of Transforming Financial Inclusion in India
Buy books online
Author : Supreet Kaur
Co-publisher: Academic Foundation Press
Publication Year : 2026
Price :
795
About the Book
This book presents a comprehensive and empirical examination of the impact of financial inclusion on marginalized communities, with a particular focus on industrial workers. Incorporating a two-phased study conducted over an extended period, it rigorously assesses how government initiatives such as PMJDY, APY, and DBT, alongside the transformative role of UPI, have significantly advanced the integration of these workers into the formal financial system over the past decade. The research highlights notable progress as well as persistent challenges. Offering evidence-based policy recommendations, this work provides valuable frameworks to enhance financial accessibility, promote sustainable economic empowerment, and foster inclusive growth.
About the Author
Supreet Kaur,
Assistant Professor in the Department of Commerce at the University of Delhi, is a distinguished academician with specialized expertise in financial inclusion, taxation, and consumer behavior. A recipient of the prestigious FRP (IoE) and other research grants, she has disseminated her scholarly work at numerous esteemed national and international conferences. Her research has garnered widespread recognition, earning several accolades- including Best Paper Awards from IIM Bodh Gaya, EURAM, University of Delhi, and the esteemed Prof. P.N. Singh Award- underscoring her impactful contributions to the field of commerce.
Contents
List of Tables and Figures
Acknowledgement
Introduction
1.1.
Introduction
1.2.
Extent of the Financial Exclusion
1.3.
Evolution and Conceptual Analysis of Financial Inclusion
1.4.
Objectives of Financial Inclusion
1.5.
Review of the Initiatives
1.6.
Role of Other Financial Institutions
1.7.
Global Financial Inclusion Scenario
1.8.
Current Financial Inclusion Status
1.9.
Challenges
Literature Review
2.1.
Literature Review
2.2.
Research Gaps
2.3.
Proposed Model
Research Methodology
3.1.
Introduction
3.2.
Steps in the Research Methodology
An Overview of the Selected Schemes of DBT, PMJDY, and APY
4.1.
Introduction
4.2.
Direct Benefit Transfer Scheme (2013)
4.3.
Pradhan Mantri Jan Dhan Yojana (2014)
4.4.
Atal Pension Yojana (2015)
4.5.
Conclusion
Impact of Financial Inclusion on Industry Workers
5.1.
Introduction
5.2.
Profile of the Respondents
5.3.
Financial Inclusion of Industrial Workers Through Socio-Economic Empowerment
5.4.
Conclusion
Problems Faced by Industrial Workers and Bank Employees with Respect to Selected Schemes
6.1.
Problems Faced by Industrial Workers
6.2.
Problems Faced by Bank Employees
6.3.
Conclusion
Post-pandemic Insights from an Interpretative Phenomenological Analysis Lens
7.1.
Introduction
7.2.
Research Methodology
7.3.
Data Analysis
7.4.
Findings
7.5.
Conclusion
Introduction
8.1.
The Journey So Far
8.2.
Research Methodology
8.3.
Data Analysis and Interpretation
8.4.
Conclusion
8.5.
Suggestions
8.6.
Road Ahead
List of Tables and Figures
Tables
1.1.
Evolution of India's Financial Inclusion
1.2.
Definition of Financial Inclusion
1.3.
Region-wise Scores for Various Financial Inclusion Dimensions
1.4.
Summary of Financial Inclusion Progress (2010-2023)
4.1.
Consolidated Report of DBT Transfer (2024-25)
4.2.
Details of Direct Benefit Transfer (FY 2024-25)
4.3.
Summary of Year Wise Fund Transfer (in crore)
4.4.
DBT Savings Math (Up to March, 2024)
4.5.
Number of Beneficiaries and Accounts under PMJDY as of August 06, 2025
4.6.
Contribution Chart under the APY
5.1.
Distribution of the Total Indian Workforce Across Organized and Unorganized Sectors
5.2.
Profile of Industrial Workers
5.3.
Cross Tabulation of the Schemes Availed and Industry Type
5.4.
KMO and Bartlett's Test: Economic Empowerment
5.5.
Output from Exploratory Factor Analysis using RCM (Economic Empowerment)
5.6.
KMO and Bartlett's Test: Social Empowerment
5.7.
Output from Exploratory Factor Analysis Using RCM (Social Empowerment)
5.8.
Reliability and Convergent Validity (Economic Empowerment)
5.9.
Reliability and Convergent Validity (Social Empowerment)
5.10.
Discriminant Validity
5.11.
Model Fit Output
5.12.
Discriminant Validity
5.13.
Model Fit Output
5.14.
Output of Regression Path Coefficients
5.15.
Output from One-Way Analysis of Variance for Economic Empowerment
5.16.
Output from one-way ANOVA for social empowerment
6.1.
KMO and Bartlett's Test (PMJDY) Results
6.2.
Output of Exploratory Factor Analysis Using RCM (PMJDY)
6.3.
Descriptive Statistics (Pradhan Mantri Jan Dhan Yojana)
6.4.
KMO and DBT
6.5.
Output of Exploratory Factor Analysis Using RCM (DBT)
6.6.
Descriptive Statistics (Direct Benefit Transfer Scheme)
6.7.
KMO and Bartlett's Test (APY) Results
6.8.
Output of Exploratory Factor Analysis Using the RCM (APY)
6.9.
Descriptive Statistics (Atal Pension Yojana)
6.10.
Bank Employees' Profile
6.11.
Cross-tabulation of Bank Type and Financial Inclusion Schemes
6.12.
Cross-tabulation of Bank and DBT Scheme Types
6.13.
KMO and Bartlett's Test: PMJDY
6.14.
Output of Exploratory Factor Analysis Using the RCM (PMJDY)
6.15.
Descriptive Statistics (PM Jan Dhan Yojana)
6.16.
KMO and Bartlett's Test: DBT
6.17.
Output of Exploratory Factor Analysis Using RCM (DBT)
6.18.
Descriptive Statistics (Direct Benefit Transfer Scheme)
6.19.
KMO and Bartlett's Test: APY
6.20.
Output of Exploratory Factor Analysis Using the RCM (APY)
6.21.
Descriptive Statistics (Atal Pension Yojana)
6.22.
Cross Tabulation of Bank Type, Management Pressure, and Sex
6.23.
Association between Type of Bank and Management Pressure
6.24.
Symmetric Measures
6.25.
Risk Estimation
6.26.
Association between Bank Employee Sex and Management Pressure
6.27.
Association between Bank Employee Designation and Management Pressure
6.28.
Descriptive Statistics for the Study
7.1.
Key Themes and Sub-Themes
Figures
2.1.
Proposed Model for Selected Schemes and SE Empowerment Predictors of Financial Inclusion
4.1.
DBT Transfer over the Years
4.2.
Six Pillars of the Jan Dhan Yojna
4.3.
Eligibility and Procedures of the Atal Pension Yojana
5.1.
Theoretical Framework
5.2.
Scree Plot Representation of Factors Underpinning Economic Empowerment
5.3.
Scree Plot Representation of Factors Underpinning Social Empowerment
5.4.
First-order CFA Model (Economic Empowerment)
5.5.
Measurement Model for Economic Empowerment
5.6.
First-Order CFA Model (Social Empowerment)
5.7.
Model for Measuring Social Empowerment
6.1.
Scree Plot Representation of Factors Obtained under PMJDY
6.2.
Scree Plot Representation of Factors Using DBT
6.3.
Scree Plot Representation of Factors Using APY
6.4.
Scree Plot Representation of Factors Obtained under PMJDY
6.5.
Scree Plot Representation of Factors Obtained under DBT
6.6.
Scree Plot Representation of Factors Obtained under APY
7.1.
Thematic Maps
8.1.
Financial Inclusion and the SDGs