Assessing The Impact of Demographic Factors on Indicator of Inclusive Finance
Evident from Cross Analysis of South Asian Countries
DOI:
https://doi.org/10.58341/srj.v3i2.82Abstract
The objective of this paper is to assess the impact of gender, age, income & education on inclusive finance in South Asian Countries. We utilize the World Bank's Global Findex database 2014 on 7 South Asian Countries to perform probit estimations. In South Asian Countries, we discover that being a man, deep-pocketed, more educated and elder in age Adored Inclusive finance. Lack of finance, distant location & lack of documents are common hindrance to inclusive finance. We discover that the indicators of informal funding differ from those of formal funding. We also found that Afghanistan has reported with lowest %ages regarding formal bank account utilizes Rs, formal savings and obtaining formal bank credits/borrowing s in the financial institutions. Whereas Sri Lanka shows higher level of accounts, savings & credits in financial institution. Therefore, our work includes insights into the design of strategies to promote inclusive finance in South Asian countries to boast social and economic well beings in the region.
Keywords:
Inclusive finance, Financial Education, SAARC Countries, Operating activities, Financing Activities, Investing Activities
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