Saravanan, S and Poorna, K (2019) Financial Inclusion Policies and Scheduled Tribes in the Nilgiris District, Tamil Nadu. THINK INDIA JOURNAL, 22 (14). pp. 11194-11205. ISSN 0971-1260

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Abstract

The state policies in opening bank branches in tribal areas and lending to priority sectors are most welcome. The facilities to be offered in these tribal areas include opening Basic Savings Bank Deposit Account (BSBDA), no frills balance accounts with easy know your customer requirements and so on. The Self Help Group Bank Linkage programme is yet another policy to increase the income of poor households by enabling financial services through formal institutions. An analysis of macro level data revealed that a high level of financial inclusion has been achieved in states like Chhattisgarh, Jharkhand, Rajasthan,
Madhya Pradesh, Andhra Pradesh, Maharashtra, Odisha, Gujarat, TamilNadu and Karnataka. At the same time, it was low in the states of Bihar, Harayana, Assam, Kerala, Punjab, West Bengal, and Uttar Pradesh. In the selected villages of Nilgiris the government schemes like MGNREG Programme, Micro credit facility, PMJDY, old age pension, SHG –bank linkage
and Kisan Credit cards found influenced the economic status of tribals to a large extent. Majority of the selected tribal households have bank accounts and the remuneration under schemes is paid through the individual bank account of the beneficiaries of the respective schemes. A progressive adoption of state as well as Banking programmes will go a long way in the successful inclusion of tribal people.

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Date Deposited: 04 Dec 2021 07:01
Last Modified: 04 Dec 2021 07:01
URI: http://ir.psgcas.ac.in/id/eprint/99

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