NABARD - Student Internship Scheme 2016-2017 - page 67

Summary No-26
Profile of the Student:
Name: Anjana K.V
Degree Programme: M.Sc.(Quantitative Finance)
University/ Institute: Puducherry University
Profile of the Mentor:
Name: K.Arthanareeswaran
Designation: DGM
Department: SPD / RIDF / NIDA / FPF / RIPF
Name of Regional Office: Tamil Nadu (Chennai)
Objectives of the study:
To study the progress of Financial Inclusion(FI) in UT of Puducherry
To study the extent of awareness on FI among households
To identify the issues and constraints of FI
Sample State/ Distt/ Blocks/ Villages: UT of Puducherry/Districts: Puducherry and Karaikkal/
Villages : Bahour, Puducherry and Koonichempet in Puducherry and Kalaraipet, Keezhhakasakudy,
Thalatheru and Varichikudi in Karaikal dt.
Sample size : 170
ResearchMethodology: Purposive Sampling Technique was used. Primary data{Field Survey (Schedules)
& Direct Interview} b. Secondary data {Reports, SLBC proceedings & Annual Credit Plan (ACP), Official
statistics,Journals & government publications.}. Period of Analysis from FY 2005-06 to FY 2014-15.
Survey conducted during the period May to June 2016. SPSS & Excel. Discriminant Analysis, Chi-
square Tests pie- chart, bar diagrams are used as statistical tools.
Major Findings:
i. The majority of the respondents (54%) belong to the working age group of 25 – 44 years and most
of the respondents belong to the Scheduled Caste category (49%). Agriculture and related activities
is the major occupation of the respondents (45%). It is noted that majority of the respondents (64%)
belong to Below Poverty Line with an annual income less than Rs.25000/-
ii. The study found that 100 % respondents possess bank account and a majority of them (92 %) have
Basic Saving Bank Deposit Account (BSBDA). Thus it is clear that the Financial Inclusion initiatives
of the UT of Puducherry succeeded in attaining deposit penetration.
iii. For 92 % respondents, banking accessibility is easier as it is within 5kms. It is also noteworthy to say
that 62 % households have more than two accounts which comply with the PMJDY requirement of
possession of at least two accounts per household.
iv. Commercial Banks and Regional Rural Bank (Puduvai Bharathiar Grama Bank) play an important
financial role in the UTP as majority of the respondents have their bank accounts in these two banks
(99 %). Despite having lesser bank branches than Commercial Banks, the RRB plays an important
role in the UTP under FI.
v. 37 % of the respondents choose banks for their credit requirements. 48 % of the respondents who
have availed loan have utilised for agriculture purpose and the beneficiaries have responded that
they were able to repay the loan taken from the banks.
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