Financial Inclusion and Farmers: Association between Status and Demographic Variables
Ashwani Kumar1, Hariom Gupta2
1Ashwani Kumar, Research Scholar (Junior Research Fellow), Department of Commerce and Businesses Administration, University of Allahabad, Prayagraj, India.
2Dr. Hariom Gupta, Assistant Professor, Department of Commerce and Businesses Administration, University of Allahabad, Prayagraj, India.

Manuscript received on November 12, 2019. | Revised Manuscript received on November 25, 2019. | Manuscript published on 30 November, 2019. | PP: 5868-5879 | Volume-8 Issue-4, November 2019. | Retrieval Number: D8515118419/2019©BEIESP | DOI: 10.35940/ijrte.D8515.118419

Open Access | Ethics and Policies | Cite  | Mendeley | Indexing and Abstracting
© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (

Abstract: Financial inclusion is an excellent tool for empowerment of farmers. The current study examines the level of financial inclusion and study the association between various demographical variables and financial inclusion among the farmers. A survey of 360 farmers across Prayagraj district was conducted, this survey found that 71.4% of farmers had his bank accounts while 23.6% of farmers were actively using their bank accounts in past 3 months and only 10.6 % of farmers were taken loan from banks or other formal financial institutions. The survey shows that farmers were financially inclusion: as 72.8% have poor financial inclusion, 19.2% have fair financial inclusion, and only 8.1% have sound financial inclusion. The farmers had not sufficient financial literacy. Further analysis shows that gender is not associated with degree of financial inclusion while other demographic variables i.e. education qualification, family income, age group and size of landholding is closely associated with degree of financial inclusion.
Keywords: Banking Services, Farmers, Financial Inclusion, Financial Institution, Saving Accounts.
Scope of the Article: Industrial, Financial and Scientific Applications of All Kind.