Issues Pertaining to Financial Inclusion -An Analysis Using SWOT Approach

Abstract

Abstract -This research paper focuses on survey, analysis of people who belong to vulnerable groups and issues related to implementing of Financial Inclusion (FI) in two regions of Tamil Nadu state. Hypothesis was formulated H0, which are based on income level of vulnerable group members and their saving constraints. Based on 100 samples being collected from each region and analyzed using SPSS [SPSS 2011]. Different age groups varying among 25 to 65 the issues of utilizing FI and factors behind implementing FI were analyzed using SWOT. The strength and opportunities, which are on identified being positive provides support while the weakness and threats are indicative to be negative in providing support to implementation aspects of FI. SWOT analysis provides suggestions on handling the weakness and threats, which identifies the demand and issues lying behind FI implementation. The results clearly indicate that the two hypotheses being accepted based on crucial financial input parameters. Suggestions were provided to improve the current scenario with inputs for future analysis