International Journal of Applied Research
Vol. 2, Issue 12, Part G (2016)
Financial inclusion among farmers through electronic banking
Financial inclusion is the provision of affordable financial services to those who tend to be excluded. There is no single accepted definition for farmer’s financial inclusion. But one can agree that farmer‘s financial inclusion occurs when farmers have effective access to a range of financial products and services that cater to their multiple agricultural and production needs. In the modern era, electronic banking can enhance the financial inclusion rapidly. The present paper attempts to examine the extent of financial inclusion among farmers through electronic banking services in Thanniam Panchayat of Thrissur district. The study is entirely based on primary data collected through semi-structured interview schedule. Percentages and descriptive analysis used for data analysis. The study found that the extent of financial inclusion among farmers with respect to electronic banking services is very low. Lack of knowledge about technology, lack of interest and fear of using electronic banking services hinders the respondent farmers from using electronic banking services. The awareness and usage of electronic banking services among farmers can be considerably increased through Financial Literacy Programmes from the part of banks.
How to cite this article:
Sreelakshmi CC. Financial inclusion among farmers through electronic banking. Int J Appl Res 2016;2(12):459-463.