Effectiveness Of Financial Literacy Centers On Financial Inclusion- A Study

Abstract

The present study has focused on the effectiveness of financial literacy centers on the financial inclusion. The study has considered the Medak district of Telangana state as a sample area and collected the primary data through the questionnaire from the respondents, who have opted the central government financial inclusion schemes. The study examined the effectiveness of the FLCs on the financial inclusion with the statistical method of discriminant analysis and found that financial literacy centers effectiveness observed with the factors of Insurance can initiate next revolution of growth. The study observed that direct cash transfer also found to be less effective. The study examined the suggestive measures to improve the financial inclusive with the exploratory factor analysis and the observed that deepening of micro-finance, scalability of banking services and usage of technology will strengthen the financial inclusion.