Assessing Financial Inclusion’s Impact On Women Financial Wellbeing: Insights From India

Abstract

This research paper aims to explore the determinant of financial inclusion and subsequently examine the effect of financial inclusion on women financial wellbeing. The financial inclusion has been measured from customer perspective with 192 samples. The data has been collected through structured questionnaire based on stratified random sampling. Smart partial least square path modelling is performed to describe the latent construct and their hypothetical relationships. Finding of the study harmonises with earlier studies. Financial inclusion dimensions like accessibility, usage, affordability and financial literacy found significant determinant of financial inclusion. It has been also confirmed that financial inclusion contributes to financial wellbeing of women. The outcome of this study will channelize the stakeholders, financial institutions and policy makers in enacting policy that facilitate financial wellbeing of women through financial inclusion.