Financial Inclusion in Circular Economy: A Bumpy Road Towards Sustainable Development (Circular Economy and Sustainability)

✍ Scribed by Vinay Kandpal, Deep Chandra, Narendra N. Dalei, Jatinder Handoo

• Publisher: Springer
• Tongue: English
• Leaves: 218
• Category: Library

✦ Synopsis

This book presents an assessment of endeavors towards Financial Inclusion and its role in Sustainable development. An attractive feature is that it deals with almost all the contemporary issues essential for reaching UN Sustainable Development Goals. This book would be an exclusive and authentic source to the students of undergraduates, postgraduates and professional courses in Commerce and Management. This manuscript is divided into nine chapters.

The book looks at various salient topics, including financial inclusion measurement, the impact of various financial inclusion indicators on development outcomes and macroeconomic volatility using aggregate data, and the effects of financial inclusion on poverty and development outcomes using microdata. Using the recently adopted Sustainable Development Goals as an overall framing of the issues, it exhibits how poor and disadvantaged women and men can be bankable if the adequate facilitation for maximizing opportunities and addressing constraints. This book attempts to cover different dimensions of Financial Inclusion towards attaining Sustainability and Circular Economy through financing instruments and investments. This book highlights different goals of UN SDG as an Initiative towards Inclusive Growth and Circular Economy, which is also influenced by Micro Finance Institutions and NBFCs.

This book will be an indispensable source for the Students of PG and UG programs, Researchers and practitioners from areas of Commerce, Economics and Management and the faculty members and professionals like bankers and financial consultants. We hope this book will meet the requirement of all the categories of readers.

✦ Table of Contents

Foreword
Preface
Contents
About the Authors
List of Figures
List of Tables
Chapter 1: Sustainable Development Goals – An Initiative towards Inclusive Growth and Circular Economy
1.1 Introduction
1.2 Financial Inclusion and Sustainability: The Long-Term Perspective
1.3 FinTech, Financial Inclusion and Sustainability
1.4 Financial Inclusion, Sustainable Cities, and Sustainable Development Goals
1.5 Financial Inclusion and Economic Growth
1.6 Sustainability Through FinTech and Financial Inclusion: Four Pillars of Digital Financial Transformation
1.7 Sustainability and Circular Economy
1.8 Societal Impact of a Circular Economy
1.9 Developing a Comprehensive Strategy
1.10 Conclusion
References
Chapter 2: Key Drivers and Challenges for Financial Inclusion
2.1 Introduction
2.2 Literature Review
2.2.1 Financial Inclusion and Fintech
2.2.2 SHGs, Women Empowerment and Financial Inclusion
2.2.3 Financial Inclusion and Financial Literacy
2.2.4 Financial Inclusion and Income Inequality
2.2.5 Financial Inclusion, Financial Well Being and Financial Capability
2.2.6 Scams, Fake Transactions, and Cyber Issues
2.3 Research Design
2.4 Data Analysis and Interpretation
2.5 Conclusion and Implications
References
Chapter 3: Socio-economic Impact of Financial Inclusion
3.1 Introduction
3.2 Theoretical Background
3.2.1 Socio-economic Development Theory
3.2.2 Development Theory
3.2.3 Theory of Social Exclusion and Inclusion
3.2.4 Financial Inclusion, Poverty and Income Inequality
3.2.5 Contribution of Financial Inclusion Towards Socio-economic Development
3.3 Sustainable Financial Inclusion Theory
3.4 Importance of SHGs in Socio-economic Development
3.5 Challenges Faced by SHGs
3.6 Conclusion
3.7 Implications
References
Chapter 4: Financial Literacy for Promoting Sustainability
4.1 Introduction
4.2 Importance of Financial Literacy for Financial Inclusion
4.3 Financial Inclusion and Financial Literacy
4.4 Financial Literacy and Investment Behavior
4.5 Financial Literacy and Digitalization
4.6 Conclusion
References
Chapter 5: Financial Capability and Financial Well-Being for a Sustainable Society
5.1 Introduction
5.2 Theory of Financial Well Being
5.3 Financial Education and Financial Capability
5.4 Financial Capability and Well-Being
5.5 Financial Capability, Financial Well Being and FinTech
5.6 Conclusion
References
Chapter 6: Expanding Financial Inclusion Through Fintech and E-governance
6.1 Introduction
6.2 Financial Inclusion and Fintech
6.3 Artificial Intelligence, Blockchain, and Financial Inclusion
6.4 Scams, Fake Transactions, and Cyber Issues
6.5 Financial Inclusion and E-governance
6.6 Perceptions, Usage and Usefulness of Cashless Transactions
6.7 Technology
6.8 Demonetization
6.9 Discussion
6.10 India’s Journey Towards a Cashless Economy
6.11 Factors Impacting India to Become a Cashless Economy
6.12 Conclusion
References
Chapter 7: Financial Inclusion for Empowering Women – Way Ahead
7.1 Introduction
7.2 Literature Review
7.2.1 SHGs, Women Empowerment and Financial Inclusion
7.2.2 Gender Dimension, Economic Development, and Financial Inclusion
7.3 Women’s Empowerment
7.3.1 Indian Scenario
7.3.2 Factors Behind the Need for Empowerment
7.3.3 Important Aspects of Empowerment
7.3.4 Ways to Empower Women
7.3.5 Government Schemes and Programmes for Women’s Empowerment
7.3.6 Initiatives by Non-Government Organisations (NGOs)
7.4 CSR Activities in India
7.5 Present Scenario and Future Challenges for Women’s Empowerment Through SHGs
7.6 Suggestions for Women’s Empowerment Through SHGs
7.7 Policy Implications
7.8 Theoretical Contribution
7.9 Conclusion
References
Chapter 8: MFIs and NBFCs Contributions Towards Financial Inclusion and Circular Economy
8.1 Introduction
8.2 Women and Microfinance
8.3 Microfinance in India
8.4 Public Good Theory of Financial Inclusion
8.5 Dissatisfaction Theory of Financial Inclusion
8.6 Vulnerable Group Theory of Financial Inclusion
8.7 Systems Theory of Financial Inclusion
8.8 Community Echelon Theory of Financial Inclusion
8.9 Public Service Theory of Financial Inclusion
8.10 Theories of SHGs
8.11 SHG Model in Bangladesh
8.12 Financial Inclusion Through SHGs
8.13 Self-Help Group
8.13.1 Composition of the Self-Help Group
8.13.2 Subsidy Norms for SHGs and Disabled Persons
8.14 SHG Bank Linkage Program
8.14.1 Working of the Program
8.14.2 Aims and Objectives
8.14.3 The Background
8.15 SHGs in India
8.16 History of SHG Credit Bank Linkage Program
8.17 Finclusion Through Self-Employed Women Association
8.18 NABARD’s SHG Bank Linkage Program
8.19 Models of SHG-Bank Linkage in India
8.20 SHG and Women Empowerment
8.21 Initiatives for Sustainable Development Through SHGs
8.22 Micro Finance for Financial Inclusion of SHGs
8.23 Financial Inclusion Theory: Importance of Access to Finance
8.23.1 Intensifying Access to Financial Services
8.23.2 The Inclusivity of Access to Financial Services
8.24 Conclusion
8.25 Policy Implications
References
Chapter 9: Financial Sector Governance Policies and Regulations
9.1 Introduction
9.2 Meaning of Access to Financial Services and the Early Initiatives
9.3 Expanding Access to Financial Services
9.3.1 Measure
9.3.2 Impact
9.3.3 Policy
9.4 The Inclusivity of Access to Financial Services
9.5 Role of Regulators in Indian Scenario
9.5.1 The Past
9.5.2 Present Scenario
9.5.3 The Future
9.6 Financial Inclusion Initiatives Taken by Government
9.6.1 Effect of Pradhan Mantri Jan Dhan Yojana
9.6.2 Some of the Realities That Could Burden the Success of the Scheme
9.7 Conclusion
References