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100			_aBehera, Binod Kumar _950525
245			_aUnderstanding financial inclusion and its socio-economic determinants: Evidence from India
260			_aReview of Development and Change
300			_a29(2), Dec, 2024: p.198-219
520			_aIn recent years, financial inclusion has garnered widespread attention among academics and policymakers across developing countries, including India. This article aims to understand financial inclusion and analyse the factors that determine it using micro-level data from the Financial Inclusion Insight Survey 2018 for India. It applies a probit model to explore the influence of demographic and socio-economic factors on financial inclusion. The empirical findings of this study show that the probability of being financially included increases with education, income, property ownership, government welfare benefits, financial literacy and having a PAN card. Conversely, this study also reveals that females, individuals with lower socio-economic status, illiterate, those with no formal education, unemployed and homemakers are less likely to achieve financial inclusion. Hence, targeted policies and interventions are needed to overcome disparities and ensure improvement in the financial inclusion status for marginalised groups.- Reproduced https://journals.sagepub.com/doi/full/10.1177/09722661241290372
650			_aFinancial inclusion, Development of financial inclusion, Financial services, Probit model, India. _950526
773			_aReview of Development and Change
942			_cAR