Financial Inclusion Status of Hakkipikki Tribal Women in Mysuru District, Karnataka

Abstract

The Purpose of this research study is to understand the level of Financial Inclusion Index of Hakkipikki Tribal Women residing in Mysuru district of Karnataka state. The term financial inclusion refers accessibility to, the availability of, and the usage of financial services to all individuals of the population irrespective of their economic level. The level of Financial Inclusion is vary from one demographic population to other demographic population. The research objective of the study was to examine the current level of financial inclusion index of Hakkipikki tribal women residing in Mysuru district of Karnataka. In this research study financial inclusion is quantified by creating Financial Inclusion Index for ten Dichotomous financial services variables. The levels of financial inclusion index classified as 03 different levels based on a scoring from zero to ten. Low level of financial inclusion index contains scores from 00 to 03, medium level of financial inclusion index comprises scores from 04 to 06, and high level of financial inclusion index incorporates scores from 07 to 10. The Chi-square non-parametric test was performed to assess the statistical significant relationship between the levels of financial inclusion index and respondents demographic and socio-economic variables such as age, the level of education, marital status, present occupation, and the monthly income. The present occupation and the monthly income categorical variables were statistically significant at 5% level. 80 percent of the respondents fall under the levels of low & medium financial inclusion index and remaining 20 percent of the participants fall under the high level of financial inclusion index. To improve the level of Financial Inclusion Index within Hakkipikki tribal community of women. The present study recommends that the concerned policymakers for financial services and development authorities of tribal communities should take necessary initiatives which are in a position to reduce the poverty and societal imbalances of tribal women.