ISSN : 2663-2187

ANECONOMICANALYSIS OF FINANCIAL INCLUSION AWARENESS OF PALIYAR TRIBES IN KODAIKANAL HILLS IN DINDIGUL DISTRICT, TAMILNADU

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Vaidehi S, Veeramuthumarip
» doi: 10.33472/AFJBS.6.13.2024.1482-1490

Abstract

In India, the focus of the financial inclusion at present is confined to ensuring a bare minimum access to a savings bank account without frills to all. Internationally, the financial exclusion has been viewed in a much wider perspective. Having a current account/saving account on its own, is not regarded as an accurate indicator of financial inclusion.Tribal people constitute a vast majority of financial excluders in the country. Such access is especially powerful for the tribal groups as it provides those opportunities to build savings, make investments, deposit, avail loans, bank overdraft facilities, and awareness on all day-to-day financial dealings. To examine the financial inclusion services provided by the banks and its awareness among the selected sample respondents of the tribal village. It is ironical that despite a large number of well-meaning constitutional provisions aimed at protecting and safeguarding the welfare and interest of the tribal communities, the process of marginalization of the tribal’s has gone on unabated. This study mainly aims to assess the level of awareness on financial inclusion among the Paliyar tribes, who are the residents at Kodaikanal hills of Dindigul District, Tamilnadu. This study paves the way to attain the results of financial inclusion initiatives, benefits, and awareness among the vulnerable.

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