Purpose

The study attempts to explore the determinants of financial inclusion. Subsequently, it examines the effect of financial inclusion on financial well-being of marginalized street vendors in India.

Design/methodology/approach

The demand-side analysis of measuring financial inclusion with a sample of 371 marginalized street vendors is adopted. Both exploratory and descriptive research designs are employed in this study. The primary data collection is done by administering the structured interview schedule by using a convenience sampling technique. Confirmatory factor analysis (CFA) and structural equation modeling (SEM) are performed to describe the latent constructs and their hypothetical relationships with adequate empirical evidence.

Findings

Out of five dimensions of financial inclusion considered for the study, accessibility, availability, usage and affordability are found to be significant determinants of financial inclusion; however, the financial literacy dimension is found statistically insignificant. Further, the study results confirm that financial inclusion contributes substantially to the well-being of marginalized street vendors.

Research limitations/implications

The outcome of the study will facilitate all the stakeholders including policymakers and financial institutions to enact policy guidelines to ensure financial well-being of the marginalized street vendors through financial inclusion initiatives.

Originality/value

Financial well-being through financial inclusion is possible even without the effect of financial literacy from the unorganized sector perspective specifically marglianized street vendors. Thus, it adds new dimension to the existing literature on demand side analysis of measuring financial inclusion.

中文翻译：

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检验普惠金融对边缘化街头小贩财务福祉的影响：来自印度的实证证据

目的

该研究试图探索金融包容性的决定因素。随后，它研究了普惠金融对印度边缘化街头小贩财务状况的影响。

设计/方法/方法

采用了以 371 名边缘化街头小贩为样本衡量普惠金融的需求侧分析。本研究采用探索性和描述性研究设计。主要数据收集是通过使用便利抽样技术管理结构化访谈时间表来完成的。执行验证性因素分析 (CFA) 和结构方程模型 (SEM) 以描述潜在构造及其具有足够经验证据的假设关系。

发现

在研究中考虑的金融包容性的五个维度中，可及性、可用性、使用和负担能力被认为是金融包容性的重要决定因素；然而，金融知识维度在统计上并不显着。此外，研究结果证实，普惠金融对边缘化街头小贩的福祉有重大贡献。

研究限制/影响

研究结果将促进包括政策制定者和金融机构在内的所有利益相关者制定政策指导方针，通过普惠金融举措确保边缘化街头小贩的财务状况。

原创性/价值

从无组织部门的角度来看，即使没有金融知识的影响，特别是马格利安化的街头小贩，通过金融包容性实现金融福祉也是可能的。因此，它为现有关于衡量金融包容性的需求侧分析的文献增加了新的维度。