Archive Details

Year 2025
Volume/Issue/Review Month Volume-XVIII | Issue-II | Jul.-Dec.
Title India’s Journey of Financial Inclusion: Evidence from Assam Gramin Vikash Bank
Authors Sagartirtha Chakraborty, Debolina Bordoloi, Dr. Suresh Kumar Nath
Broad area Finance
Abstract This research explores the journey of India’s regional rural banks in promoting financial inclusion, which in turn promotes regional economic growth, with special reference to Assam Gramin Vikash Bank (AGVB), the largest rural bank in the north-eastern region of India. Using secondary data from 2006-07 to 2023-24, the study analyses the trends in AGVB’s branch outreach, credit-deposit ratio, microfinance penetration, and participation in various financial inclusion schemes. By employing multivariate regression analysis, it also evaluates the influence of different financial inclusion indicators on the economic growth of Assam. Findings reveal a significant positive impact of AGVB’s branch network, credit-deposit ratio, and microfinance penetration on the state’s economic growth. It finally highlights how persisting challenges like lack of digital inclusivity and gender disparity necessitate targeted policy intervention to accelerate India’s aspirational journey towards becoming a developed and equitable nation by 2047.
DOI https://doi.org/10.63340/SAMT/10000006
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