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Research Paper | Management | India | Volume 14 Issue 2, February 2025 | Popularity: 5.7 / 10
Financial Inclusion and MSME Development: Assessing the Impact of Banking Initiatives in Uttarakhand
Renu Arya, L. K. Singh
Abstract: This study examines the impact of banking initiatives on financial inclusion and MSME (Micro, Small, and Medium Enterprises) development in Uttarakhand, India. Given the pivotal role of financial services in fostering economic growth, particularly in marginalized regions, understanding the effectiveness of banking interventions is crucial. Through a mixed - methods approach combining qualitative interviews and quantitative banking data analysis, this research aims to assess how these initiatives have facilitated access to financial services and supported MSME growth. Results indicate significant improvements in financial inclusion metrics, including increased access to banking services among diverse socio - economic groups and enhanced utilization of financial products. These findings underscore the importance of targeted banking interventions in promoting inclusive economic growth and suggest actionable insights for policymakers, financial institutions, and development agencies seeking to enhance financial inclusion and support MSMEs in Uttarakhand. This study assesses the impact of banking initiatives on financial inclusion and MSME development in Uttarakhand, focusing on the effectiveness of policies, programs, and interventions aimed at expanding access to finance, promoting entrepreneurship, and stimulating MSME growth. Based on the findings, the study provides actionable Insights and recommendations for policymakers, regulators, and financial institutions. Other stakeholders to enhance the impact and sustainability of banking initiatives in promoting financial inclusion and fostering MSME growth in Uttarakhand.
Keywords: Banking, Financial inclusion, MSME development, financial services
Edition: Volume 14 Issue 2, February 2025
Pages: 783 - 789
DOI: https://www.doi.org/10.21275/SR25213085014
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