FINANCIAL INCLUSION ? A QUANTITATIVE ASSESSMENT OF THE BENEFITS EXPECTED BY RURAL AND URBAN CLASS

The recent past has witnessed several reforms to cover the population living in rural part of India with a view to reduce inequality of income and encouraging participation of the rural segment of the society in the growth of economy of our country. The proliferation of banking system and other financial products among rural part of the country is expected to act as a catalyst in improving the standard and style of people having enormous entrepreneurship potential but could not give way to their dreams because of lack of important ingredients needed for the same. This paper highlights the views regarding benefits of financial inclusion as prevalent among the urban class of society and the rural class of society and statistically test the difference in their approach using various statistical technique , such as Mann Whitney test and Student t-test , after collecting the information on the Likert scale through a same questionnaire designed for both the sets of respondents ? rural as well as urban.