An Evaluation of Financial Inclusion through Mahatma Gandhi National Rural Employment Guarantee Programme

Kundu, AMIT (2013): An Evaluation of Financial Inclusion through Mahatma Gandhi National Rural Employment Guarantee Programme. Published in: Prajnan , Vol. XLII, No. No.4, 2013-14 (15 May 2014): pp. 319-330.

Abstract

The government of India had initiated bank payments of wages under Mahatma Gandhi National Rural Employment Guarantee Programme (MGNREGP). This initiative is undoubtedly a big financial inclusion drive particularly among the rural poor of India. This paper has tried to evaluate this financial inclusion drive through MGNREGP in Mandir Bazar block of South 24 Parganas district of West Bengal on the basis of field survey. The picture came out from field research is very encouraging. It is established that a large section of rural poor now have a bank account which they can operate individually without taking much assistance from local panchayat officials or bank officials or any middleman. It is also identified that the women job card holders of the households are deprived to become literate about banking services. This initiative of the government also encourages few participating households to initiate some savings of their wage income.

• Item Type: MPRA Paper
• Language: English
• Keywords: Mahatma Gandhi National Rural Employment Guarantee Programme, Wage Payment System, Financial Inclusion, Savings.
• Subjects: G - Financial Economics > G2 - Financial Institutions and Services > G28 - Government Policy and Regulation; J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J33 - Compensation Packages ; Payment Methods; J - Labor and Demographic Economics > J3 - Wages, Compensation, and Labor Costs > J38 - Public Policy; R - Urban, Rural, Regional, Real Estate, and Transportation Economics > R2 - Household Analysis > R29 - Other

References

Adhikari.A. and K. Bhatia (January 2, 2010): “NREGS Wage Payment: Can We Bank on the Bank?” Economic and Political Weekly Vol: XLV, No.1, pp. 30-37

Jha.R., S.Bhattacharyya, R.Gaiha and S.Shankar (September 2009): ‘Capture of Anti-Poverty Programms: An Analysis of the National Rural Employment Guarantee Programme’ Journal of Asian Economics, Vol.20, No. 4

MGNREGA Sameekha. (2012): Ministry of Rural Development, Government of India. Published by Orient BlackSwan. Liu .Y and Christopher. B. Barrett. (March 9, 2013). “Heterogeneous Pro-poor Targeting in the National Rural Employment Guarantee Scheme”. Economic and Political Weekly: XLVIII (10): 46- 53

Shankar.S, Gaiha.R. R.Jha. (March, 2011): “Information, Access and Targeting: The National Rural Employment Guarantee Scheme in India”. Oxford Development Studies: 39 (1). pp. 69 – 95.