Open AccessBANKING FACILITIES IN TRIBAL DOMINATED RURAL AREAS - A CASE STUDY OF HEZAMARA BLOCK, MOHANPUR, TRIPURA
Author(s) -
Sayan Saha,
Kiran Sankar Chakraborty
Publication year - 2021
Publication title -
paripex indian journal of research
Language(s) - English
DOI - 10.36106/paripex/5705678
Subject(s) - financial inclusion , bank account , business , financial institution , payment , disadvantaged , financial services , savings account , finance , socioeconomics , financial system , economic growth , economics
A bank is a financial institution licensed to receive deposits, make credits and provide other banking facilities –transactions,payments and insurance.By the way of implementing the concept of financial inclusion,a vast section of therural disadvantaged tribal people in India was gradually coming under the ambit of formal banking services.As per thereport of the World Bank's (2017) Global Findex shows that nearly 80 percent of the people in India had a bank account.However a significant portion of tribal people in India are excluded from the ambit of the banking facilities in the country.In this background the present paper aims to assess the level of access to banking facilities among the tribal people ofHezamara Block of Mohanpur,Tripura and to study their awareness level about financial products and services offeredby the banks.The present study is based on primary data collected from the 200 tribal households in Hezamara Blockthrough a set questionnaire and discussion.It has found that 100 percent of sample tribal respondents are having bankaccounts and majority of the respondents have their bank accounts in Tripura Gramin Banks (TGBs) and Tripura StateCo-operative Banks (TSCBs) respectively.