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Social Capital a Mediator of Financial Inclusion Development in Rural Kerala

Author(s):

Vidya A , sree narayana college ,nattika

Keywords:

Social Capital, Financial Inclusion, Social Exclusion

Abstract

Community ties are the first safety net for the poor. Where this ties are strong individual get a good support from friends, neighborhoods and locality. Where this ties are weak individuals are at great risk of adversity in the event of poverty. Lack of social interconnectedness is, in itself an important dimension of individual deprivation. Social isolation poses risks to individual wellbeing and health as well as social cohesion. The present study examines whether informal contact formed through social network has an impact on financial inclusion development in chazhoor Gram panchayath of Thrissur district, Kerala. The result of simple regression analysis reveals that there exist significant relationship between social capital variables and financial inclusion variables. The main root cause of financial exclusion is social exclusion. So it is imported to create social network to build an inclusive development.

Other Details

Paper ID: IJSRDV5I90199
Published in: Volume : 5, Issue : 9
Publication Date: 01/12/2017
Page(s): 547-550

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