Financial inclusion among Mgnrega workers in Chhattisgarh
Ashish Kumar Mishra, Manisha Dubey
Financial Inclusion is one of the desirable goals of The Mahatma Gandhi National Rural Employment Guarantee Act, 2005 (MGNREGA), which provides 100 days of wage employment in a financial year to any rural household whose adult members are willing to participate in unskilled manual work. The Act is an important step towards realization of the right to work and aims at enhancing people’s livelihood on a sustained basis, by developing the economic and social infrastructure in rural areas. After a long time, Reserve Bank of India has started giving license to payments banks which will reach out to people in rural areas. This is an important step towards inclusive financial inclusion. This will further provide a greater opportunity to MGNREGA workers as well as for small saving workers of society. This study assesses the impact of the MGNREGA scheme on the financial inclusion and insurance position of beneficiaries so that to bring the rural unskilled workforce to main stream of banking and postal system and capture their micro savings for the development of the economy.
Ashish Kumar Mishra, Manisha Dubey. Financial inclusion among Mgnrega workers in Chhattisgarh. International Journal of Multidisciplinary Research and Development, Volume 2, Issue 11, 2015, Pages 144-147