Financial inclusion of farmers in aspirational districts: A case of Karnataka, India

Abstract views: 269 / PDF downloads: 236


  • G S ARUN KUMAR ICAR-Indian Agricultural Research Institute, New Delhi
  • MANJEET SINGH NAIN ICAR-Indian Agricultural Research Institute, New Delhi
  • RASHMI SINGH ICAR-Indian Agricultural Research Institute, New Delhi


Accessibility, Aspirational districts, Awareness, Financial inclusion, Satisfaction, Usage


The study taken up during 2021 aimed at assessing the extent of financial inclusion and its determinants among the farmers in two aspirational districts (Raichur and Yadgir) of Karnataka and selected 30 respondents per block from two block per district making a sample size of 120. The overall extent of financial inclusion was moderate. The level of awareness of majority of the respondents on financial products and services was moderate to high, but majority of them reported difficulty in accessing them. The level of usage was found to be low, whereas satisfaction level was moderate. The determinants study revealed that age, distance to financial institute and education (Illiteracy, Primary) were negatively related to extent of financial inclusion. Operational land holding and annual income were observed to be positive and significant. Frequency of visit to financial institute was positive and significant contributor to extent of financial inclusion. The results are clear cut indication for tailored plans, polices and strategies for farmers’ financial inclusion.


Download data is not yet available.


Arun K G S, Nain M S, Singh R, Kumbhare N V, Parsad R and Kumar S. 2021. Training effectiveness of skill development training programmes among the aspirational districts of Karnataka. Indian Journal of Extension Education 57(4): 67–70. DOI:

Chinnathambi S and Ramachandran T. 2015. Financial Inclusion-A study on small and marginal farmer in Theni District. International Journal of Applied Engineering Research 10(9): 23087–101.

Jayalakshmi P and Ganesan M. 2021. A study on awareness and access to financial inclusion among agricultural labourers with special reference to Sivagangai district. PalArch's Journal of Archaeology of Egypt/Egyptology 18(1): 4711–18.

Joseph D. 2014. A study on financial inclusion and financial literacy. International Journal of Business and Administration Research Review 2(4): 126–34.

Khuntia R. 2014. Pradhan Mantri Jan Dhan Yojana (PMJDY): A new drive towards financial inclusion in India. ZENITH International Journal of Business Economics and Management Research 4(11): 10–20.

Kumar A and Gupta H. 2019. Financial inclusion and farmers: association between status and demographic variables. International Journal of Recent Technology and Engineering 8(4): 5868–79. DOI:

Laha A, Kuri D and Kumar P. 2011. Determinants of financial inclusion: A study of some selected districts of West Bengal, India. Indian Journal of Finance 5(8): 29–36.

Mhlanga D and Dunga S H. 2020. Measuring financial inclusion and its determinants among the smallholder farmers in Zimbabwe: An empirical study. Eurasian Journal of Business and Management 8(3): 266–81. DOI:

Michael E Porter and Scott Stern. 2020. An Assessment of aspirational districts programme. The institute for competitiveness, Haryana, India.

Ministry of Finance. 2019. Economic Survey 2018–19 (Volume-I).

Naik B T. 2012. Survey of financial services extended to farmers in rural areas: Facts and myths a ground level case study of Sheloshi village in Gagan Bawada Taluka in Kolhapur district. IBMRD's Journal of Management and Research 1(1): 61–63.

Nain M S, Singh Rashmi, Mishra J R and Sharma J P. 2015. Utilization and linkage with agricultural information sources: A study of Palwal district of Haryana state. Journal of Community Mobilization and Sustainable Development 10(2): 152–56.

Panda S, Modak S, Devi Y L, Das L, Pal P K and Nain M S. 2019. Access and usage of Information and Communication Technology (ICT) to accelerate farmers’ income. Journal of Community Mobilization and Sustainable Development 14(1): 200–05.

Priyadarshini S, Singh P K, Singh O P and Gautam Y. 2020. Financial inclusion of farmers: A case study of Dhenkanal district of Odisha, India. Asian Journal of Agricultural Extension, Economics and Sociology 38(12): 46–53. DOI:

Ravikumar K, Nain M S, Singh R, Chahal V P and Bana R S. 2015. Analysis of farmers’ communication network and factors of knowledge regarding agro metrological parameters. Indian Journal of Agricultural Sciences 85(12): 1592–96.

Sharma A and Kukreja S. 2013. An analytical study: Relevance of financial inclusion for developing nations. International Journal of Engineering and Science 2(6): 15–20.

Sreelakshmi C C. 2016. Extent of financial inclusion among farmers in Thanniyam panchayat. Asia Pacific Journal of Research 46(1): 10–15.

Ugwuja V C and Attah C. 2020. Determinants of farmers' financial inclusion in Ogba Local Government Area (ONELGA) of Rivers state, Nigeria. Nigerian Agricultural Policy Research Journal (NAPReJ) 8(1): 48–56.

United Nations Development Programme (UNDP). 2018. Human Development Indices and Indicators 2018. Available at: DOI:









How to Cite

KUMAR, G. S. A., NAIN, M. S., & SINGH, R. (2023). Financial inclusion of farmers in aspirational districts: A case of Karnataka, India. The Indian Journal of Agricultural Sciences, 93(2), 241–244.