Effect of financial inclusion on poverty reduction and livelihood security in backward districts of Bihar
Durgesh Kumar
This research explores how financial inclusion initiatives such as banking services, credit access, and savings programs influence poverty reduction and livelihood security in economically backward districts of Bihar. Using a combination of secondary sources, state data, and financial inclusion indices, the paper examines the contribution of schemes like Pradhan Mantri Jan DhanYojana (PMJDY) and financial literacy interventions to economic resilience. The findings reveal that increased access to financial tools correlates with enhanced income stability, greater participation in formal savings, and improved livelihood outcomes, though structural challenges in Bihar persist.
Durgesh Kumar. Effect of financial inclusion on poverty reduction and livelihood security in backward districts of Bihar. Int J Res Finance Manage 2025;8(2):1062-1065. DOI: 10.33545/26175754.2025.v8.i2k.642
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