Abstract
Financial inclusion is regarded as an essential instrument for socioeconomic development. It has become a big issue in developing nations, as many people are still economically excluded. Different factors including financial literacy significantly influence financial inclusion. This study aims to determine how financial literacy impacts financial inclusion. The study area is the province of Gandaki in Nepal, from which a sample of one thousand respondents is selected for data collecting. For the study of independent and dependent variables, the Partial Least Squares Structural Equation Modelling method is applied. The examination of the data indicates that financial literacy considerably improves financial inclusion in the study region. This study concludes that financial inclusion can be improved by educating individuals on the significance of financial products and services. These findings aid policymakers in implementing financial literacy programs to improve financial inclusion.
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Ranabhat, D., Verma, N., Sapkota, P., Chhetri, S.D. (2023). Effects of Financial Literacy on Financial Inclusion: Evidence from Nepal’s Gandaki Province. In: Vasant, P., et al. Intelligent Computing and Optimization. ICO 2023. Lecture Notes in Networks and Systems, vol 855. Springer, Cham. https://doi.org/10.1007/978-3-031-50158-6_3
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DOI: https://doi.org/10.1007/978-3-031-50158-6_3
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