Assessing the Impact of Government Schemes on Financial Inclusion in India: A Bibliometric Review

Authors

  • Manisha Soreng Research Scholar, Faculty of Commerce, Banaras Hindu University, Varanasi, Uttar Pradesh, India
  • R.S. Meena Professor, Faculty of Commerce, Banaras Hindu University, Varanasi, Uttar Pradesh, India

DOI:

https://doi.org/10.5281/zenodo.15143682

Keywords:

financial inclusion, government schemes, india, bibliometric analysis, research trends, vos viewer, occurrences

Abstract

This bibliometric review paper aims to analyze the research landscape on financial inclusion (FI) and government scheme (GS) with a focus on India, through the examination of 92 documents for the period published between 2010 and 2024 in the Scopus database. The study finds the dominant themes, key authors, influential institutions, and most cited publications in this domain. The authors have employed co-citation analysis, bibliographic coupling, and co-occurrence of keyword analysis with the help of a VOS viewer has been done in the study. The findings reveal that Pradhan Mantri Jan Jhan Yojana (PMJDY) has been studied dominantly in this theme but still more research in this field by taking up studies related to other FI initiatives is necessary. Various research gaps predominantly which are related to FI such as the inclusion of technology adoption in this field and comparison with other country’s government initiatives are still underexplored. However, the study also faces certain limitations which as the employment of a single database and the exclusion of some important keywords, which leads to deploying a more inclusive approach to ensure a comprehensive involvement of relevant pieces of literature in the dynamic nature of this research field.

Downloads

Download data is not yet available.

References

Ahamed, A. J. (2025). Chapter-1 financial literacy. Social Science Research Network. https://doi.org/10.2139/ssrn.5084835.

Chithra, N., & Selvam, M. (2013). Determinants of financial inclusion: An empirical study on the inter-state variations in India. SSRN.

Chutani, R., Purohit, H., & Purohit, S. (2015). Change in financial literacy in Punjab and Haryana post-financial inclusion schemes. SSRN. https://doi.org/10.2139/ssrn.2677132.

Dikshit, S., & Pandey, A. C. (2021). Role of financial inclusion in realizing sustainable development goals (SDGs). International Journal of Research in Finance and Management, 4(2), 35–39.

Gálvez-Sánchez, F. J., Lara-Rubio, J., Verdú-Jóver, A. J., & Meseguer-Sánchez, V. (2021). Research advances on financial inclusion: A bibliometric analysis. Sustainability, 13(6), 3156. https://doi.org/10.3390/su13063156.

Johnson, M. (2024). Empowering financial inclusion: The crucial role of public sector banks in implementing Pradhan Mantri Jan-Dhan Yojana (PMJDY). International Journal for Research in Applied Science and Engineering Technology. https://doi.org/10.22214/ijraset.2024.60726.

Joshi, M., & Rajpurohit, V. (2016). Pradhan Mantri Jan Dhan Yojana (The financial inclusion): A study of awareness. SSRN. https://doi.org/10.2139/ssrn.2816493.

Kumar, S. (2023). Empowering India’s micro-entrepreneurs: An analytical overview of the highlights of the MUDRA scheme. https://doi.org/10.36676/urr.v10.i4.1351.

Kurussiveettil, R., & Karuppanagounder, K. (2024). Financial inclusion revolution in India: A decade of progress with PMJDY empowering millions. Journal of International Business and Economics. https://doi.org/10.51240/jibe.2023.2.4

Mathew, J., & Kurian, R. (2017). India’s policies on leveraging financial inclusion in the country. The Journal of Developing Areas, 51(4), 433–443.

Rajasekhar, D., Kesavan, S., & Manjula, R. (2016). Contributory pension schemes for the poor: Issues and ways forward. Research Papers in Economics. https://ideas.repec.org/p/ess/wpaper/id12097.html.

Salasty, J. J., Kanagavalli, G., & Arumugam, U. (2024). Deciphering Mudra Yojana awareness: Trends and insights. Shanlax International Journal of Arts, Science and Humanities, 11(S1), 200–207. https://doi.org/10.34293/sijash.v11is1.7746.

Shankar Kumar, S., & Jeyaprabha, B. (2022). Effectiveness of financial inclusion and rural upliftment: Empirical evidence from Tamil Nadu.

T, G., & Ganesan, P. (2023). Impact of financial education and literacy on investment behaviour. International Journal for Science Technology and Engineering, 11(11), 2668–2687. https://doi.org/10.22214/ijraset.2023.56808.

Thomas, B., & Subhashree, P. (2020). A review on the recent trends in financial inclusion: The research journey so far. Humanities and Social Sciences Reviews, 8(4), 192–200.

Vidyashree, D., & Rathod, P. (2015). Financial inclusion – A study on Modi’s PMJJBY, PMSBY and APY. International Journal of Applied Research, 1(7), 632–635. https://www.allresearchjournal.com/archives/?year=2015&vol=1&issue=7&part=K&ArticleId=377.

Downloads

Published

2025-02-28

How to Cite

Soreng, M., & Meena, R. (2025). Assessing the Impact of Government Schemes on Financial Inclusion in India: A Bibliometric Review. Management Journal for Advanced Research, 5(1), 93–104. https://doi.org/10.5281/zenodo.15143682

ARK