UID-enabled banking upon unbanked through micro-ATM – a case study of a multinational bank. (1st January 2013)

• Record Type: Journal Article
• Authors: Jha 'Bidyarthi', H.M.; Mishra, S.M.; Kasliwal, N.Y.; Srivastava, Ashish K.
• Is Part Of: International journal of technology marketing. Volume 8:Number 4(2013)
• Page Start: 360
• Page End: 368
• Publication Date: 2013-01-01
• Subjects: financial inclusion -- micro-finance -- UID-enabled banking -- micro-automated tailored machine -- micro-ATM; Technology -- Marketing -- Periodicals; 338.476
• Languages: English
• ISSNs: 1741-878X

Abstract

This research is based on a study of four sample villages drawn from two districts of Vidarbha region of Maharashtra State in India and a survey of 650 villagers regarding their financial needs, access to financial institutions, availability of needed finance and its terms and conditions and the possibility of connecting them with a multinational bank through UID-enabled 24-hour door-step banking using micro-ATM and business correspondence model. Though this seems to assure financial inclusion but a host of regulatory limitations impede its scope which this paper attempts to address and answer.