AJ Mowl is a researcher at the IFMR Finance Foundation (IFF), where her present work focuses on the institutional and structural barriers to expanding financial inclusion. Prior to joining IFF in 2014, she was a faculty member at the business school of the Institute for Financial Management and Research (IFMR). Additionally, she was a member of the founding team at the Centre for Micro Finance Research at IFMR-LEAD, which she joined in 2005. She holds an MPA/ID from the Harvard Kennedy School, and an undergraduate degree in Economics from the University of California.
Barriers to basic banking in India
29 May 2015
The Indian government is promoting the Jan Dhan Yojana, Aadhaar and mobile banking – or the “JAM trinity” — as the pathway to financial inclusion. But are banks capable or even willing take on their role in this ambitious agenda? Based on a field study in Chennai, this column highlights the range of costs and constraints imposed by banks on customers attempting to enter the formal financial sector.
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