Table 4 - uploaded by Dr.Nageswara Rao DARA
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Cumulative Variance Explained by Components
Source publication
The purpose of the study is to measuring with multidimensional index of digital financial inclusion in emerging markets, particularly in aspects of India performance. Despite the promise of digital financial services to reach the unbanked, challenges remain in emerging markets. Digital financial services (DFS) are an effective means of enhancing fi...
Contexts in source publication
Context 1
... weights are obtained from the information in the principal components and the corresponding eigenvalues, it is worth studying the composition of these components to understand the structure of our estimated indices. See the table 4 Table 4 shows, in a cumulative way and by dimensions, the amount of the total variance explained by the different components. For the usage dimension, we observe that the first component, which contains 75% of the total information in this dimension (see Table 4) has an even contribution of the three indicators: account, loan and savings. ...
Context 2
... the table 4 Table 4 shows, in a cumulative way and by dimensions, the amount of the total variance explained by the different components. For the usage dimension, we observe that the first component, which contains 75% of the total information in this dimension (see Table 4) has an even contribution of the three indicators: account, loan and savings. This suggests that these three indicators measure the same latent structure. ...
Citations
... In India, 50% of the financially excluded populations are Muslims, though the foremost priority teaching of Islam is justice and equity in economic development (Beg & Mullick, 2016). A Usage, Barrier, and access to financial inclusion are the three dimensions to calculate the degree of financial inclusion, out of these three dimensions access to financial inclusion is the most important dimension to measure the level of financial inclusion (Dara, 2016). Classification and analysis of the barriers to financial inclusion lead to a deeper understanding of financial inclusion. ...
The policymakers should take a series of immediate actions to address the consequences of the Covid-19 pandemic in the path of the sustainable economy by reaching to every segment of the society to return the economy on track, financial inclusion (FI) is the only way to achieve the target. The study analyzes the obstacles in the path to achieve sustainable growth, which has been partitioned into two stages; the identification of barriers and investigation. The study has divided into three diverse stages: identification of barriers, interviews with specialists from industry, and framing an ISM model. Fifteen barriers have been identified in the achievement of goals of financial inclusion with four levels in ISM designed model. Not enough money, Lack of trust, High cost, Financial Illiteracy, Gender issues, Age factor, and Terms and conditions are factors of prime importance as they have very high driving as well as dependence power. Factors like Irregular income, Distance, and Legal identity are not showing a direct impact on other variables in the system, so these three factors may overlook by decision takers. Psychological and cultural barriers and Bank charges are very important barriers to high dependent driving power. These obstacles must require proper attention.
