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In the digital age, financial inclusion continues to be connected to social inclusion. While most personal financial transactions are shifting from cash currency to digital transactions, we must ensure that marginalized members of society are not unbanked and excluded from financial opportunities. Many countries are declaring their intention to transform to cashless societies. India is one such country. As a case study, we investigated rural Indian villages that declared themselves as cashless to assess the financial reality of villagers. We conducted a survey of households (N=3,159) within villages across seven Indian states. In each state, we studied a village that was officially declared cashless and a nearby comparison village. Our findings suggest that the comparison villages did as well as the cashless villages, as financial inclusion via digital banking was minimal to nonexistent. Alongside significant state variations, we found that financial literacy and online access were the best predictors of performing any digital banking activity. This study concludes with a warning against rushing toward digital banking and the formation of cashless societies, as marginalized populations may be excluded. [ABSTRACT FROM AUTHOR]

The study of philanthropy has largely been the purview of the wealthy and privileged in Western societies. However, the act of giving transcends race, religion, nationality, ethnicity, and socioeconomic conditions. This article adds to the philanthropic literature by providing empirical evidence of the prosocial behaviors of rural villagers throughout India. Using responses from a large-scale, door-to-door survey (n =3,159), we found that high percentages of rural Indians regularly engage in both formal and informal giving and volunteering. Even among generally poor, rural Indian villagers, socioeconomic indicators still matter (with the exception of education), and minority religions and lower social groups tend to exhibit higher levels of prosocial behavior than dominant religious and social groups. [ABSTRACT FROM AUTHOR]

Financial inclusion/exclusion has recently been emphasised as an important policy option aimed at alleviating poverty, minimising social exclusion and enhancing economic growth. In this article, we review the growing interest in financial exclusion and inclusion, define them and demonstrate their existence in developing and developed countries. Our empirical focus is on whether financial inclusion has been successfully implemented in four sites in rural South India where banks claimed that financial inclusion is complete. Although many rural people in South India are financially included, the concept of financial inclusion is more complex than usually portrayed. Our findings show that social and personal deprivation contributes to financial exclusion and should be viewed as key barriers to financial inclusion. We also suggest that financial inclusion is not a monolithic phenomenon and should be studied in a multi-layered fashion, ranging from having a bank account to making full use of modern financial instruments. [ABSTRACT FROM PUBLISHER]

The literature on microcredit self- help groups (SHGs) tends to ignore two subgroups: leaders of SHGs and men. Based on a sample of 146 leaders of SHGs in Karnataka, India, we assessed the extent to which a set of background variables explains income growth, willingness to continue SHG membership, personal empowerment, and perception regarding women's roles in society. Surprisingly, neither gender nor any other variable explained variability in these variables. Implications for SHGs are proposed. [ABSTRACT FROM AUTHOR]