Does Bank Account Ownership by Women Empower them? Analyzing Outcomes from the Pradhan Mantri Jan Dhan Yojana in India
This study analyses the impact of the Pradhan Mantri Jan Dhan Yojana, a financial inclusion scheme, on female empowerment in India using a triple difference-in-difference model. Given that empowerment can take various forms, we use mobile phone ownership as its proxy. Our empirical study finds that while the PMJDY led to an increase in bank account holding by women, it did not do the same for mobile phone ownership. We show that as a result of the scheme, the latter decreased, due to two main reasons. First, a majority of the women who gained access to a bank account due to the scheme were those who were disempowered, to begin with. Therefore, all the scheme did was provide them with a tool that they were not necessarily able to use. Second, viewing both mobile phones and bank accounts as luxury goods for women means that their access to one would discourage the provision of the other, to maintain the balance of bargaining power in the household. Due to these shortcomings, we end by suggesting awareness and skill-building policies that can complement a financial inclusion scheme such as the PMJDY
Year of publication: |
[2021]
|
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Authors: | Dewan, Tarini ; Mal, Arshia |
Publisher: |
[S.l.] : SSRN |
Subject: | Indien | India | Entwicklungsprojekt | Development project | Armutsbekämpfung | Poverty reduction |
Saved in:
freely available
Extent: | 1 Online-Ressource (24 p) |
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Type of publication: | Book / Working Paper |
Language: | English |
Notes: | Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 9, 2021 erstellt |
Other identifiers: | 10.2139/ssrn.3888341 [DOI] |
Source: | ECONIS - Online Catalogue of the ZBW |
Persistent link: https://www.econbiz.de/10013219405
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