Morshadul Hasan|Thi Le|Ariful Hoque
How does financial literacy impact on inclusive finance?
Murdoch University|Murdoch University|Murdoch University
abstract inclusive finance core concept finance makes various financial products services accessible affordable individuals businesses especially excluded formal financial system one leading forces affecting peoples ability access financial services rural areas financial literacy study investigated impacts financial knowledge financial access banking microfinance fintech access using bangladesh rural population data employed three econometrics models logistic regression probit regression complementary loglog regression examine whether financial literacy significantly affects removing barriers prevent people participating using financial services improve lives empirical findings showed knowledge regarding various financial services factors significant impacts getting financial access variables profession income level knowledge regarding depositing withdrawing money knowledge regarding interest rate highly affected overall access finance studys results provide valuable recommendations policymaker improve financial inclusion developing country context comprehensive longterm education program delivered broadly rural population make big stride financial inclusion key driver poverty reduction prosperity boosting