FINANCIAL INCLUSION- A STUDY ON MIGRANT LABOURERS

Abstract

FI has emerged as a key driver of equitable economic growth, especially in developing countries like India. Migrant labourers, who form a significant part of the unorganized workforce, often face challenges in accessing formal financial services due to factors such as lack of documentation, limited financial literacy, and geographic mobility. This study explores the extent of financial inclusion among migrant labourers and investigates the barriers they face in utilizing banking and digital financial platforms. Through a mixed-method approach involving surveys and interviews with migrant workers across urban centers, the research identifies gaps in awareness, usage patterns, and trust in financial systems, (Ghosh, and Ghosh, 2014). The findings highlight the urgent need for targeted policy interventions, inclusive banking practices, and financial education programs tailored to the unique needs of migrant communities. This study contributes to the broader discourse on inclusive development by emphasizing the role of financial access in improving the socio-economic conditions of migrant labourers.

Keywords: financial systems, FI, migrant labourers and financial access.