Author(s): Phurpa Tshering*, Tenzin Dorji
The purpose of this was to identify the drivers of financial inclusion in Darla Gewog, Chukha. Financial inclusion is an important factor for addressing socioeconomic issues leveraging financial services and enhancing economic growth. A quantitative research analysis was conducted employing Binary Probit regression to see the impact of education, age, and income on financial inclusion. Primary data were collected from Darla Gewog from 327 individuals through questionnaires circulated, with approximately equal representation of female and male respondents. The study found that level of income has a positive and significant impact on financial inclusion, where individuals with higher income had more likelihood to access credit and own a bank account. On the contrary, age has a negative influence on financial inclusion variables as older people have a lower probability of owning a bank account and availing credits compared to younger individuals. This study also found that the level of education does not significantly influence financial inclusion in Darla Gewog.