Distance hinders financial inclusion in India, calls for policy change.
The study looked at how distance affects people's access to banks in India. They found that distance makes it harder for people to use bank accounts, not just to get to a bank. This was true whether distance was measured in time or physical distance. The results were strong even after checking them in many ways. The study suggests that policies are needed to help people who are far from banks to be included in the financial system.