Financial Inclusion and Microcredit Accessibility for Scheduled Caste Beneficiaries: A Case Study of Dr. B.R. Ambedkar Development Corporation Limited's Initiatives

Abstract

This study examines the impact of the Prerana Scheme, implemented by Dr. B.R. Ambedkar Development Corporation Limited (ADBCL), on financial inclusion for Scheduled Caste (SC) beneficiaries in Karnataka. Using data from 106 beneficiaries who received microcredit through Direct Benefit Transfer (DBT) in 2022-2023, the analysis reveals a high success rate in fund disbursement, with a 100% completion rate of transactions. The scheme’s geographic focus in SC-dense regions, particularly Kolar and Kalaburagi, highlights its targeted approach. Self-help groups (Sangas) play a pivotal role in supporting beneficiaries, ensuring access and promoting financial accountability. Key recommendations include the introduction of financial literacy programs, flexible repayment options, regional assessments for tailored interventions, and the integration of digital tools for real-time feedback and monitoring. This study concludes that while the Prerana Scheme effectively advances financial inclusion, its impact could be enhanced through supportive measures that foster financial resilience and sustained economic empowerment. These insights underscore the program’s potential as a model for inclusive financial development among marginalized communities.