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An Impact Study on the Role of Governmental Intervention for Financial Inclusion and Economic Well-Being of Moules - Entrepreneurs of Sundarbans

Amit MajumderPrincipal of Maharaja Srischandra College, Project Coordinator (Principal Investigator) ICSSR ProjectSajal Kr. MaitiFormer Professor, West Bengal Senior Education Service (WBSES), Govt of WB, Department of Commerce, Goenka College of Commerce & Business Administration, Project Director ICSSR ProjectDebarshi MandalAssociate Professor of Economics in West Bengal Education Service (WBES), Department of Economics, Chandernagore College, Chandannagar, Project Director ICSSR ProjectRampada BeraAssociate Professor, Department of Commerce, Sonarpur Mahavidyalaya, Project Director ICSSR ProjectShyam Sundar PradhanAssociate Professor, Department of Bengali, Sagar Mahavidyalaya, Project Director ICSSR ProjectIndranil ChatterjeeDeputy Officer (Commercial), Finance Department, Andrew Yule & Company Limited, Project Director ICSSR ProjectAnwesha PodderResearch Associate ICSSR Project, Visiting Lecturer at Sivanath Sastri CollegeDiya DasResearch Assistant ICSSR Project. Visiting Lecturer at Sonarpur Mahavidyalaya
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Abstract In this study, we came to analyze some of the possible sources of financial vulnerability that the Moules or the Indigenous honey collectors face in the Sundarbans. The aim is to investigate the impact of government support in the form of subsidy and credit inclusion on their financial well-being. The results depict that formal sources of credit from banks over informal sources can contribute better backing that can bring them out of the vicious cycle of poverty that continues for generations. A formal credit source can give a person a higher probability of achieving better earnings and economic well-being. The study also tries to analyze intergenerational mobility of occupation among Moules. The finding provides valuable insight to policymakers that can be utilized to improve their situation.

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