Understanding the Relationship of Beneficiaries Attributes with their Access of Financial Services in Manipur

The main objective of this paper was to measure the relationship strength between the Manipur state beneficiaries attributes and their actual usage of selected financial services (accessing of bank service, purchasing insurance, usage of microfinance service, saving at formal financial institution and credit from formal source). For this measurement, a structures questionnaire was designed and administered to 600 beneficiaries from six districts of the Manipur state. The collected data was analyzed by using the binary logistic regression. The study found that the gender is the highest significant predictor for accessing of banking services. The numbers of family dependent and their average household income of the beneficiaries are good predictors for buying insurance policies. And for usage of microfinance services, the region of the respondent contributes the highest influencing factor. Formal saving behaviors are strongly depending on their family dependent numbers whereas for formal credit taken, the region of the respondent contributes the highest influencing factor in the state.