Question

A research study involves examining the impact of Pradhan Mantri Jan Dhan Yojana initiative on the economically weaker section in the state of Madhya Pradesh. Suggest an appropriate research design (in terms of quantitative and qualitative research designs) to undertake such a study. Give reasons.

31 Jul 2024
Answer :
Word Count : 620

To study the impact of the Pradhan Mantri Jan Dhan Yojana (PMJDY) on the economically weaker sections in Madhya Pradesh, an integrated research design that combines both quantitative and qualitative approaches is essential. This mixed-methods approach will provide a comprehensive understanding of the initiative’s effects and the nuances involved. Below is a detailed outline of the proposed research design:

### Quantitative Research Design

1. Objective:
To measure the impact of PMJDY on various economic indicators such as income levels, savings, and financial inclusion among the economically weaker sections in Madhya Pradesh.

2. Data Collection:
- Survey Design: Develop a structured survey to collect data from beneficiaries and non-beneficiaries of the PMJDY program. The survey should include questions on income, savings, access to banking services, and usage of financial products.
- Sampling Method: Use stratified random sampling to ensure representation of different districts and demographic groups within Madhya Pradesh. This will help in _______ __________ _____ _________ ___.
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