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Introduction
Financial inclusion has been recognized as a key driver for economic growth and poverty reduction in developing countries. The ability for individuals to access and effectively use financial services is essential in promoting savings, investment, and entrepreneurship. However, one of the major challenges to financial inclusion is the cumbersome Know Your Customer (KYC) procedures that individuals have to go through in order to open a bank account or access other financial services.
This thesis aims to explore the impact of simplified KYC procedures on financial inclusion in developing countries. By reducing the barriers to entry for individuals to access financial services, simplified KYC procedures can help to bring the unbanked population into the formal financial system.
Chapter 1: Introduction
1.1 Introduction
1.2 Background of Study
1.3 Problem Statement
1.4 Objective of Study
1.5 Limitation of Study
1.6 Scope of Study
1.7 Significance of Study
1.8 Structure of the Thesis
1.9 Definition of Terms
Chapter 2: Literature Review
2.1 Concept of Financial Inclusion
2.2 Importance of Financial Inclusion
2.3 Challenges to Financial Inclusion
2.4 Know Your Customer (KYC) Procedures
2.5 Simplified KYC Procedures
2.6 Impact of Simplified KYC on Financial Inclusion
2.7 Global Initiatives on Financial Inclusion
2.8 Case Studies on Simplified KYC Implementation
2.9 Technology and Financial Inclusion
2.10 Regulatory Framework for Simplified KYC
Chapter 3: Research Methodology
3.1 Research Design
3.2 Data Collection Methods
3.3 Sampling Techniques
3.4 Data Analysis Techniques
3.5 Research Ethics
3.6 Research Limitations
3.7 Research Validity
3.8 Research Reliability
Chapter 4: Discussion of Findings
4.1 Overview of Findings
4.2 Impact of Simplified KYC on Financial Inclusion
4.3 Barriers to Implementation of Simplified KYC
4.4 Recommendations for Policy Makers
4.5 Implications for Future Research
Chapter 5: Conclusion and Summary
5.1 Summary of Findings
5.2 Conclusion
5.3 Contributions to Literature
5.4 Practical Implications
5.5 Recommendations for Further Research
Overall, this thesis will contribute to the existing knowledge on financial inclusion by examining the role of simplified KYC procedures in enhancing access to financial services for the unbanked population. By providing a comprehensive analysis of the impact of simplified KYC procedures, this research aims to inform policy makers, regulators, and financial institutions on the potential benefits and challenges of implementing such measures to promote financial inclusion in developing countries.
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