International Journal For Multidisciplinary Research

E-ISSN: 2582-2160   •   Impact Factor: 9.24

A Widely Indexed Open Access Peer Reviewed Multidisciplinary Bi-monthly Scholarly International Journal

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Volume 8 Issue 5
September-October 2026

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The Role of Educational Psychology and Public Policy in Promoting Financial Inclusion

Author(s) Mr. Mohammad Wahajuddin Yangkhubam
Country India
Abstract Financial inclusion is a fundamental part of the policy approaches that development policies do, but it does not imply that financial services will be widely adopted if they are available. This research we are proposing examines the role psychological and social factors have in public policy, and, in turn, how that public policy impacts people's behavior with financial services. In this study, we apply educational psychology, behavioural economics, and institutional analysis, which we view as a multi-dimensional outcome, incorporating individual psychological components such as knowledge, attitude, self-efficacy, motivational factors and decision-making processes, and public policy output – in terms of structure and support. The study involves an interdisciplinary literature review and original data collected from selected states in India from adults who are new to formal financial services and adult learners. It looks at financial literacy, financial confidence, attitudes to money, digital financial skills, awareness of financial policies and various aspects of financial access, such as service quality and use. The study integrates different perspectives in education and policy analysis to analyze and discuss the various reasons for the psychological and structural barriers even when financial services are more available. It also comes up with evidence-based recommendations for more robust financial education, improved consumer protection and more inclusive policies. This study attempts to fill a lacuna in the literature as financial inclusion studies in India seldom bridge the gap between the educational and psychological factors and with the institutional and policy analysis.
Keywords Educational Psychology; Financial Inclusion; Financial Literacy; Public Policy; Financial Self-Efficacy; Digital Financial Inclusion; Financial Behaviour; Inclusive Education
Published In Volume 8, Issue 5, September-October 2026
Published On 2026-10-14
DOI https://doi.org/10.36948/ijfmr.2026.v08i05.89649
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