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Abstract
The study seeks to investigate the factors influencing financial inclusion. It then investigates the impact of financial inclusion on the financial well-being of street vendors in Tiruchirappalli city. A demand-side analysis of financial inclusion with a sample of 350 street vendors is used. The exploratory and descriptive research designs are used in this study. The primary data gathering method is to administer the structured interview schedule using a convenience sample strategy. Confirmatory Factor Analysis (CFA) and structural equation modelling (SEM) are used to define the latent constructs and their hypothesised relationships using sufficient empirical data. Accessibility, availability, usage, and price are found to be major drivers of financial inclusion, but the financial literacy dimension is statistically not significant. Furthermore, the study findings suggest that financial inclusion significantly improves the well-being of street vendors. The study's findings will help all stakeholders, including policymakers and financial institutions, develop policy guidelines to protect the financial well-being of street vendors through financial inclusion programmes.
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