Evaluating The Operational Dynamics and Financial Accountability of Kerala’s Welfare Corporations in Promoting Socio-Economic Equity among ‎Marginalized Groups

  • Authors

    • Varghese K Research Scholar, Department of Management Studies, Noorul Islam Centre for Higher Education, Kumaracoil, Tamil Nadu, India
    • M. Janarthanan Pillai Research Supervisor, Professor, Department of Management Studies, Rohini College of Engineering and Technology, Palkulam, ‎Kanyakumari District
    https://doi.org/10.14419/spz31265

    Received date: September 15, 2025

    Accepted date: October 25, 2025

    Published date: November 6, 2025

  • Factor Analysis; Marginalized Groups; Multivariate Analysis of Variance; Multiple Linear Regression; Socio-Economic Advancement; Welfare ‎Schemes.

  • Abstract

    Marginalized groups are communities that experience persistent social, economic, and political disadvantages, often resulting in limited ac‎cess to essential resources such as education, employment, healthcare, and financial stability. In Kerala, efforts to promote inclusive development have led to the implementation of a wide range of welfare schemes. Among these, three key public sector organizations—Kerala ‎State Women’s Development Corporation (KSWDC), Kerala State Handicapped Persons Welfare Corporation (KSHPWC), and Kerala ‎State Development Corporation for Scheduled Castes and Scheduled Tribes (KSDCSCST)—have been selected for this study based on ‎their targeted welfare initiatives aimed at empowering women, Scheduled Castes (SC), Scheduled Tribes (ST), and persons with disabilities. ‎This research evaluates the impact of these welfare schemes on the socio-economic development of marginalized communities in Kerala ‎using a quantitative approach. Using Multiple Linear Regression (R² = 0.78) and MANOVA, the research finds statistically significant ‎improvements in financial independence (M = 3.8), job security (M = 3.5), educational attainment (M = 3.9), and quality of life (M = 4.0). ‎Factor analysis identifies strategic domains such as skill development, gender empowerment, and accessibility. These results demonstrate ‎that targeted welfare policies yield measurable and meaningful socio-economic advancements. The study underscores the need for accounta‎bility-driven, inclusive policymaking.

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  • How to Cite

    K, V., & Pillai , M. J. . (2025). Evaluating The Operational Dynamics and Financial Accountability of Kerala’s Welfare Corporations in Promoting Socio-Economic Equity among ‎Marginalized Groups. International Journal of Accounting and Economics Studies, 12(7), 208-218. https://doi.org/10.14419/spz31265