,
Assistant Professor, Department of Management Studies, Jerusalem College of Engineering , Chennai, Tamil Nadu , India
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Research Supervisor, Department of Management Studies, University of Madras , Chennai, Tamil Nadu , India
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Associate Professor, Department of Management Studies, Jerusalem College of Engineering , Chennai, Tamil Nadu , India
,
Assistant Professor, Department of Management Studies, Jerusalem College of Engineering , Chennai, Tamil Nadu , India
Assistant Professor, Department of Management Studies, Jerusalem College of Engineering , Chennai, Tamil Nadu , India
The presence of subsidized welfare systems is also major determinants of household fiscal behaviour, especially among uniformed employees like police officers, whose choices about finances are determined by organized income distributions and professional limitations. This paper explores how subsidized police welfare canteens affect the financial behaviour with a mediating variable of grocery cost savings among the police personnel in Tamil Nadu. The research is based on the Household Economic Theory and Consumer Utility Theory that describes the way in which lowered costs of consumption can impact financial decision-making. The research design adopted was quantitative cross-sectional and the primary data collected included 131 valid respondents using a structured questionnaire via Google Forms. This was analyzed with the help of Partial Least Squares Structural Equation Modeling (PLS-SEM) with bootstrapping which helped in the evaluation of both direct and indirect relationships. The findings show that frequency of use and price sensitivity are important determinants of financial behaviour affecting the level of savings as well as financial allocation decisions. The savings in groceries were reported to be a partial mediator especially between canteen accessibility and investment allocation. As an example, the frequency of use has a considerable impact on the cost savings of groceries ( = 0.356, = 0.003), and the cost savings of groceries have a significant impact on investment allocation ( = 0.287, = 0.010). Nonetheless, the mediating effect was weak in describing the debt repayment behaviour. The research finds that the subsidized consumption helps to enhance the financial performance, especially in encouraging investment-oriented behaviour among the police officers. It also brings out the existence of a financial stress buffering effect, with households having a lower expense leading to greater financial stability. The results have practical implications to policymakers to develop efficient welfare programs that focus on enhancing financial well-being.
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