Factors Influencing the Success of the National Savings Fund Policy (NSF) in Sak Lek District Phichit Province

Abstract

             The purposes of this research were: 1) to examine the implementation of the National Savings Fund (NSF) policy in Sak Lek District, Phichit Province, 2) to study the factors affecting the success of the implementation of the National Savings Fund (NSF) policy in Sak Lek District, Phichit Province, and 3) to explore approaches for implementing the National Savings Fund (NSF) policy in Sak Lek District, Phichit Province. The research was conducted using a quantitative methodology.
The population consisted of 400 individuals who had enrolled as members of the National Savings Fund in Sak Lek District, Phichit Province. Additionally, 
a qualitative research component involved interviews with 10 community leaders who were also members of the National Savings Fund in the same area. Data were collected from the entire population using questionnaires as the research instrument. The data analysis included frequency, percentage, mean, standard deviation, and inferential statistics to analyze the relationships between variables. Content analysis was also performed and the results were summarized in essay form.
             The research results found that:
             1. The level of opinions regarding factors affecting policy implementation in Sak Lek District was high. The highest average score was found in social, economic, and political conditions, followed by policy objectives and standards, policy resources, attitudes of policy implementers, communication, and organizational characteristics in policy implementation. All aspects were rated at a high level.
             2. An analysis of the factors affecting the success of the National Savings Fund (NSF) policy implementation in Sak Lek District, Phichit Province, revealed that the factors of organizational characteristics related to policy implementation (B = 0.098, P = 0.049), attitudes of policy implementers (B = -0.099, P = 0.048), and social, economic, and political conditions had statistically significant effects on the success of policy implementation at the 0.05 significance level (p < 0.05).
             3. The level of opinion regarding the implementation of the National Savings Fund (NSF) policy in Sak Lek District, Phichit Province, was rated high. The highest average score was in the area of government support and clear policies, followed by public access and awareness, benefits and incentives, efficient fund management, and financial literacy promotion, respectively.
             4. Problems, obstacles, and recommendations revealed that most elderly individuals are unable to access member information channels for the NSF. Therefore, there should be proactive public relations efforts to build confidence in savings, enabling people of all ages to have opportunities to participate in retirement savings.