Financial Literacy and Inclusion in India

Abdul Azeez N.P. and S.M. Jawed Akhtar

ISBN 10: 8177084844 / ISBN 13: 9788177084849

Published by New Century Publications, 2019

About this Item

Contents: 1. Financial Inclusion of Rural Daily Wage Earners/Ashraf Pulikkamath and Muhammed Safwan A. 2. Banking Habits and Access to Formal Credit/Subhashini Muthukrishnan. 3. Financial Literacy of Economically Marginalized People/Abdul Azeez N.P. and Nasira Banu M. 4. Financial Inclusion in Rural India/C. Krishnan. 5. Interest Free Micro Finance as an Alternative to Financial Inclusion/Muhammed Palath. 6. Level of Financial Literacy and Inclusion/Sini VT. 7. Empowering Poor through Financial Inclusion/S.N. Tripathy. 8. Dimensions of Financial Inclusion in India/M.H. Wani and Arshad Bhat. Index. Financial literacy deals with knowledge and skills which allow an individual to make informed and effective decisions with regard to his financial resources. An understanding of basic financial concepts allows people to navigate in the financial system successfully. People with financial literacy training make better financial decisions than those without it. Financial literacy involves proficiency in financial principles, financial planning, debt management, saving techniques and the time value of money. Lack of financial literacy can lead to poor financial decisions including money loss, indebtedness and other negative consequences on the financial well-being of an individual. The concept of financial inclusion has a special significance in India because a large segment of the society, particularly low-income earners, has little access to financial services, both formal and semi-formal. Resultantly, many of them have to depend either on their own or high cost informal sources of finance such as moneylenders. The essence of financial inclusion is to ensure that a range of appropriate financial services are available to all individuals to enable them to understand and access those services. The present volume contains 8 research papers on financial literacy and financial inclusion authored by experts in the field. These scholarly contributions provide deep insights into the various aspects and problems associated with the twin policy goals of financial literacy and financial inclusion. (jacket).

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Bibliographic Details

• Title: Financial Literacy and Inclusion in India
• Publisher: New Century Publications
• Publication Date: 2019
• Language: English
• ISBN 10: 8177084844
• ISBN 13: 9788177084849
• Binding: Hardcover
• Edition: 1st Edition
• Condition: New

About this title

Synopsis

Financial literacy involves proficiency in financial principles, financial planning, debt management, saving techniques and the time value of money. The concept of financial inclusion has a special significance in India because a large segment of the society has little access to financial services. Consequently, many of them have to depend either on their own or high-cost informal sources of finance. The essence of financial inclusion is to ensure that a range of appropriate financial services are available to all individuals to enable them to understand and access those services. The present volume contains 8 research papers that provide deep insights into the various aspects and problems associated with financial literacy and financial inclusion.

About the Author

Dr. S.M. Jawed Akhtar is currently a Professor at Aligarh Muslim University. He has authored 12 books and published more than 60 research papers in academically acclaimed journals. Dr. Abdul Azeez N.P. is currently an Assistant Professor at Aligarh Muslim University. He has published 5 books and numerous research papers in reputed journals.