Financial Literacy: A way to achieve Financial Inclusion

- Avni Patel, Asst. Professor, Faculty of Management, GLS University

Abstract:

Financial Inclusion of the country will depend upon how well the people understand basic

concepts related to finance. Basic understanding of financial concepts is defined as financial

literacy of the person. To achieve objective of financial inclusion, people must be financially

literate first. So to observe the financial literacy of the respondents of Gujarat, particular study is

undertaken. Study is descriptive in nature and 600 samples from four major cities of Gujarat has

been selected for the same. Scope of the study is confined to salaried employees of Govt., Public

and Private sectors. To assess the financial literacy respondents were asked eight questions

normally used by many researchers. Study reveals that respondents of Gujarat possess fair

financial literacy.

Keywords:

Financial Inclusion, Financial Literacy

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