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