AN ANALYTICAL STUDY ON FINANCIAL LITERACY AND INITIATIVES BY FINANCIAL INTERMEDIARIES

Dr Meghna Tiwari Dr Sandeep Malu

Abstract


The growth and the development of any country depend on its financial system. For achieving the goal of the financial system, there is one accurate solution which is financial literacy. The relationship between financial literacy and financial inclusion is interrelated. In a broader perspective, financial  literacy can be stated as “understanding of economics and how economic  conditions and circumstances affect household decisions†(Worthington, 2006)  and these decision directly and indirectly affect the financial system so this  paper try to focus on the solution for increasing financial literacy among  people. Promoting financial literacy can reap many benefits for the educational institution which also include student recruitment and retention, building awareness among community members and the media and fundraising through grant and sponsorship opportunities, when financial literacy programmes will be included in the school curriculum then this will open new doors for youth as well

Keyword: Financial Literacy, Financial Policies, Financial Intermediaries.


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References


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