Financial Literacy and Inclusion in IndiaAuthor :
Hardback
Published : Friday 1 November 2019
Description
Financial literacydeals 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.
You may also like ...
by
Hardback
01 Oct 2021
Finance and the finance industry
€70.19
Extended stock – Dispatch 5-7 days
by
Hardback
01 Nov 2019
Finance and the finance industry
€64.34
Extended stock – Dispatch 5-7 days
by
Hardback
20 Feb 2014
Intensive care nursing
€73.70
Extended stock – Dispatch 5-7 days
by
Paperback
30 Jan 2014
Respiratory medicine
€69.02
Extended stock – Dispatch 5-7 days
Reviews