Impact of Financial Literacy in India
Lead author · Corresponding
Neelam
Assistant Professor at Chaudhary Ranbir Singh University, Jind, India
Abstract
A robust financial system is essential to the expansion and development of any economy. A prosperous economy is the direct result of its citizens' financial security. Having a firm grasp on basic money management skills is essential to building long-term financial security. The government of India has made many steps to increase citizens' access to and understanding of financial resources. This article provides insight into the several initiatives taken by regulatory bodies in India to promote financial inclusion and financial literacy among the population. The work draws on a wide range of literature reviews, including those of academic journals, newspapers, government documents, books, etc.
This is an Open Access article distributed under the terms of the Creative Commons Attribution–NonCommercial 4.0 International (CC BY-NC 4.0) (https://creativecommons.org/licenses/by-nc/4.0/), which permits remixing, adapting, and building upon the work for non-commercial use, provided the original work is properly cited.