Record Details

Financial literacy of economically marginalized people of Kerala

Shodhganga@INFLIBNET

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Field Value
 
Title Financial literacy of economically marginalized people of Kerala
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Contributor Maharajan, M
 
Subject Alappuzha
Economically marginalized people
Financial behavior
Financial literacy
Investment literacy
Kerala
Kottayam
Saving literacy
 
Description Financial literacy is the ability to make informed judgements and to take effective decisions regarding the use and management of money. A financially literate person must be proficient in the core competencies, having financial knowledge, ability, skill and experience supported by positive attitudes towards money. Financial literacy is understood by the link from knowledge to skills, to attitudes, to behavior. This link is important, because financial knowledge influences attitudes, which then manifests into positive financial behavior. In order to improve financial literacy, it needs to be measured and tracked using both knowledge and action metrics. Financial literacy enables participation in economic life by the marginalized people and it helps them attain financial wellbeing which is the ultimate outcome of financial inclusion. Inclusive growth is possible only through deliberate interventions for changing the bad financial behaviors of economically marginalized people as inclusive growth requires the participation of everyone, rich or poor, in the growth process and sharing the growing prosperity. The higher level of financial literacy of the marginalized people in Kerala can be attributed to the presence of Self Help Groups in Kerala and also the highest general literacy level 93.91%.There is geographical difference in financial literacy and it is positively correlated to education and income. In families where joint decisions are made regarding financial matters, it is proved that financial literacy is high.
newline
Bibliography p.386-410, Appendices p. 411-416
 
Date 2014-06-23T13:42:31Z
2014-06-23T13:42:31Z
2014-06-23
08/09/2009
01/11/2012
07/08/2013
 
Type Ph.D.
 
Identifier http://hdl.handle.net/10603/19632
 
Language English
 
Relation —
 
Rights university
 
Format xxv, 416p.
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None
 
Coverage Gandhian studies
 
Publisher Kottayam
Mahatma Gandhi University
School of Gandhian Thought and Development Studies
 
Source University