Financial Literacy and Inclusion in India

Financial literacy involves proficiency in financial principles, financial planning, debt management, saving techniques and the time value of money. The concept of financial inclusion has a special significance in India because a large segment of the society has little access to financial services. Consequently, many of them have to depend either on their own or high-cost informal sources of finance. 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 that provide deep insights into the various aspects and problems associated with financial literacy and financial inclusion.

Alfabetizarea financiara implica competenta in principiile financiare, planificarea financiara, gestionarea datoriilor, tehnicile de economisire si valoarea in timp a banilor. Conceptul de incluziune financiara are o semnificatie speciala in India, deoarece un segment larg al societatii are un acces redus la serviciile financiare.