FINANCIAL LITERACY AND INCLUSION IN BIHAR: A CRITICAL EVALUATION OF PMJDY
Abstract
Financial literacy is associated with knowledge of skills about the management of financial resources in development sectors. The meaning of financial literacy is based on the skills enhancement regarding better management of financial challenges for better development on a grass-root level. The matters of financial literacy are broad way to give policy regarding observing and mapping financial resources in sector of development economics. In these consequences, the present study examines the nexus of inclusion and literacy because both terms are the subject matter of development economics as well as a social science in the context of welfare economics. The methodology of study is based on analysis of both primary and secondary data. The findings of the study show that PMJDY is the major tool for measuring financial literacy in India because it was found that Pradhan Mantri Jan Dhan Yojna improved the socio-economic inclusion in the Patna district in Bihar.
Keyword : Financial Literacy; Financial Inclusion; PMJDY; Patna; Bihar
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