International Journal of Social Science & Economic Research
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Title:
A STUDY TO UNDERSTAND FINANCIAL LITERACY OF RURAL CITIZENS AND MIGRANTS OF DELHI, INDIA

Authors:
Kavya Kapoor

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Kavya Kapoor
Pathways School Gurgaon

MLA 8
Kapoor, Kavya. "A STUDY TO UNDERSTAND FINANCIAL LITERACY OF RURAL CITIZENS AND MIGRANTS OF DELHI, INDIA." Int. j. of Social Science and Economic Research, vol. 8, no. 8, Aug. 2023, pp. 2204-2220, doi.org/10.46609/IJSSER.2023.v08i08.009. Accessed Aug. 2023.
APA 6
Kapoor, K. (2023, August). A STUDY TO UNDERSTAND FINANCIAL LITERACY OF RURAL CITIZENS AND MIGRANTS OF DELHI, INDIA. Int. j. of Social Science and Economic Research, 8(8), 2204-2220. Retrieved from https://doi.org/10.46609/IJSSER.2023.v08i08.009
Chicago
Kapoor, Kavya. "A STUDY TO UNDERSTAND FINANCIAL LITERACY OF RURAL CITIZENS AND MIGRANTS OF DELHI, INDIA." Int. j. of Social Science and Economic Research 8, no. 8 (August 2023), 2204-2220. Accessed August, 2023. https://doi.org/10.46609/IJSSER.2023.v08i08.009.

References

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ABSTRACT:
Financial literacy refers to the knowledge an individual possesses about financial instruments, services and plans provided by the country. Whilst it is essential for all to have an understanding of how to manage money in today’s fast-paced world, several studies have found that there is a myriad of factors that influence an individual’s financial literacy. This study aimed to explore the factors influencing the varied financial literacy among the people of rural origin who now reside in urban Delhi, NCR. In order to facilitate the aforementioned, primary data was collected by interviewing 30 respondents belonging to the sample population. Subsequently, hypothesis testing was carried out using thematic analysis to come to a final conclusion. The main findings include an extensive impact of gender and origin on an individual’s financial literacy as well as a need for further efforts in making the population educated and aware of the several initiatives in place.

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