FINANCIAL LITERACY AMONG YOUNGSTERS: A STUDY WITH SPECIAL REFERENCE TO BELTHANGADY TALUK

Abstract

A strong financial system indicates healthy economic growth. Financial literacy is a stepping stone for financial inclusion. For the successful implementation of various schemes of financial inclusion, financial literacy is the primary stage. Literacy merely reflects knowledge and skill through education, whereas financial literacy indicates the skill and knowledge to manage the financial activities in everyday life. The Indian education system through its well defined curriculum tries to build the overall personality of the individual and helps to enhance people's access to current and upcoming changes in the economy. In this era of digitalisation, the education system should put more emphasis towards financial literacy. Financial literacy opens up a world of possibilities for young minds by empowering their financial knowledge. This paper tries to explore financial literacy among youngsters, especially focusing on young students pursuing their pre-degree, undergraduate and postgraduate studies in Belthangady taluk of Dakshina Kannada district of Karnataka.