Published Paper Details:

Empirical research reveals that financial literacy is quite poor, especially among educated individuals in industrialized and developing nations. This is especially true for a developing nation like India, which has a large and diverse population, a lack of bank penetration (especially in rural areas), and a wide selection of financial products. India's rapidly improving urban infrastructure, its young demographic dividend, and its distinctive socioeconomic and geographical mix provide an excellent opportunity to channel the country's untapped potential. When more individuals can participate in the economy because they have a basic understanding of money management, we all win. The idea of financial inclusion has been given a boost by recent government efforts like Jan Dhan Yojana. Therefore, learning about money is the first step in establishing financial stability. Several programs have been launched by the government of India to improve citizens' familiarity with and ability to use financial tools. To help readers better grasp the relevance of financial literacy, this article details the many efforts made by Indian regulatory bodies in the state of Jharkhand to promote financial inclusion and education. This research intends to examine the efforts of the Indian government (namely the RBI, SEBI, and IRDA) to raise the country's financial literacy. The current level of financial literacy in the state-wise of India has also been investigated.