Published Paper Details:

The main aim of the study is to gain a knowledge about the financial literacy and to make realize the small traders about the available easy facilities provided by the by banks and other financial institution. The major thing focused in this study to improve financial literacy among the small traders about the particulars like interest charges, required documents to avail finance from banks and other financial institutions and make them to realize that bank. This study focus on the challenges faced by the small traders in obtaining credit from organized sector and their willingness towards the unorganized lenders and the interest rate charged by them. It also shows the why the small traders majorly target unorganized lenders for seeking credit for their business, emergencies, education and others. Small traders lack of financial literacy and land up paying high interest to unorganized money lenders for the loan they taken from them. Small traders where they are unable to pay loan which they borrowed from unorganized lenders and Obtaining finance from unorganized lenders leads in charge of high rate of interest as compared to banks, financial institutions. Majority of them have availed credit from unorganized lenders due to the easy availability of credit for them without any paperwork. Descriptive research has been used in this research statistical tool like chi-square and correlation for ascertaining the association and relationship between the small traders, unorganized lenders and organized lenders .The main objectives of the study was to understand the level of financial literacy among the small traders. The major limitation of the study was existence of some sampling bias