Published Paper Details:

This study investigates the financial literacy of MGNREGA workers in Karnataka, with a focus on savings, investment, and insurance practices. Adopting a descriptive research design, data were collected from 200 participants using a structured Likert-scale questionnaire. The responses were analysed using SPSS with t-tests to measure the literacy levels across domains. The results reveal moderate financial literacy in savings and investment, with mean scores significantly higher than neutral levels. However, insurance awareness remains low and statistically insignificant, indicating a critical gap in risk management knowledge among the workers. The study underscores the urgent need for targeted financial education programs, especially in the domain of insurance. It recommends collaborative efforts between local self-help groups, NGOs, and policymakers to design and implement financial literacy initiatives tailored to rural communities. Strengthening these capacities is vital for enhancing financial empowerment and ensuring sustainable livelihoods in rural Karnataka.