Published Paper Details:

o Purpose of the study - To examine financial literacy in India with respect to socio-economic factors and to identify the reasons for variations (low or high) in financial literacy through a comparative analysis of these factors. o Research Methodology - The present study is based on secondary data. It utilizes data published in the 2019 report by the NCFE (National Centre for Financial Education). Additionally, the study employs analytical methods based on reference literature o Conclusions - he study found that financial literacy in rural India is lower than in urban India. The main reason is that many rural communities lack access to financial education. It was also observed that women have lower financial literacy compared to men in India. This is due to various educational and social barriers that make it difficult for women to acquire financial knowledge. In terms of social class, the general caste shows the highest level of financial literacy, while the scheduled caste shows the lowest. This difference exists because of unequal access to education and financial awareness due to the social structure. According to age, the 18-29 age group has higher financial literacy, whereas the 70-80 age group has the lowest. This is because younger people can easily understand modern technology and financial systems, while older people may find it difficult to adapt. Education also plays an important role. People with higher education levels have better financial literacy. When comparing occupations, government employees have the highest financial literacy, as they are more likely to receive training from financial institutions. On the other hand, people working in the agricultural sector have the lowest financial literacy. Finally, financial literacy is lower among low-income groups due to limited access to financial resources and information.