14Enhanced Human Growth Through Technical Financial Literacy
R. Muthu Lakshmi1 and A. Maria Bharathi2*
1 Sri Sarada College for Women (Autonomous), Tamil Nadu, India
2 Department of Commerce, Sri Sankara Bhagavathi Arts and Science College, Kommadikottai, Tamil Nadu, India
Abstract
Financial literacy plays an important role to develop financial inclusion and growth. Growth is needed for every human being in education, the standard of living, knowledge etc., and financial literacy is the first step to achieving growth. Technical financial literacy is likely to become a progressively important aspect of education. The growth of the economy means that people will become more accountable for their own monetary planning. In the modern world, people will need to manage their funds individually with available financial knowledge concerned with savings and investment plans. Financial literacy is significant because it has been connected to commercial behaviour and wealth accumulation of individuals by contributing to the profitable growth and development of the country. Thus financial literacy will show the main role in understanding the complexity of the financial market progress of new economic products and changes in economic factors. Financial literacy programs will improve growth in all the activities among people, students and Investors.
Keywords: Financial inclusion, financial literacy, bank, post office and insurance
14.1 Introduction
Financial literacy allows the public ...
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