CONCEPTUAL STUDY OF FINANCIAL LITERACY AND FINANCIAL INCLUSION: AMONG THE MILLENNIAL’S
Shruti Shukla*: Junior Research Fellow, Department of Commerce and Business Administration, University of Allahabad. - Shruti.shuklasas11@gmail.com
Dr. Hariom Gupta**: Assistant Professor, Department of Commerce and Business Administration, University of Allahabad. -hariom@allduniv.ac.in
Abstract
In an evolving period of tremendous technological advancement and intensifying global competitiveness, an economy and its citizens need to operate with awareness, adaptability, and alignment with changes and development in order to stand ahead of and thrive with the dynamics. In spite of conventional and foundational work, modernism's recent introduction and its various benefits are something that one ought to weigh. It turns into a drive for improvement to make things now better in order to achieve the future better.
In order to this, Financial Literacy is something which assist to gain meaningful insight and leads to decide more rationally in managing the finance. Hence Relationship between financial literacy and financial inclusion among millennials is examined in this study. Millennials have particular financial opportunities and challenges because they are the first generation grown up in the digital era. This research examines how financial literacy affects the millennials use and access to financial services through an extensive literature reviews and qualitative analysis. It also looks at how educational initiative and technology supports financial inclusion and literacy. The result highlights the significance of focused training programs and digital platforms in boosting millennials financial capacities by pointing to a favourable association between financial inclusion and financial literacy levels. Policy makers, financial institutions and educators must comprehend these dynamics in order to create specialized plans that enable millennials to engage fully in the financial system and make wise financial decisions.
Keywords: Financial Inclusion, Financial Literacy, Millennials, Financial Skill, Financial Decisions.
