Financial Management of Peoples of the Rural Konkan Region

The Konkan region of Maharashtra is predominantly rural in nature, with the livelihood of its people largely dependent on agriculture, fishing, horticulture, and allied activities. In recent years, gradual socio-economic changes such as diversification of income sources, migration, and increasing exposure to formal financial institutions have influenced the financial behaviour of rural households. Financial management plays a crucial role in ensuring economic stability and improving the standard of living, particularly in rural areas where income is often irregular and vulnerable to seasonal and environmental risks. Effective financial inclusion and financial literacy is important for rural development of Konkan region. This study focuses on the financial management practices of people in the rural Konkan region, examining their income patterns, expenditure behaviour, savings and investment habits, access to credit, and level of financial awareness, with the aim of highlighting existing challenges and identifying areas for improvement in rural financial well-being.