Parikalpana: KIIT Journal of Management

Open Access Open Access  Restricted Access Subscription Access

Financial Literacy in the Unorganized Sector in Purba Medinipur District of West Bengal


Affiliations
1 Department of Commerce with Farm Management, Vidyasagar University, Midnapore, India
 

The study attempts to look into the status of financial literacy in the unorganized sector of Purba Medinipur district of West Bengal. The focus is to identify any degree of association between the different variables that represent demographic factors and the level of financial literacy. For having a heterogeneous sample representing different parts of the district, multistage sampling method has been applied. First, five blocks of Purba Medinipur district have been chosen, following which one village has been chosen from each of them. Then, ten respondents from each village have been interviewed with the help of a questionnaire. Fisher's Exact Test is used to examine the significance of the association between the two kinds of classification as the sample sizes are small.

Keywords

Financial Inclusion, Demographic Factor, Unorganized Sector, Fischer’s Exact Test.
User
Notifications
Font Size

  • Aggarwal, M. and Gupta, M. (2014), “Awareness of Financial Literacy among College Students”, Journal of Management Sciences and Technology, Volume-2, Issue-1, pp.1-13.

  • Attarwala, A.A. (2014), “Role of SEBI in Financial Literacy”, Abhinav International Monthly Refereed Journal of Research in Management & Technology, Volume-3, Issue-3, pp.52-56.

  • Bhatia (2012), “Financial Literacy-Concept and its Importance in India”, en.wikipedia.org/wiki/Financial_Planning_Standards_Board_India, pp.1-12.

  • Bhattacharjee, B.J. (2014), “Financial literacy and its’ influencing factors: an empirical study of Indian Investors”, International Journal of Research in Commerce, IT & Management, Volume-4, Issue-1, pp.43-47.

  • Gupta, K. and Kaur, J.(2014), “A Study of Financial Literacy among Micro Entrepreneurs in District Kangra”, International Journal of Research in Business Management, Volume-2, Issue-2, pp. 63-70.

  • Hung, A.A., Parker, A.M. and Yoong, J.K. (2009), “Defining and Measuring Financial Literacy”, RAND Corporation, Working Paper-708, pp. 1-28.

  • Lusardi, A. and Mitchell, O.S. (2008). “Planning and financial literacy: How do women fare?” American Economic Review, American Economic Association, Vol. 98(2), May, pp. 413-17.

  • Lusardi, A. and Mitchell, O.S. (2011). “Financial literacy around the world: An overview,” Journal of Pension Economics and Finance, Cambridge University Press, Vol. 10(04), pp. 497-508.

  • Mathivathani, V. and Velumani, M. (2014), “A Study on Financial Literacy among Rural Women in Tamilnadu”, Indian Journal of Applied Research, Volume-4, Issue-12, pp.556-557.

  • Ravikumar, R., Sivakumar, S.D., Jawaharlala, M., Palanichamy, N. V. and Sureshkumar, D. (2013), “Assessment of Farm Financial Literacy among Jasmine Growers in Tamilnadu, India”, International Institute for Science, Technology and Education Volume-3, Issue-3, pp.67-76.

  • Sarva, M. (2014), “Financial Literacy: Important For Growth and Inclusion”, International Journal Of Innovative Research & Development, Volume-3, Issue - 4, pp. 214-221.

  • Sekar. M and Gowri. M (2015), “A Study on Financial Literacy and its Determinants among Gen Y Employees in Coimbatore City”, http://www.greatlakes.edu.in/herald/pdfs/march-2015/Article_3.pdf, accessed on September 20, 2015

  • Singh, U. (2014), “Financial Literacy and Financial Stability are two aspects of Efficient Economy”, Journal of Finance, Accounting and Management, Volume-5, Issue-2, pp.59-76.

  • Thiklam, C. (2012), “Financial Literacy among Rural Masses in India”, The 2012 International Conference on Business and Management, Phuket –Thailand, pp.204-217.

  • Trivedi, P. and Trivedi, S. (2014), “Financial Literacy an Essential Prerequisite for Financial Inclusion”, Global Journal for Research Analysis, Volume-3, Issue-3, pp.28-30.


Abstract Views: 519

PDF Views: 13




  • Financial Literacy in the Unorganized Sector in Purba Medinipur District of West Bengal

Abstract Views: 519  |  PDF Views: 13

Authors

Debabrata Jana
Department of Commerce with Farm Management, Vidyasagar University, Midnapore, India
Abhijit Sinha
Department of Commerce with Farm Management, Vidyasagar University, Midnapore, India
Arindam Gupta
Department of Commerce with Farm Management, Vidyasagar University, Midnapore, India

Abstract


The study attempts to look into the status of financial literacy in the unorganized sector of Purba Medinipur district of West Bengal. The focus is to identify any degree of association between the different variables that represent demographic factors and the level of financial literacy. For having a heterogeneous sample representing different parts of the district, multistage sampling method has been applied. First, five blocks of Purba Medinipur district have been chosen, following which one village has been chosen from each of them. Then, ten respondents from each village have been interviewed with the help of a questionnaire. Fisher's Exact Test is used to examine the significance of the association between the two kinds of classification as the sample sizes are small.

Keywords


Financial Inclusion, Demographic Factor, Unorganized Sector, Fischer’s Exact Test.

References





DOI: https://doi.org/10.23862/kiit-parikalpana%2F2017%2Fv13%2Fi1%2F151279