Financial literacy is a basic need for everyone to financial constraints. According to Rashid (2012), financial constraints can cause stress and low self-esteem. It is obvious that if an individual is experiencing many financial constraints, it affects the financial behavior of an individual and many financial risks will occur. Financial Literacy is a person’s ability to manage his money and is essential to being successful in life. The importance of developing good financial habits as early as possible
The generally accepted financial literacy ideal originates by introducing financial education that would lead to financial literacy, improved financial attitudes and eventually more effective financial behaviors (Borden et al., 2008).‘Financial education helps us develop understanding and skills in financial management that are necessary for survival and success in the merciless commercial world today. It fosters financial stability for individuals, families and entire communities’ by Mr. Professor
2015). According to the Organization for Economic Cooperation and Development (2006), financial education is the process by which financial consumers or investors improve their understanding of financial products and concepts. Therefore, it can be stated that financial education is essential in the today’s economically developing world as it enhances the skills of money management and also brings about the financial stable atmosphere that is necessary for the survival and success of an individual, families
TITLE: FINACIAL INCLUSION AND SELF EMPLOYMENT GENERATION IN ARUNACHAL PRADESH INTRODUCTION: Financial inclusion has become a crucial economic growth and development goal for all the nations. Financial inclusion is the process of ensuring access to appropriate financial product and services needed by all sections in the society in general and vulnerable group such as weaker sections and low income group people in particular at an affordable price in a fair and transparent manner by the
of financial inclusion in enlightening Indian financial system Dr. Vani laturkar and Miss. Jaya Muley School of Management Sciences, Swami Ramanand Teerth Marathawada University, Nanded --------------------------------------------------------------------------------------- Abstract: Now-a-days the topic of financial inclusion is standing as an emerging new model of economic intensification. Financial inclusion
A Term Paper On ________________________________________ PRADHAN MANTRI JAN DHAN YOJNA NATIONAL MISSION ON FINANCIAL INCLUSION ________________________________________ In Partial Fulfillment of the Requirements for the Award of the Degree of Bachelor of Arts in Economics Submitted to: Submitted by: MS. SHIVANI JASWAL Sarthak Mittal
Uniformity of accounting principles had been an issue of debates among Accounting Professionals for a couple of years. This quest gave birth to the modification of existing Accounting Standard and establishment of International Financial Reporting Standards (IFRS). An Accounting Standards is a rule or sets of rules, which prescribes the methods by which accounts should be prepared and presented. This regulatory framework of accounting is issued by the international accounting body of the accounting
It has been revealed, that no country has been able to maintain economic growth without a minimum of forty percent literacy rate (Education). This demonstrates the importance of education in a country. However, the problem most countries face is the lack of resources. The more financial aid schools receive, the more they can spend effectively. For example, the aid can be used to buy more books for the students, renovate the schools, or even improve
1.1 Research Background Financial inclusion has been a topic of recent concern in many countries, both developed and undeveloped. Broadly, financial inclusion is defined as individuals and businesses have access to useful and affordable financial products and services that meet their needs transactions, payments, savings, credit and insurance delivered in a responsible and sustainable way (Swamy, 2014). In its most basic definition, financial inclusion refers to the fact that a person owns an account
responsibilities and effectiveness of audit committees within corporate governance in the wake of several high profiles corporate governance failures, such as Polly Peck, BCCI Bank and Maxwell in the UK, WorldCom and Enron in the US, and Parmalat in Italy. The importance of strong corporate governance has assumed a vital role in organizations ever since these highly publicized corporate fiascos. Regulations have been brought in most countries around the world to improve the running of audit committees as an apparatus