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
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
country’s economy will affect another country’s economy, whether positively or negatively. Here is where education plays a major role. Education has the power to influence the global economy. In the United States, the government invests a great deal of their budget into education because it encourages economic growth. If the United States government were to also invest in a developing country’s education, both that country and the U.S. would see growth in their economy. Currently, the U.S. sends foreign
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
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
1.1 INTRODUCTION Saving behaviour is an interesting topic to be study on. In his research Kotlikoff (1989) described the question of what determines saving as a good jigsaw puzzle. It has a number of pieces. Some of the pieces have been found. Those that are available do not immediately fit together, but not all the combinations have yet been tried. The pieces that are missing are not necessarily in the bottom of the box and indeed miry be mixed up with identical-looking pieces in some other
For this women do not need any financing to start their business. This is consistent with the fact that women tend to start smaller sized business that is to say that women are more likely to own businesses in service sectors like health care, education, personal or retail services where they don’t need much investment. Some may open up a boutique which may give a higher income anywhere between Rs 10000/- Rs 40,000/-. By necessity they are motivated to be entrepreneurs to improve the quality of
In this paper, a case study has been done on the “Role of Women Organization to Empowering Rural Women through Education.” An attempt has been made to study - educational status and awareness about their insight potentialities and it create social emancipation through empowerment. The study is based on primary data. Data is be collected by random sampling method. Keywords: Role of women/women empowerment/Role of NGO. 1. Introduction: “India lives in its villages”-Mahatma Gandhi. Historical
support in setting up a strong business plan/base. Government Procurement Program made it mandatory for the government departments to contribute at least 5% of its annual procurement to Mohammed Bin Rashid Establishment for Young Business Leaders. IMPORTANCE OF ENTREPRENEURSHIP IN DUBAI UAE takes pride in providing platform for many large and successful companies, and attracting the Fortune 500 companies to operate in the country. Hence, it has definitely helped in achieving exceptional growth and development
in her own house”. They are structured as a mate for men and men need to make her stroll with them sometime during life . India is an enhanced society where no misrepresentation could apply to the country's different local, religious, social and financial gatherings. In any case certain wide conditions in which Indian ladies live exasperate the way they contribute in the economy. A common denominator in their lives is that they are by and large limited to home with confined adaptability, and in seclusion